DEAR BRUCE: I'm 60. The company that I've worked for almost my whole adult life has gone bankrupt. At my age, it's very difficult finding another job. I am several thousand dollars in debt with two credit cards. Do you think the credit card company would be willing to accept 50 cents on a dollar for a full payoff? -- Reader, via e-mail

DEAR READER: Unfortunately, I doubt the company will take that deal unless you are very much in arrears. As long as you are current from their perspective, you are good for the money. They advanced the money to you and they expect to get paid. Seldom are companies willing to negotiate unless they feel that unless they do negotiate, they will receive nothing. But in these hard economic times, it's worth a shot to at least see what they have to say. While you certainly have my sympathy I seriously doubt the companies will negotiate unless you are in default.