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Difference between revisions of "Dealing with Debt (10:V)"
From Clicklaw Wikibooks
→C. Communicating with Creditors when Unable to Make Contractual Payments
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The steps involved in this reduced payment are: | The steps involved in this reduced payment are: | ||
#determine the amount(s) owed and to whom (verify with the creditors rather than relying on the | #determine the amount(s) owed and to whom (verify with the creditors rather than relying on the debtors); | ||
#determine how much money is available to pay to creditors, keeping the basic standard of living in mind; | #determine how much money is available to pay to creditors, keeping the basic standard of living in mind; | ||
#consider if the debtor has assets, bank accounts or investments at risk; | #consider if the debtor has assets, bank accounts or investments at risk; | ||
