Answers to Your Debt Settlement Questions

Guest: Michael Bovee

Guest: Michael Bovee

Is your credit card debt just too much to manage? Debt negotiation and settlement expert Michael Bovee from Consumer Recovery Network joins Talk Credit Radio to explain how negotiating with creditors and collectors works. You'll learn:

The three options for past-due debt,

When you should worry about being, sued,

How to minimize the likelihood that will happen,

and how settlement really affects your credit.

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Feb 11, 2015
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Judgment proof
by: Gerri

I am sorry to hear what a difficult time you and your wife are going through. I am not sure I understand your situation however. It is not typical to be in a Chapter 7 bankruptcy for a year and a half. It is usually a pretty quick process. Do you mean you completed it a year and a half ago?

If that's your question, then it's recent enough after your bankruptcy that you should be able to go back to the attorney who handled your bankruptcy and ask them. I assume you are, but I'm not certain how pensions are handled in your state. Your Social Security should be safe from creditors as long as it's not mingled with other non-exempt funds. Again, I wish I could say for sure but I'd suggest you ask your attorney.

Nov 21, 2014
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am I judgement proof
by: Anonymous

My wife and I have been in chapter 7 bankruptcy for 18 months.since then I have acquired 2 credit cards .one for 1400.00 and 2000.00 respetively I am 80 years old an in poor health I live in n c and have only s s and a small pension .Am I judgment proof. Both cards are in my name onlyq

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