While NACBA states that only 1 in 10 debt settlement company plans are successful, my experience is that far less than ten percent of debt settlements succeed. Most clients report that their plans fail. Some of the most common reasons debt settlement plans fail include: unreasonably large monthly settlement costs, inability to service the settlement plan, failure to get all creditors to accept the plan, debt settlement company going out of business. Well-designed Chapter 13 plans that provide a true fresh start and provide federal protections for my clients are a far superior alternative.
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If you have questions about filing for Chapter 13 bankruptcy, we are here for you. Contact us today online or by telephone at (888) 910-6652 to schedule your free initial consultation with a bankruptcy lawyer. We are open on Saturdays and are available before or after regular business hours by appointment. For your convenience, we accept checks and debit cards as forms of payment.