Conquering Your Fear of Creditors…With Bankruptcy
Saturday, January 23rd, 2010You know your creditors: those nice folks who give you something you want — goods, services, or money — in exchange for your promise to pay them back at a later date. In practical terms, a creditor can be a credit card company, a bank, a hospital, your local dentist, or any person or company to whom you owe a debt.
But, in these unfriendly economic times, [exactly] what happens when you can’t or won’t pay back that debt? What should you do when your creditors come calling? Can you keep creditors at bay or are you bankruptcy bound? Conquer your fears of dealing with your debt and remember the bankruptcy basics necessary to keep you from a creditor crunch.…