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Are You Drowning In Debt?
Don’t wait until it’s too late. declare bankruptcy now!

Why bankruptcy may be a better alternative to manage debt

Sadly, many debt management companies try to take advantage of people who are struggling with debt. These companies promise everything from cutting your debt in half to cleaning up your credit history. Typically, you will be required to pay a flat free up-front. The bottom line is that if it sounds too good to be true, it probably is.

The truth is that even the most reputable debt management companies can only do so much to help you get out of debt. In many cases, interest will continue to accrue on your debt balance even if you start making payments. You may also end up having to make higher monthly payments than what you were initially promised. Although a debt management plan may seem like a good choice, bankruptcy may actually be a better option for you.

Bankruptcy has a number of advantages. The biggest advantage is that bankruptcy allows you to have a fresh financial start. Depending on which type of bankruptcy you file, some or all of your debt may be completely discharged. Another advantage is that collection efforts must stop immediately when you file for bankruptcy.

If you are feeling overwhelmed about how to manage your debt, the last thing you need is a company that is trying to take advantage of you. You need people who can help you understand the pros and cons of bankruptcy, debt management plans, and other strategies to turn your financial situation around.

At Bryan P. Keenan & Associates, our attorneys are committed to helping people find the best ways to manage their debt. Our firm, which serves Pittsburgh and surrounding areas in Pennsylvania, is dedicated solely to debt relief. This allows us to give every client the experienced and knowledgeable representation you deserve. Unlike some debt management companies, we will take the time to inform you about your legal rights and options.

Because we understand that every person’s situation is unique, we want to understand exactly where you are coming from and what goals you want to accomplish. To learn more about how we may be able to help you, please visit our debt management page.

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