The term "cancelled" and "discharged" are often used interchangeably, but there is actually an important difference when it comes to how your debt is handled.
When debt is discharged in a bankruptcy case, it effectively becomes noncollectable from the creditors perspective. You, as the debtor, are no longer liable to repay said debt under the protection of your bankruptcy case.
Showing posts with label debt settlement. Show all posts
Showing posts with label debt settlement. Show all posts
Wednesday, May 25, 2011
Monday, May 2, 2011
Debt Relief Companies: Is This a Big Scam?
Get Out of Debt! Pay Only Pennies on the Dollar!
I've been seeing tons of advertisements online for these so called "debt relief" companies promising to eliminate your debts for "pennies on the dollar".
It's certainly an appealing offer, but does it work or is it just another scam?
I've been seeing tons of advertisements online for these so called "debt relief" companies promising to eliminate your debts for "pennies on the dollar".
It's certainly an appealing offer, but does it work or is it just another scam?
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