No way to avoid bankruptcy!
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stephan
Apprentice
Joined: 02 Jul 2008
Posts: 2
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 Posted: 07/28/08 - 09:22 Post subject: |
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I have recently got into problems running my company and I am not sure what to do. I have already huge debt, and need advice from someone who’s got out of it. I would like to know what to do with no way to avoid bankruptcy. If anyone could help me, that would be great. Thanks in advance.
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aldridge
Apprentice
Joined: 31 May 2008
Posts: 5
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| Posted: 08/26/08 - 21:06 Post subject: |
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| There are various reasons why people get into insecure deals. People have loans or mortgages with payments they need to follow, but fail to do so. The way to get out of a debt is filing for bankruptcy However, if you want to avoid such extreme measure, you should talk to your lender and try to restructure your debt and make it more easily payable. If you cannot, you should choose chapter 13 bankruptcy, which will help you clear up much of your debts. Hopefully, and with more luck and better planning, you will do better next time. |
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