Our expert says:
Suzy Orman's opinions are absolutely brilliant --- for improving the fortunes of Suzy Orman. She is probably most help to the slightly worried already wealthy folks. That may be why listening to her hasn't been of much help to you.
Have you checked with your bank as to whether they have someone who can provide you with more specific debt counselling and pratical advice ? You say you have tried deabt counselling, and I wonder i it was well done./ Generally, people who are owed money would rather make a plan with you to get something back, rather than pursue you heavily and get nothing back. Your creditors are foolish if they keep threatening you. Lawyers recognize that some opponents are what they tend to call "a man of straw" --- tghat is, someone you can sue, but who hasn't actually got any money you could get.
YOu do need a legal opinion --- have you checked whether there is a free law clinic at your nearest law school ? Maybe a court might be more sensible about recognizing that a reasonable plan is needed, to help you and everyone else.
Again, a lawyer would know, but I don't think they're entitled to seize ALL your assets --- they should leave you enough to live on and with, and with a mind to enabling you to continue to earn a living and a bit more.
That you have a good job, well, firstly that means you jhave SOME earnings, and they shouldn't want to risk you losing your job, or you'll have nothing with which to pay back anything at all.
I don't know how bankruptcy works, but it is I'm sure supposed to enable you to continue to live and earn, and to have the creditors be less impatient.
And I do agree that the extent to which banks and stores pushed people to get multiple credit cards, was disgraceful.
As ou reader says, too, I gather there is a NEW national credit act recently come into force, which may be more helpful to you. Have you tried googling it ?
The information provided does not constitute a diagnosis of your condition. You should consult a medical practitioner or other appropriate health care professional for a physical exmanication, diagnosis and formal
advice. Health24 and the expert accept no responsibility or liability for any damage or personal harm you may suffer resulting from making use of this content.