can i cancel my debt settlement program becuz im going to file for chapter 13?
jordan asked:
i already payed one month which is only $300…but i just relized chapter 13 is basically the same thing …can i call my debt settlement company and canel with them?
i already payed one month which is only $300…but i just relized chapter 13 is basically the same thing …can i call my debt settlement company and canel with them?
You can always cancel- however- a Chapter 13 is VERY much different from debt settlement. A BK- is a PERMANANT life time mark on your civil name at the court house. Not only that- you have a court appointed trustee deciding how much money you are allowed to spend per month- all the rest goes to your Bk. You income is very closely monitored, any changes must be submitted through your attorney, which then charges you more fees- My point is- the two program are very different. If you truly cannot afford debt settlement- then yes a BK is a better option- but keep in mind- Tax returns, inheritance, or lottery winnings can all be taken from the BK- and pay your creditors- Debt settlement is always a better option- if you can afford it!