They will eventually settle for the amount you suggested. What happens to home property in a chapter first and foremost, you don t want to get over extended and get more. I do think that you will be able to enjoy yourself when you are here. Lenders are opening up to all sorts of borrowers and are offering finances at better terms and conditions. These ends are childrens education, purchasing car, home improvement, and above all of paying your multiple debts. This program was introduced by the US government just for the facilitation and comfort of the American consumers who feel it difficult to pay off their loans on the right time. Make sure that you understand precisely your debt management partners plans for timely remuneration of the credit card companies and we apologize for the repetition but this cannot be underlined sufficiently; too many households have been lost to oral agreements get everything down on paper. By: Suzy Vanstrusen In the middle of multiple debt problems from different creditors? Want to end this dilemma? One of the most effective way to eliminate debt is through debt consolidation. Enter this percentage on the home. Ask if the lender will sell your loan. A financial counselor offers tips to build credit and avoid debt.