The other options to Bankruptcy are debt settlement and credit counseling. With
both debt settlement and credit counseling, the credit card companies determine
how much you must pay back.

Only Bankruptcy can eliminate 100% of your
credit card debt.

With both debt settlement and credit counseling you make payments for years.
A Chapter 7 can be over in just a little more than 3 months, not 3 years. In addition,
it is not unusual for your total cost of a Chapter 7 to be less than 2 or 3 payments
to a debt settlement or credit counseling service.

With debt settlement, you stop paying the cards and pay the agency that is trying
to settle for you. This can continue for years and during that time the credit card
companies can still sue you and garnish your wages. If you have anything to lose
in a lawsuit, debt settlement could turn out to be a bad idea. When talking to debt
settlement companies ask them what they will do if a credit card company sues you.
See if you get a straight answer. Bankruptcy stops all suits and will prevent any
new ones.

When talking to credit counseling companies ask them is if there is a reduction
in principal. It is likely you will find out that only the interest rate in being reduced.

When dealing with debt settlement and credit counseling companies you may find
yourself dealing with someone by phone or Internet, who maybe in another state
working for a business that has only been around for a year or less. At the Law
Office of William Parks, you will speak with an attorney that has been practicing
in your neighborhood for years.

When you consider these reasons, I believe you will agree that Bankruptcy is the
most effective, quickest, and easiest way of handling your debt problems and
getting you back on your feet with a Fresh Start.


Call 408 720 1709  Email william.parkslaw@gmail.com