New Orleans and 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.
Consider your options carefully when trying to decide between filing for Chapter 13 bankruptcy or working with a debt management company. It can mean the difference between 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 with a qualified attorney.
Why Getting Advice From a Debt Counseling Contractor Is a Bad Idea
Most debt management companies are in the business of collecting money for creditors. They are unaccredited; their interests are not geared toward helping you get out of debt. While they may make compelling promises that debt consolidation can help you become debt free in a matter of months, what they do not tell you is that the interest on your debt does not go away.
Credit counselors are accredited and usually work with a debt counseling program at a non-profit agency.
At best, working with a debt consolidation company or debt counseling consultant can only forestall the inevitable. At worst, it can result in your getting even further into debt.
See our page Beware of "Alternatives to Bankruptcy". for more information.
Bankruptcy Is Often 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, the attorneys of Grand Law Firm 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 counseling companies, contact Grand Law Firm today to schedule your free initial consultation with a bankruptcy lawyer.
