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Chapter
13- Debt Consolidation
Did
you know that in a Chapter 13 Debt Consolidation you can lump almost every
bill you have into one low monthly payment, and a majority of the time
creditors are powerless to do anything about it. They are required
by law, to accept the bill consolidation payback plan, whether
they like it or not.
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Chapter 13 bill consolidation is an alternative to a straight bankruptcy.
Bill consolidation can do so much more than a Chapter 7 straight bankruptcy.
It allows you to discharge debts that you might still owe if you did a
straight bankruptcy.
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consolidation gives you peace of mind because it stops telephone calls
and collection letters. But bill consolidation does so much more. It stops
foreclosures, it stops wage garnishments, it stops the repossession of
automoblies. It stops the late charges and interest and penalties on credit
card accounts, taxes, and other unsecured debts.
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13 allows you to organize all your bills into one low monthly payment.
It is not a loan. It is a federal law which requires your creditors to
take less money monthly over a longer period of time, with little or no
interest. Bill consolidation is a powerful law because the weight of the
U.S. federal government is behind it. It is handled through the U.S. Bankruptcy
Court system, and it puts you in control.
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