Senior Citizen Clients Who Tried “Debt Consolidation”
By Wine Country Family Law & Bankruptcy Office, P.C. on July 18th, 2020 in
I had a chapter 7 case where my clients paid over $32,000 in less than two years to a debt consolidation company and realized little to no “debt consolidation”. My clients were retired with limited income and could no longer afford to pay such outrageous payments in an attempt to negotiate their debts. Although the debt consolidation company assured my clients that they would take care of the debts for them, the creditors were calling my clients non-stop and harassing them. My clients were frail and in failing health. They felt they had no other option but to file bankruptcy in order to protect their health and emotional well-being. I filed chapter 7 bankruptcy for my clients and the creditor calls stopped. My clients report that their health has been improving ever since.