Ask Me Help Desk

Ask Me Help Desk (
-   Bankruptcy & Debt (
-   -   Alternatives to bankruptcy (

  • Jan 25, 2005, 09:46 AM
    Alternatives to bankruptcy
    I don`t have enough debt to file for bankruptcy,only @ $500. Any alternatives?
  • Jan 26, 2005, 03:43 AM
    Have you tried coming to some agreement with your creditors? Perhaps they would freeze interest payments and allow you to pay off what you owe in small amounts.
  • Feb 28, 2005, 10:21 PM
    It will cost you more than the $500 you owe. Contact the places you owe it to and offer to pay something towards the amount each month even if it's only $5 to each place until the $500 is paid off. Bankruptcy is not a debt eliminator if you just don't feel like paying the money.
  • Mar 1, 2005, 08:35 AM

    It sounds to me like you just need some help setting up a budget and learning to live within your means. Access the following website ( and see a counselor. There is no charge and they should be able to help you.

    You may also want to visit Clark Howard's website ( He is an Atlanta consumer advocate who has helped thousands get their financial house in order. You may be able to listen to him on a local AM radio station, as his talk show is now syndicated nation-wide. At the very minimum, you can listen to his show over the web.

    Hope this helps!

    Atlanta Tax Expert

  • All times are GMT -7. The time now is 01:31 AM.