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Consider a consumer proposal.
Determine if a consumer proposal is the option that best suits your needs.
To qualify for a consumer proposal you must be working, or have a stable income from some other source.
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Consumer Proposal is a federally regulated program and you need to meet specific requirements: You must be able to pay a portion of your debts.
The concessions are documented in a two-page summary of Mr. Dodd's latest consumer proposal, which was provided to reporters on Friday without Mr. Dodd's permission.
While Mr. Dodd has indicated a willingness to give ground on several aspects of the consumer proposal, those concessions have not been enough to gain the backing of Richard C. Shelby of Alabama, the senior Republican on the committee.
Your bankruptcy trustee will prepare the consumer proposal for you, and send it to everyone you owe money to.
Bill Himpler, the trade group's executive vice president, said that consumer proposals should focus on abusive mortgages.
Brand new trucks may still be flying off the lots on Kenmount Road, but so are personal bankruptcies and consumer proposals.
Among other things, the industry is working to ease rules governing derivatives and to weaken a proposal for a consumer financial protection agency.
While administration officials declined to discuss the Obama-Dodd meeting, one said the president's proposal for a consumer protection office was "nonnegotiable".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com