Comments on: Is it better to settle my debts or file for Chapter 7 bankruptcy? http://whentofilebankruptcy.org/is-it-better-to-settle-my-debts-or-file-for-chapter-7-bankruptcy Consider All Your Options | Free Tips, Q&A and Online Resources Thu, 29 Dec 2011 01:20:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: S P http://whentofilebankruptcy.org/is-it-better-to-settle-my-debts-or-file-for-chapter-7-bankruptcy/comment-page-1#comment-7264 S P Tue, 27 Jul 2010 20:37:21 +0000 http://whentofilebankruptcy.org/is-it-better-to-settle-my-debts-or-file-for-chapter-7-bankruptcy#comment-7264 If you are able to settle the debt, settle it....Bankruptcy as the last post stated stays on your credit report for 10 years...the debts stay for 7 years, and will show as included in the bankruptcy. If you decide to pay them off, make sure you request a pay to delete so they take them off your credit report. To settle would be easier if you have the available money to do so. In the future when trying to finance anything new, they will look at your current payment and not necessarily the old debts. Chapter 7.........no it's no easier, it's easy to pay an attorney, it's easy to file, take the credit counseling and wait to have it discharge...It's hard to re-establish credit, harder to buy things in the future, and harder to find jobs if the check your credit report for employment. There is nothing easy about filing a bankruptcy. If you do file, learn from it and re-build and try not to do it again..there is life after it, but, it's a tough road to climb! Good Luck! If you are able to settle the debt, settle it….Bankruptcy as the last post stated stays on your credit report for 10 years…the debts stay for 7 years, and will show as included in the bankruptcy. If you decide to pay them off, make sure you request a pay to delete so they take them off your credit report. To settle would be easier if you have the available money to do so. In the future when trying to finance anything new, they will look at your current payment and not necessarily the old debts. Chapter 7………no it’s no easier, it’s easy to pay an attorney, it’s easy to file, take the credit counseling and wait to have it discharge…It’s hard to re-establish credit, harder to buy things in the future, and harder to find jobs if the check your credit report for employment. There is nothing easy about filing a bankruptcy. If you do file, learn from it and re-build and try not to do it again..there is life after it, but, it’s a tough road to climb! Good Luck!

]]> By: pagodaboy2001 http://whentofilebankruptcy.org/is-it-better-to-settle-my-debts-or-file-for-chapter-7-bankruptcy/comment-page-1#comment-7265 pagodaboy2001 Tue, 27 Jul 2010 20:37:21 +0000 http://whentofilebankruptcy.org/is-it-better-to-settle-my-debts-or-file-for-chapter-7-bankruptcy#comment-7265 Settle.....no it will haunt you later in life. It'll stay on your record for 10years and for less than 17k you can knock that off if you work with the creditors to get on a payment plan. Dave Ramsey can give you more advice, he has been through it just google him. Settle…..no it will haunt you later in life. It’ll stay on your record for 10years and for less than 17k you can knock that off if you work with the creditors to get on a payment plan.

Dave Ramsey can give you more advice, he has been through it just google him.

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