As a general rule, any type of unsecured debt can be successfully
negotiated. An unsecured debt is one that is not tied to a specific
material item that could be repossessed by the creditor. So an
auto loan, for example, could not be included because the creditor
could legally repossess the vehicle. Credit card debt, medical
bills in collections, department store cards, signature loans,
unsecured lines of credit, and revolving charge accounts are
all types of accounts that can be included in our program.
The
main exception here are student loans, which in most cases are
government backed loans that cannot even be discharged in a bankruptcy
proceeding. (Private student loans that are not sponsored by
the government can be included.)
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