As an Asheville bankruptcy attorney, I speak to people daily about the differences between debt settlement programs and filing a bankruptcy case.People enter debt settlement programs with very good intentions:they want to avoid a bankruptcy case.Unfortunately, debt settlement companies overpromise and often spend the bulk of their company’s resources on sales and marketing.
Don’t get scammed
Listen to this NPR story about the latest scam which was exposed, yesterday.
Here is the Department of Justice’s take on debt settlement programs.
Finally, read my recent post about comparing a bankruptcy case with a debt settlement program.
If you are interested in resolving your bill problems without filing a bankruptcy case, I recommend OnTrack Financial here in Asheville, North Carolina.They are the exact type of low-fee, nonprofit organization that the Department of Justice recommends in their blog post above.
I would be happy to give you my take on your best options.Contact me for a free, initial bankruptcy consultation where we can discuss the best alternatives for you.
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