What’s worse: Ch. 13 Bankruptcy or using a Debt Relief Agency’s help?

rpmichalak asked:


Going through a divorce, have a ton of debt (credit card, unfortunately) and can’t afford the monthly payments while paying for 2 residences (ex is currently not working). Which would have the least harmful effect on my credit: filing for Ch. 13 bankruptcy or contacting a Debt Relief Agency for help?

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Tags: Debt Credit, Debt Help, Relief Agency

This entry was posted on Sunday, September 14th, 2008 at 10:29 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “What’s worse: Ch. 13 Bankruptcy or using a Debt Relief Agency’s help?”

1. from me to you Says:
   September 15th, 2008 at 3:25 am

   The least harmful effect on your credit? Contact the Debt Relief Agency. Filing for Chapter 13 will kill your rating.

2. mister ed Says:
   September 16th, 2008 at 9:40 pm

   bankruptcy!!!

3. Lesley Says:
   September 18th, 2008 at 9:21 am

   Is there a reason why you are paying the spouses living expenses? Are you court ordered to do so? Talk to your family law attorney AND consult with a bankruptcy attorney to see if bankruptcy will even accomplish what you need accomplished. If the debts are both in your name and the ex’s name that can make a difference.

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