How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ash Your Own Question
Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
75100385
Type Your Law Question Here...
Ash is online now

hi my partner has 20000.00 credit card debt. his friend has

Resolved Question:

hi my partner has 20000.00 credit card debt. his friend has advised him if he goes in debt manager then all the interest is wiped off and his fixed assets aren't touched. is this true
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Alex Watts : Hello my name is ***** ***** I will help you with this.
Alex Watts : Yes If he goes to a debt management company they can arrange a repayment plan. But only go to Step Change, they are a chaiity.
Alex Watts : he could also go bankrupt if he has no assets and be clear after 12 months.
Alex Watts : So yes, it is true.
Alex Watts : Can I clairfy anything for you about this today please?
Ash and other Law Specialists are ready to help you