My boy friend is in debt what is his best option debt settlement or declare bankruptcy?

He owes about $12,000 we want to get married when he is debt free. Do you know any reliable settlement companies that are trust worthy? What are the procedures?

My boy friend is in debt what is his best option debt settlement or declare bankruptcy?
Receiving help from debt reduction services normally helps you avoid


bankruptcy, pay off your debt in full and get your finances under


control. Bankruptcy should be your final choice, and debt reduction


services prefer to help you to eliminate your debt completely, instead


of running from your debt.






Reply:Before anyone can answer this realiably, we'd need to know:





- does he have any assets


- does he hold office (policeman, public official, company director)


- who he owes the money to - the state, or private companies/individuals





There are many settlement companies, but they exist to line their own pockets. There are ways of handling this yourself... but without further information, we cannot advise.
Reply:If you declare bankruptcy, you could lose assets worth $12,000, plus the problem would be compounded by the fact that you would not be able to purchase anything major with his credit. So, if he can, tell him to get some sort of credit counseling before doing anything rash. There may be a way to get out of it without losing some of your possessions, like a second job, you could work a second job etc.
Reply:first,you should collect some resource by searching the relevant keyword in search engine,if you got good luck there ,then your problem solved.however,if you are not able to find the ideal answer by doing that,here http://www.DebtFreetips.info/debt-free.h... is the resource i recommend.



Reply:Get Dave Ramsey's book The Total Money Makeover and read it quickly. It has a terrific plan for every period in your life from getting out of debt to when to buy a home and when to invest.





www.daveramsey.com
Reply:settlement always settlement