Bankruptcy
Alternatives
Debt Consolidation Services
Debt Consolidation Services
Frequently Asked Questions
1. The Debt Consolidation Service should state what percentage of people who sign up for their program actually successfully complete the program. I assume that it is about five percent. More of these people end up filing for bankruptcy anyway, after spending thousands of dollars on these services.
2. A clear statement as to what fees you will pay, the monthly plan payment amount, and the number of months that you will have to make these payments, and a guarantee that this will not change.
3. A guarantee that your creditors will accept these payments and that they will not transfer your account or change their mind and sue you anyway after you have made many payments, and that if they do, that you will get your payments back.
Unfortunately for you, no Debt Consolidation Service will ever give you these basic guarantees in writing. This is why having an attorney is so beneficial to you. The first responsibility of your attorney is to protect you from harm, by making sure that your filing for bankruptcy will have benefits to you that far outweigh the negative aspects of a bankruptcy filing. Attorneys are licensed and monitored by the State of New York, and they have fiduciary responsibilities to you as a client, to advocate for you and to advise you on your situation, in a confidential manner. Considering that a Bankruptcy attorney is often much cheaper than a Debt Consolidation Service, you should at least contact an attorney for a consultation, which is often given free of charge.
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Debt Settlement Services
Bankruptcy Petition Preparer
Frequently Asked Questions
In my opinion, you would be extremely foolish to use “We The People” bankruptcy document preparation service, because they are not attorneys. They are cheaper because they do not provide legal representation or legal advice to you. “We The People” will type up your responses that you handwrite on the petition. If you own a typewriter, you can do the same thing and type it yourself. “We The People” has been the subject of numerous proceedings in Bankruptcy Court alleging that they have acted inappropriately and in fact was found by the bankruptcy court to have “committed fraudulent, unfair, and deceptive acts”. In fact, the United States Trustee brought a proceeding against “We The People” and they entered into the following settlement agreement that limits their actions, and places them under the supervision of the United States Trustee. We The People