Introduction to Debt Settlement During Divorce Divorce can be an extremely difficult time for many people, financially speaking. A divorce will often require both spouses to rearrange their personal budgets as they adjust to (for example) child support payments, spousal support payments, and payments toward debts the couple acquired during the course of the marriage. […]
Introduction to Settling a Joint Debt or Obligation Because debt settlement is, essentially, a voluntary contract entered into between a creditor and a debtor whereby the two parties agree to resolve the debtor’s outstanding obligation through one or more payments that total less than the total amount owed, parties in a debt settlement agreement have […]
Introduction Timing is everything. While we are often encouraged to “strike while the iron is hot” and avoid unnecessary delay, attempting to take advantage of an opportunity too early can often result in consequences that are just as undesirous as if we had waited too long. This is true in debt settlement negotiations as well. […]
Choosing Between Debt Settlement and Debt Consolidation Our lives are fluid: things are constantly changing. Even our preferences can change in a matter of moments. Steak may have sounded good for dinner at 4:00 p.m., but chicken may sound preferable at 5:00 p.m. What holds true for our tastes and appetites holds true for our […]