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Beware of Debt Management Programs
Filing a bankruptcy case is never something that should be done without fully evaluating all of your options. Many clients ask whether it would be better to do a debt consolidation plan, a debt management plan, or try working with a credit counselor before they file a bankruptcy case. At Dionne & Dionne our bankruptcy attorneys will discuss all of these options with you during your free initial consultation.
Debt Management Horror Stories
Many of our clients come to us after first trying one of these debt management options. Those same clients tell us horror stories about companies charging them large sums of money without ever resolving their debt problems. In fact, many clients tell us that their credit score actually dropped significantly after working with a debt management company. Some even report having been sued by a creditor they thought was being handled through their debt management plan. Almost every client who has worked with a debt consolidation company is shocked to learn how little it costs to wipe out all of their debt through a bankruptcy case. In many cases, bankruptcy is the least expensive way to resolve your financial problems.
The Federal Trade Commission Has Sued Many Debt Management Companies
There are reputable companies that will work with you to help you with your debt. The success of these programs depends on your level of debt and your ability to continue making payments to your creditors. So many consumers have been taken advantage of by companies promising more than they could deliver that the Federal Trade Commission and many State Attorneys General have sued to protect consumers. Many of these companies have been ordered to pay millions back to consumers.
Our Goal is to Help Our Clients Make Wise Financial Decisions
Our bankruptcy attorneys' first priority is to get you the help you need. That help may not include the filing of a bankruptcy case. At Dionne & Dionne we put your needs first. We see it as our job to help you even if that means not representing you in a bankruptcy case. If our bankruptcy attorneys believe you should not file a bankruptcy case they will tell you not to file.
Learn All You Can About All of Your Options
This website is devoted to providing you with the information you need to make an informed decision about your financial future. In an effort to provide you with all the information you need, we have devoted sections of this website to Chapter 7 bankruptcy and Chapter 13 bankruptcy. In furtherance of our goal to serve our clients' best interests, we are providing you with a link to an article from the Federal Trade Commission. The full version of the article can be found at http://www.ftc.gov/bcp/conline/pubs/credit/fiscal.shtm. This information is intended to give you an unbiased review of your non-bankruptcy debt management options. In the article, the Federal Trade Commission explains about the different options available to consumers and provides extremely helpful information in how to avoid making your financial situation worse.
We Are Here to Serve You
If you have questions regarding your financial options, please contact our bankruptcy attorneys for a free review of your case. We are here to serve you and help you reach the right financial decision for you and your family.
Dionne & Dionne
6726 Old Greensboro Road, Suite A
Tuscaloosa, AL 35405-5979
Phone: (205) 349-5911
Fax: (205) 409-0294
E-mail