Has anyone heard of this? Use federal laws to eliminate your debts?

I keep getting emails that claim there are Federal Laws to elimate debts. (I know they are note referring to Bankruptcy here). Doesn’t anyone know if this is true or is it just more scammers making money off other’s mistfortunes?

If anyone knows this to be true, I would like to know.

Thanks in advance.

This entry was posted on Wednesday, December 31st, 2008 at 2:13 am and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

6 Responses to “Has anyone heard of this? Use federal laws to eliminate your debts?”

1. antiekmama Says:
   January 5th, 2009 at 10:25 am

   To be sure it is a scam. be extra cautious

2. ShouldBeWorking Says:
   January 6th, 2009 at 11:43 pm

   I’m not sure if there really IS a law about that, but I have a friend who did one of those e-mails, and it was a total scam. She ended up losing about $800 and then because she was like 2 or months behind in her bills she was going to file for Bankruptcy! So be VERY careful!

3. brainiac Says:
   January 9th, 2009 at 4:18 am

   you can negotiate with your creditors and say I will pay you a percentage of what I owe.

   but it is wrong…you borrowed the money and agreed to pay it back, why shouldnt you?

4. Ron H Says:
   January 12th, 2009 at 4:32 am

   Just a scam.

5. Inquisitor-2006 Says:
   January 12th, 2009 at 2:29 pm

   The ONLY federal law to eliminate debt are the federal bankruptcy laws (Chaps. 7 & 13). No other such law exists.

6. dreamscorporation Says:
   January 15th, 2009 at 2:57 am

   if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
   however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

   a good place to start in my humble opinion is: