Bankruptcy Questions Answered

Credit Counseling - No More Interest- How?

How do I get my debtors to allow me to pay them off on a payment plan and no further interest charges? I have approximately $400,000 in debt, not including several pieces of real estate.

I have no liquidiy due to family medical issues, but do not want to declare bankruptcy although I have no money “for the short term” (say, 6-9 months) even to make minimum payments.

I want to make a deal with the creditors that I am not running away, that they should close the accounts and not charge any more interst going forward, with low minimum payments to be made until it gets paid off (or for a one year period, lets say.)

I am not concerned about ruining my credit; its ruined itself over the last 3 months.

I do not want to declare bankruptcy either.

How would I do this? is it best to go to a place like BuCCs www.buccs.com? or to do it alone? (using a service would make me only need to pay one bill each month instead of 30?)

or to ignore them until it is 120 days past due and then settle?

or let the bills rise until they write them off?

Besides all other moral concerns about owing the money, I do not want my entire family getting phone calls and would not not particularly love process servers at my door.

Since I am posting this anonymously, let me generously beg y’all kind souls not to take this question off topic or discuss its (im)morality.

yes I am aware that just because a credit cousieling service is “nonprofit” that does not mean they are there to help you. (and yes I am aware that many of these agencies are sponsored by the CC comanies themselves.)

What is the best way to get on a payment plan, while stopping all accruing interest?

My health is being severly ruined by this (headache, stomachahes from stress) and I really want to do this tomorrow….