Dec
29
29
The only solution for us to get out of debt quickly is a good debt settlement program. Back in 2005 there was a changeover in the bankruptcy laws. The change in the law has made it much harder for a American to file Chapter 7. A Chapter 7 will completely wipe the slate clean of the debts owed. If someone does not pass the “means test” to be excepted for Chapter 7 then they must look to go through what’s called a Chapter 13. A Chapter 13 is a court run repayment procedure. Where the court determines what you will re-pay to whomever you owe the debts for a five year period, by evaluating your finances in great detail.