Natalia Brown
speaker
86 appearances
2 recordings
1 series
first heard Dec 2022
last heard Dec 2022
Natalia Brown’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
When someone's already tried to minimize their debt, they've tried to budget, they've gone to credit counseling agencies or nonprofits, they've tried debt resolution, and they're still in a position where they cannot keep their heads above water.
Thank you so much for having me.
I really appreciate it.
I absolutely agree with you.
Bankruptcy can be very scary.
They should really think about it as an option.
I like to call it the last option.
There are many alternatives before you get to bankruptcy, but it is another tool that anyone could use to get out of debt and resolve some of the stress issues that they're having in relation to their debt that they are going through.
It's the right time when someone's already tried to minimize their debt.
They've tried to budget.
They've gone to credit counseling agencies or nonprofits.
They've tried debt resolution, and they're still in a position where they cannot keep their heads above water.
It might be related to the income that they're making.
They could have lost a job or there might be some medical bills that impacted their ability to pay.
And bankruptcy is kind of the last alternative that allows someone to wipe out their debt.
And there's generally two types of bankruptcy.
There's Chapter 7, which I like to put in simple terms can be considered as a liquidation of all of the person's assets.
and everything gets paid off with whatever they have.
And then chapter 13, which is a little bit more common, is when someone is kind of on a forced payment plan, just to put it in simple terms, where a judge may decide how much disposable income someone has, and they'll put every cent of that disposable income and leave that person with a very strict budget to kind of pay off their debts.
And that debt could be unsecured credit cards, it could be medical bills,
Showing 1–20 of 86 · page 1 of 5
Next →