How do I prevent bankrupcy with all owed to creditors?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

How do I prevent bankrupcy with all owed to creditors?

I would like to make partical payments until I go to work so I donot loose anything

Asked on June 10, 2009 under Bankruptcy Law, Louisiana

Answers:

J.M.A., Member in Good Standing of the Connecticut Bar / FreeAdvice Contributing Attorney

Answered 14 years ago | Contributor

I am a lawyer in CT.  I suggest that you contact the creditors and make arrangements to get on some sort of payment plan with them to repay the debts.  You can explain that you are contemplating filing BK as a result of all your debts, but would like to avoid it.  The creditors shoudl work with you as they will get nothing if you file.  If you do not have time to spend doing this, i suggest that you hire a lawyer to help you as it will sound more convincing coming from a lawyer and he/she may be able to get you a better deal if they have experience in this.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption