Comments on: Reasons not to file bankruptcy or settle your debts http://debtprison.net/wordpress/13/bankruptcy-or-debt-settlement/ Financial Opinion Wed, 08 Feb 2012 06:39:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nicole http://debtprison.net/wordpress/13/bankruptcy-or-debt-settlement/comment-page-1/#comment-13049 Nicole Wed, 10 Aug 2011 05:26:59 +0000 http://debtprison.net/wordpress/?p=13#comment-13049 Stop propagating myths and scaring people--who are already in a enough of a struggle! There are laws that protect people from a "judge confiscat[ing] all your assets and sell[ing] them, giving the cash to your debtors." Most people will be able to keep their assets if they are exempt. Stop propagating myths and scaring people–who are already in a enough of a struggle! There are laws that protect people from a “judge confiscat[ing] all your assets and sell[ing] them, giving the cash to your debtors.” Most people will be able to keep their assets if they are exempt.

]]> By: tcbelle http://debtprison.net/wordpress/13/bankruptcy-or-debt-settlement/comment-page-1/#comment-12289 tcbelle Fri, 10 Jun 2011 16:37:58 +0000 http://debtprison.net/wordpress/?p=13#comment-12289 So what if the home owner filed bankruptcy and the attorney never comleted the filing with having the debts removed and all the debt was attached to the real estate "house" and the seller is tring to sell the house in a short sale and since all 4 liens are on title the bank won't clear title.? Bank of america City Bank are 2 that are attached to the title and they have been there evidently for 8 years. So what if the home owner filed bankruptcy and the attorney never comleted the filing with having the debts removed and all the debt was attached to the real estate “house” and the seller is tring to sell the house in a short sale and since all 4 liens are on title the bank won’t clear title.?

Bank of america
City Bank
are 2 that are attached to the title and they have been there evidently for 8 years.

]]> By: Debt Prison http://debtprison.net/wordpress/13/bankruptcy-or-debt-settlement/comment-page-1/#comment-11215 Debt Prison Sat, 06 Feb 2010 13:42:42 +0000 http://debtprison.net/wordpress/?p=13#comment-11215 A bank can change the rules because its in the contract that they can change the rules. Don't like those rules? Don't sign the contract... we'd all be much better off if we didn't sign these contracts and take on debt we have no business accepting in the first place. Borrowers that cannot pay back loans are NOT trustworthy to a lending institution. Would you loan money again, if you were in the business of loaning money, to someone whom already didn't pay you for the last money you loaned them? And for people who are not comfortable negotiating with collection agencies.... there are debt settlement companies out there that provide such a service for you. A bank can change the rules because its in the contract that they can change the rules. Don’t like those rules? Don’t sign the contract… we’d all be much better off if we didn’t sign these contracts and take on debt we have no business accepting in the first place.

Borrowers that cannot pay back loans are NOT trustworthy to a lending institution.

Would you loan money again, if you were in the business of loaning money, to someone whom already didn’t pay you for the last money you loaned them?

And for people who are not comfortable negotiating with collection agencies…. there are debt settlement companies out there that provide such a service for you.

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