Debt Management Tips : How to File Bankruptcy

Filing for bankruptcy involves choosing between a Chapter 7 or Chapter 13 bankruptcy and should be done with the aid of a lawyer. Consider credit counseling before filing for bankruptcy with tips from a certified public accountant and credit counselor in this free video on debt management.

Expert: Jerrie Guthrey
Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992.
Filmmaker: Jack Guthrey

Category:

Howto & Style

Tags:

• credit card
• loans
• money
• debt
• debt consolidation
• bankruptcy
• credit report
• credit bureaus
• credit counseling

[tormozat]

Consumer credit agancies are funded by

credit cart companies .

[choirsinger123]

Her accent is soo strong- I keep getting distracted and forget what she is saying!

[draconian45]

Voice is too annoying. Had to turn off.

[zainsfashion]

@VictorS2003 true

i would get bankrupt for her voice..lol

[VictorS2003]

I like her voice, lol

[wolfgar50]

a managable time period set by your creditors probably..

[TheLifeImprovement]

This video is pretty interesting, does that make me a nerd? We might be able to work together. I help people who have file bankruptcies get a cash settlement

[skylarportland]

Exactly. Even if you go through consumer credit counseling, your credit is still harmed almost as bad ( consumer credit is just a baby step up from bankruptcy ), BUT you're having to pay a couple hundred $ usually, every month, and that mark still stays on your credit, which harms if you should need to finance a vehicle, home, etc.

Loans tend to use your debt/income ratio now, so filing bankruptcy loosens this ratio up, thereby increasing your loan options if you chose to.

[japinoboysf]

what is her accent?

[ayvnielsen1]

she must be an attorney...she cant give a straight answer...in ch 7. it all gets wiped away right away, and in ch 13 you pay a little every month for 3-5 yrs, then the rest gets wiped away...good way to save your house if your behind