Waste of Money to Settle?
Date: Wed, 05/20/2009 - 09:31
I have a chance to settle with a cc for 45%. However, I will probably end up in bankruptcy in about 3-4 months. Is it a waste of money to settle? Seems like I should just let it go to collections... or even sue me if it gets that far... then file bankruptcy.
Let it go to bankruptcy. You may have a problem with settling a
Let it go to bankruptcy. You may have a problem with settling as any payment over a certain amount is considered preferential treatment and the BK court may force them to return it.
I would not settle. If it is unsecured, then it will be include
I would not settle. If it is unsecured, then it will be included in the bk filing. To me it would be a waste of money.
Submitted by southernapostolic on Thu, 05/21/2009 - 18:20
( Posts: 302 | Credits: )
I started out saving up to settle and now I just said F*** it! I
I started out saving up to settle and now I just said F*** it! I'm getting ready to file a 13 next month.
