Archive for debt settlement

New Bankruptcy Laws Make Debt Settlement More Appealing

The new bankruptcy laws have hindered many consumers from using a chapter 7 bankruptcy for debt relief solutions.  Discuss bankruptcy vs. debt settlement with an experienced bankruptcy attorney in your state. The debt reduction services have been around for nearly 10 years however it has never been so prevalent amongst our debt ridden society.  New [...]

New Bill May Hinder Debt Settlement

Last week, Democrat Senators Chuck Schumer, D-N.Y. and Claire McCaskill, D-Mo., introduced the “Debt Settlement Consumer Protection Act.” This debt relief bill would limit the fees that a debt settlement company would be able to charge a consumer for credit settlement services. If passed, the new law would mandate written disclosures before debt reduction services [...]