Bankruptcy

Why Bankruptcy Is A Huge Mistake! 

 

We have a better alternative to bankruptcy. Our system will empower you too…

If you are here looking for a reason NOT to file BK, let me assure you, you have come to the right place. New legislation was passed in 2005 that makes it nearly impossible to qualify for Chapter 7. Let’s start with a stat we’re pretty sure you are not familiar with: Credit Counseling Fact: Did you know Consumer Credit Counseling has a 90% FAILURE RATE? This includes the so called “non-profit” Consumer Credit Counseling companies the (CCC).

First, the petitioner must now obtain a letter from a non-profit (CCC) company stating that they have tried unsuccessfully to get out of debt with a (CCC). What a JOKE! These so called “non-profit” companies were conceived of by banks to keep consumers paying as long as possible. No real surprises though, we all know the seed does not fall far from the tree…and this bill is a dream come true for your creditors. In fact, they have been trying to get a bill like this passed for years.

Second, Chapter 7 Bankruptcy is a liquidation proceeding in which the debtor’s non-exempt assets are sold by a trustee and the proceeds are distributed to creditors according to the priorities established in the Code. In other words, some of your property will be sold to wipe out some of your debt. You do not get to keep all of your things and not pay for it, as some would believe. This is why chapter 7 only covers unsecured debt.

Third, bankruptcy will not erase all of your debt. Non-dischargeable debts include any debts that you neglected to list on your bankruptcy filings, child support and alimony, student loans, legal debts owed to the state, tax debts, credit card purchases made within 60 days of filing for bankruptcy, loans or cash advances over $1150 you made within 60 days of filing, and debts owed under a divorce settlement.

Fourth, many people believe that filing for bankruptcy cleans up their credit and allows them to have a fresh start. This is simply not true. Bankruptcy ruins your credit. It remains on your credit report for a period of ten years. The funny thing is it’s the credit card companies themselves that offer you more credit shortly after the Bankruptcy is complete. Laughable, they are as addicted to you as you are them, the only difference is, you are the one that does not know what to do and this fear (False Evidence Appearing Real) keeps you up and night.

Fifth, Chapter 13 is a repayment plan for individuals with regular income and unsecured debt less than $290,525 and secured debt less than $871,550. The debtor keeps his property and makes regular payments to a trustee out of future income over about a 3 to 5 year period. Repayment in Chapter 13 generally ranges from 10 percent to 100 percent, depending on the debtor’s income and the type of debt. The debt must still be paid. This is true if you lose your job, become ill, or have an income producing spouse die. You are still responsible for repaying the debt and you have given up rights to your property.

If you have any valuable assets, you can forget about Chapter 7!

Finally, until recently, it seemed that filing Chapter 7 bankruptcy was the answer for many people with financial problems. Perhaps it was the best option at one time, but that all changed in October of 2005 when new legislation made it nearly impossible to file Chapter 7, thanks W. The bill severely limits the ability of consumers to wipe away some of their debts and get a fresh start. If you have any valuable assets, you can just about forget filing Chapter 7. But wait, it gets worse…if you file Chapter 7 and you do not qualify for it, you are then forced into Chapter 13, in other words, you are not allowed to change your mind or back out. 

This bill is a dream comes true for your creditors. In fact, they have been trying to get a bill like this passed for years! 

WARNING: Whatever you do, DO NOT let your creditors bully you into Chapter 13. And believe me; they will try to tell you Chapter 13 is your only option. As you are about to discover, this is simply NOT TRUE. The worst part that you will not find out until it is too late; if you do not qualify for the Chapter 7 you will be forced into Chapter 13. That’s right, you do not have the ability to back out or change your mind once you have filed for Chapter 7 Bankruptcy.

The Good News…

Ok…if you are reading this late at night because you cannot sleep, it’s time for the good news so you can sleep at night again. You can breathe easy as you have found the ONLY viable alternative for putting your debt to rest. Break out the tomb stone and right across it, RIP—Debt… That’s right, you can still wipe away as much as 90% of your debt WITHOUT filing for bankruptcy. This has NOTHING to do with Debt Settlement, Debt Consolidation or a “so called” CCC Services.

YES!!! We have a better alternative to bankruptcy. Our system will empower you too…

• Get out of debt fast without bankruptcy or consolidation
• Learn your rights according to the Fair Debt Collection Practices Act F.D.C.P.A and the Fair Credit Billing Act, F.C.B.A.
• Stop harassing phone calls from creditors
• Stop collection agencies dead in their tracks
• Know what to do if you are sued by your creditors
• Learn how to restore your credit
• Gain access to our attorney network
• Find out numerous things the banks nor the collection attorneys want you to know
• The best part, your credit is restored and you are back up and running in less than two years—not TEN years.

Yes, our Debt Resolution program can help you eliminate 90% or more of your debt. Our program is the only one of its kind. We have a network of trained attorneys that can help you get out of debt in 12—18 months. This is NOT a repayment plan, debt settlement or debt consolidation. We are the only legal debt elimination program. As you review our website you will gain a better perspective of how this program can work for you. Review our “APG Information” link, and your confidence of what we can do for you will surely rise as you see we are already prepared for you. We have satisfied clients that will speak with you about their experiences if necessary, and you can read some testimonies that our clients have posted as well. We have live conference calls for those that are seeking for our proprietary services on Thursday evening, by appointment only. Feel free to call the number on our website anytime between 9am to 7pm M-F Eastern Standard Time, or feel free to simply email us. LifeClub@tggfinancial.com

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