Quick Answer: Erik can still file Chapter 7 bankruptcy after enrolling with CountryWide Debt Relief, and should consult a local bankruptcy attorney for free to compare options. The best approach involves evaluating all available debt relief methods before deciding whether to continue with debt settlement or switch to bankruptcy.
“Dear Steve,
I have been enrolled with Country Wide Debt Relief for some time. I was wondering if I should/can/still file for chapter 7 bankruptcy in order to get out of what seems like a bad situation. After having read one of the emails concerning them I’m thinking this was a bad decision on my part.
Thank you
Each weekday I send one short email: one money story that caught my attention, why it might matter to you, and one manageable thing you can do with it. A couple of minutes, and a dad joke.
In the latest issue (Oct 9): Does Financial Literacy Make Financial Sense?
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Erik”
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Dear Erik,
Not knowing more about your situation I’ll need to direct you to the online debt tool for you to evaluate your options.
You can still file bankruptcy and the best approach would be for you to click here to find a local bankruptcy attorney who will talk to you for free.
It might be that after reviewing your options you;ll stick with the path you are on, or change. But you can’t make an informed decision without reviewing your options.
Please post your responses and follow-up messages to me on this in the comments section below.
Dealing With Debt? Understanding your options is the first step. See how all your debt relief options compare — including ones most sites won’t tell you about. The Find Your Path quiz gives a recommendation based on your actual numbers, and the Scam-O-Meter checks any company’s complaint history before you sign. Federal Reserve research shows bankruptcy filers recover faster than those who don’t file.
