No. Not that F Word.
The word I am talking about is Forgiveness.
In particular, Debt Forgiveness.
This can be achieved through Bankruptcy or Bankruptcy Alternatives.
I talk a lot about Bankruptcy, but it’s not for everyone.
So, what are the alternatives? Here are the top three:
- Repayment with Workouts
(aka Debt Negotiation)
- Debt Management with Strict Budgeting
(read our budgeting blog here)
- Claims under the Fair Debt Collection Practices Act
Don’t let your debt drag you down.
Let it go.
For more information, contact me here.
Theresa Rose DeGray
Attorney at Law
PS: Debt Forgiveness may result in tax consequences; whereas Bankruptcy does not.