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I Don’t Want to Go Bankrupt for an Old Car Loan Debt.

“Dear Steve,

I’m 20000 in dept (Car loans ) my wife no longer works , I don’t make enough money They want to much and said they would sue one already has.

We already retained an attorney we don’t want to go bankrupt

I don’t know what else to do.”

The Answer

Get Out of Debt Free Hotline

You have a few choices:

  1. Pay the debt in full.
  2. Negotiate monthly payments for the debt with the company that won the suit, if they will.
  3. Do nothing and have your wages garnished.
  4. Go bankrupt and terminate the debt.

Take your pick.

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“Choice1”“Choice2”
“Choice3”Big Hug!

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

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After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


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