3 Respected Financial Experts Warn to Avoid the Burdens of Bankruptcy

Posted: 02/12/2009 by Debt Warriors! in Bankruptcy, Bankruptcy's Burden, Debt Management
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Bankruptcy May Not Be Available To Many Debtors

Bankruptcy May Not Be Available To Many Debtors

If you’re thinking about Bankruptcy, you should know that at least 3 well respected Financial Experts point out the many burdens of  the New  Bankruptcy Laws.

Recently, I wrote  a Bankruptcy article, and  I was verbally  attacked by a Bankruptcy Lawyer, Carl Starett :(   He questioned the products Debt Warriors offers, he criticized the prices of our Products ($48.88)  and attempted to wage a viral war against us.   I guess in this Attorneys  case, the truth hurt too much :)

Today Attorney Starett, claims I “retracted” my story.  I took the story down because I was respectfully asked to take a different approach by my Attorney.  Attorney Starett,  please know that Debt Warriors are  just getting started :) !

This time, I’m going to share some of the (objective)  findings of 3 well respected Personal Finance Experts, about the burdens of the  New Bankruptcy Law (of 2005).

Cnn.com’s  Gerri Willis, published an article called:The New Bankruptcy Law and You: What you should know about the law, which will make it tougher for consumers to clear their debts.

If the title of the article alone doesn’t support my premise, Ms. Willis continues, “And those who file will be paying much higher fees to Bankruptcy Attorneys”. These are her words, not mine. Click the link above and see for yourself.

Ms. LaToya Irby wrote in her Article, 4 Ways to Avoid Bankruptcy, “Because bankruptcy can have such a devastating effect on your credit score, it’s better to seek other alternatives before filing Chapter 7 or Chapter 13 bankruptcy.  If another solution saves your credit, it’s better to take it, even if it will take longer or cost more to get rid of your debt.”  Again, the words of another Personal Financial Expert – not myself.

Dave Ramsey, wrote in his article, ‘The Truth About Bankruptcy‘, “Don’t let anyone fool you. I have been through bankruptcy and have worked with bankruptcy for decades, and it is not a place you want to visit”

I realize that after this post the Average Bankruptcy Attorney will not want to be my friend. That’s OK:)  I also realize that I may arouse some negative publicity about Debt Warriors from some  angry (and insecure)  Bankruptcy Attorneys.

We  Started Debt Warriors to Help American Consumers Avoid the Burdens  of Bankruptcy.

The Debt Warriors Arsenal is the ultimate Bankruptcy Alternative.  This video course takes you step-by-step through the process of Credit and Debt Management, expert budgeting solutions, easy to use;  forms, grids and Debt Reduction Software.  It’s apparent that Attorney Starett, feels threatened by how we help Consumers help themselves.

Believe it or not, Bankruptcy is not a Financial  ‘Fresh Start’.

I guess Attorney Starett  feels threatened by the fact that for under $50, American Consumers  can avoid paying him hundreds if not thousands of dollars for his Bankruptcy services.  Over the next few day’s, I will keep posting objective sources about the burdens of Bankruptcy.

Even if you don’t consider  Debt Warriors  products, please think 3 times before you seek  Bankruptcy? And don’t trust anyone who tries to make a reputation by attacking those offering alternatives to filing Bankruptcy.


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