A
debtor’s personal properties, such as land, mayalso be possessed by the
creditor. In a partnership, for instance, apartnership creditor may go
after the personal properties of the debtor partnerif the partnership
assets are not sufficient to cover the liabilities. To avoidthis
dreadful scenario, the debtor may just take action to arbitrate
thesituation. Seeking a specialist is one way to achieve compromise.
Creditspecialists and counsellors will be the ones who will work with
the creditorsto modify the terms of the debts.
We are here to listen,
answer your questions and provide the information you need. We strongly
urge you to visit with an attorney to discuss the benefits, costs and
consequences of filing for personal bankruptcy. And if you are not sure
what you need, contact us—we will help you on the right path.
To begin pre-filing bankruptcy counseling, call 800.251.2227 to schedule
a telephone or in person appointment or click on the green "Start an
online session" button above.
How to Prepare for your Counseling Session
We strongly recommend that you watch this video to understand what
documents you will need to have available, and how to get the most value
from your counseling session.
read more at: Advantages of Bankruptcy
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