My question involves collection proceedings in the State of: Florida
I have determined that I am insolvent in respect to paying back debts.
The only assets I have of real value that could go to this are a boat and an older 4x4.
I might get $8000 between them.
My debt is over $30K.
Would it be wise to get the money then offer settlements to the companies?
I checked into a debt settlement company which would probably help but I cannot even afford to pay the monthly figure they quoted.
Should I start sending letters to creditors explaining my situation? Is it OK to ask for them to give me a couple of months to get some money together for future payments? Is it Ok to ask them to stop the phone calls and to only communicate via email or snail mail?

