You can't amend your bankruptcy petition to pay off a new debt.
Thu, 10/04/2012 - 10:01
In April 2011 I filed for bankruptcy and got discharge in October 2011. Unfortunately, in May 2011 I had to get admitted in hospital and now due to the bankruptcy, my wages are being garnished. Is there any way I could amend the bill? I am far behind on my rent and all my other bill.
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The debt settlement program typically lasts between 6 months to 4 years time.
At least 30% of the debt amount per creditor needs to be accumulated in the trust account for OVLG to give the creditor any settlement offer.
Not all creditors or debt collectors will accept a reduction in the balance, interest rate, or fees a customer owes such creditor or debt collector.
Pending completion of the represented debt-relief services, the customer's creditors or debt collectors may pursue collection efforts, including initiation of lawsuits.
That the use of the debt-relief service will likely adversely affect the consumer's creditworthiness, may result in consumers being sued by their creditors, and may increase the amount owed to creditors as a result of the accrual of additional fees and interest.
Savings a customer realizes from use of a debt-relief service may be taxable income.
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