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Credit Counseling and debt consolidation services in
Michigan
With
consumer debt at an all-time high, many organizations
are marketing solutions such as credit counseling and
debt negotiation programs as alternatives to Bankruptcy.
The challenge for the consumer is to determine which of
these organizations are reputable and can deliver the
benefits they promise. The amount of debt you have may
be manageable with some guidance from a professional
such as a credit counselor. A
reputable credit counseling agency wants to help you
take charge of your debts just as a reputable bankruptcy
lawyer does. If the credit counselor feels that your
debt load is unmanageable for you and cannot formulate a
successful debt management plan (DMP), they will refer
you to a reputable bankruptcy law firm and a visa
versa. If you feel that your debts are simply
unmanageable given your present income, feel free to
call my office
www.michiganbankruptcylawyer.com Attorney Walter
Metzen at 313-962-4656 or 888-4Walter. If you feel you
can afford to pay your creditors in full and just need a
payment plan you can afford and wish to avoid
bankruptcy, give credit counseling a try.
A reputable credit counseling agency can advise you on
managing credit and help you develop a budget and plan
to solve your money problems. Choosing a Credit Counselor in Michigan
These agencies typically
provide free information and educational materials.
Under a DMP you deposit money with the agency every
month to pay your bills. You will pay a fee for this
service, but the agency may be able to negotiate lower
interest rates and fees with your creditors. If you use
a DMP, the words “managed by a
credit
counseling company” will appear on your credit
report, and may be viewed negatively by creditors. If
you want to learn more about these services, I recommend
that you contact Greenpath Debt Solutions. Greenpath has
helped thousands of people manage their debt and avoid
bankruptcy. I frequently advise potential clients who
come into my office for a consultation to give Greenpath
a try because they really don't have enough debt to file
a bankruptcy.
GreenPath is also known as
Consumer Credit Counseling Service of Michigan.
Click the image below for a link to their website.
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There are 2 basic types of bankruptcy cases
for consumers that are
provided for under the Bankruptcy Code, my office handles
Chapter 7 and Chapter 13 Consumer Bankruptcy cases in Michigan. The cases
are traditionally given the names of the chapters that describe them. If
you would like a free Michigan Bankruptcy Case
Evaluation. Contact my office for a Fresh Start with
Bankruptcy.
Bankruptcy Basics - For Cases Filed on or after October 17, 2005 (pdf)
Bankruptcy
Basics - For Cases Filed before October 17, 2005 (pdf)
