Baton Rouge Bankruptcy and Debt Counseling Attorneys
If you have accumulated a lot of debt by taking out loans, maxing out credit cards or lapsing on car payments, TV commercials, Web advertisements and radio ads promising financial freedom through debt consolidation may seem compelling. You have probably heard that there is a type of bankruptcy filing that involves debt reorganization, but you are trying your hardest to avoid having to file and go through the stigma associated with it.
Yet, looking at your options carefully when trying to decide between filing for Chapter 13 bankruptcy or working with a debt counseling or debt management company can mean the difference between actually achieving financial freedom and digging yourself deeper into debt. Contact Grand Law Firm in Baton Rouge, Louisiana, to get more information on why bankruptcy is your best option. Call 1-888-860-3543 for a free initial consultation.
Why Getting Advice From a Debt Counselor Is a Bad Idea
Debt counselors are in the business of collecting money for creditors; their interests are not geared toward helping you get out of debt. Therefore, while they may make compelling promises that through debt consolidation you can become debt free in a matter of months, what they do not tell you is that the interest does not go away. At best, working with a consolidation company or debt counselor can only forestall the inevitable. At worst, it can result in your getting even further into debt.
Bankruptcy – A Better Option
Chapter 13 bankruptcy is a reorganization of debt as well, but with a difference. With the help of our attorneys, you take a close look at your financial situation to determine exactly what you owe and what you can pay based on your income. If you qualify for Chapter 13 bankruptcy, we can help you develop a plan for repayment of debt within a three- to five-year period.
To find out about how to avoid the pitfalls associated with working with debt consolidation companies, contact Grand Law Firm today to schedule your free initial consultation with a bankruptcy lawyer. Call 1-888-860-3543.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
