Indy17 Posted August 9, 2018 Report Share Posted August 9, 2018 Hey everyone, I am having trouble knowing what to do with the debt that I have. I have been trying to avoid bankruptcy, but I don't know what's best to do anymore. I have settle two credit cards for 30% and 40% of the balance. I have two court cases that add up to around $7,000. Those cases are from Primary creditors so I am trying to settle them. I have 3 more cards that are in debt collector hands. I have gotten letters from two of their law offices. The total of there balances is around $14,000. I still have more debt out there of about another $10,000 I do not have a lot of assets. I drive a beater. I do have a partnership LLC, that is worth money. We are in the middle of trying to sell it. It could sell for around 100K. I also have money in savings. I have about 8k cash. I am self employed, I know ways to protect my assets in a LLC structure. I have also considered moving to a state with could debtor laws. I do not want garnishment or seizing of my property. Being "cute" with LLC shell companies to protect assets may raise the wrong eyebrows. Does anyone know what my best options are? Who is the professional I should speak to that could help me figure some stuff out? Quote Link to comment Share on other sites More sharing options...
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