Bankruptcy

I personally prefer to avoid bankruptcy. Here, debt settlement can be a good option to avoid bankruptcy. It can reduce your debt by 40-60%.

But let me also tell you that if your financial condition is distressed then bankruptcy can do wonders. But please check whether you qualify for bankruptcy chapter 7. Sometimes bankruptcy chapter 13 also comes handy.

After being on this site and reading some of the post and the advice I have been getting, We have decided not to file bankruptcy and we stopped using the DS company for lack of response and for not communicating with our creditors; we have decide to tighen the belt and the money we were giving to the DS to put in a savings account, to make offers to creditors, I have one offer out now with a creditor and a counter offer with another.

If that works, then that is great. Bankruptcy is a last resort. We have to do this, but it is in part because of a deficiency balance on a car note, and losing enough income that we are really just in survival mode. There just is not enough to put into savings to make any offers. We are still about six months away from paying off the attorney, so who knows what will happen between now and then.

Please let us know how it goes.