Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
There really are only two options: pay or file bankruptcy. If you have not yet had a bankrupctcy attorney go over your financial circumstances, then you may want to do so, because if you are a candidate for bankruptcy, then you can go back to the creditor with a different proposition to accept your offer or get nothing, because you'll file bankruptcy.
The threat of bankruptcy is the ultimate leverage.
Hope this helps.
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