Kentucky  |  Bankruptcy

Re: Should I dump debt settlement and file bankruptcy?

Depending on your living expenses, how much equity you have, if any, in your house and cars, and other factors, you might be a prime candidate for a chapter 7. If there's considerable equity in house / cars, a chapter 13 might be better. You need to speak with someone who can review both your property and your debts to decide the best course. I seldom hear any favorable experiences from clients who have gone through the kind of "debt consolidation" or "debt settlement" firm you are describing. They pay high fees that get them nowhere toward paying off debt, and after throwing away money for a long time, they end up filing bankruptcy anyway. Do yourself a favor: see an attorney before you spend any money on this. Most, like us, do not charge for an initial consultation to review your situation.

Re: Should I dump debt settlement and file bankruptcy?

You need to talk with a lawyer who knows about bankruptcy before you do anything else. Many bankruptcy lawyers offer a free initial consultation: take advantage of it!