Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What happens if you abandon a credit counseling agreement? - I have been laid off, and my monthly income has taken a gigantic hit as I am now on unemployment... My job prospects are slim given the current economic climate, and I'm worried I might be unemployed for sometime.

I have an existing agreement with Greenpath debt solutions to help eliminate some existing credit card debt. I've been in the program now for 2 years, and the program would normally last another 3 years, assuming I'm able to continue making the payments.

What happens if I can't continue to make the payments to Greenpath? Bankruptcy will always be an option after my lack of income brings my aggregate income down over the next few months, but what happens in the interim?

Is it possible just to tell the creditors to F-off, or do I NEED to declare bankruptcy? -