There are varying opinions on whether using a debt settlement agency makes sense and “saves” a debtor from filing bankruptcy in an effective fashion. As a bankruptcy lawyer, many of my clients have tried using such agencies and the effort has failed, which is why they then come to see me to get the relief that the bankruptcy code offers. For obvious reasons, I rarely have a client who has had success with such efforts because they probably would not be coming to see me.
Below is a link to an article on Bankrate.com which suggests that debt relief agencies aren’t all they are cracked up to be.
