The banks have spent millions of dollars on lobbyists and were
able to get Congress to pass a law that everyone who wants to file bankruptcy
must first complete a briefing (counseling session) with a consumer credit
counselor. If the idea was to steer
people into debt management plans, then the new law hasn't worked out well for
the bankers. Almost no one who completes
the pre-bankruptcy briefing goes on to enter into a debt management plan.
However, the counseling session is not all bad news. Many people do feel that
they received useful information on budgeting and saving money from the
counseling session.
Avoid a “BIG” mistake!
Contact Minnesota bankruptcy attorney Gregory Wald at (952) 921-5802 or
visit them on the web at bankruptcyminn.com.
Discover the difference between “debt management plans” and filing
bankruptcy while you are still able to make an informed decision between the
two processes.
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