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Debt Consolidation Law !

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The Law

Bankruptcy Alert...


When Bush signs the bill, it will be harder to declare Chapter 7 bankruptcy, in which all of your debt is wiped out. The bill makes it even more important to keep debt in control at a young age and to know the law.


There are two types of personal bankruptcy: Chapter 7, where your debt is wiped out, and Chapter 13, where the courts obligate you to pay a certain amount back. About 70 percent of those who file for personal bankruptcy choose Chapter 7, but that number will reduce dramatically under the law under consideration. Also under the law, protected assets such as retirement money and home equity will be at risk those who file for bankruptcy. 
American Families Overwhelmed With Debt


Millions of American families find themselves in debt, in every State and in every city and town, many through no fault of their own. Job loss, medical bills, re-location can all effect a family's income. Many fall for the "hype" that the credit companies spend millions on, to persuade the unsuspecting public to use their services. The options to recover from this debt are becoming fewer with the changes in the law. Many families cannot afford even the funds needed to file for bankruptcy. 


Billions more for Credit Companies...

About 1.3 million Americans declared bankruptcy last year, a jump of 75 percent since 1990, due to heavy promotion of credit card use. Financial analysts say enactment of the law would generate billions of dollars in added profits for credit-card issuers over the next 10 years. 

 

Debt consolidation will...
  • Slash your monthly payments up to 60%

  • Reduce or eliminate the interest rates

  • Give you one easy monthly payment

  • Drastically reduce your payoff time

  • Help you obtain Financial Freedom!

Contact Debt Consolidation Company

Our professional debt consolidation staff can negotiate a payment plan with your creditors to put money back in your pocket right now!

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