Settlement Programs & Our Company
- FAQs
- Read about how the process for debt settlement works.
- Settlement Letters
- Check out the results we have obtained for our clients and check out the savings potential that clients who complete our program are able to enjoy.
- Our Solution
- Read about the steps for getting started with our program.
- Get a Free Consultation
- Fill out a form for a free consultation.
- The Process
- Read about how the process for debt settlement works.
- Options
- Read about all your settlement options and how to know you may need a program like ours.
- Negotiation Tips
- Intent on doing it yourself? Read these tips for negotiating your own settlements.
- Articles
- Follow this link to read all our articles pertaining to debt settlement.
Compare Debt Relief Options
- Advantages & Disadvantages
- Read about the advantages and disadvantages of all your debt relief options.
- How Does Debt Relief Work
- Read about how credit counseling and debt settlement programs work.
- Versus Chapter 7 Bankruptcy
- Compare debt settlement & bankruptcy's most popular option – Chapter 7.
- Versus Chapter 13 Bankruptcy
- Compare debt settlement with "debt consolidation" bankruptcy – Chapter 13..
- Debt Relief Options
- Read all our articles on your options for getting out of debt.
Bankruptcy Requirements
With the passing of the Bankruptcy Reform Act in 2005, the requirements for filing has increased significantly, and as a result, many people who once qualified are now turning to Jefferson Debt Settlement’s program instead.Not only are the headaches of qualifying removed altogether, but the savings are dramatic and your credit is protected from the impacts of a bankruptcy filing. Detailed below are just a few of the headaches of dealing with bankruptcy:
- If your income exceeds the median in your state, you may not be able to qualify for Chapter 7 bankruptcy. That means you'll be forced to file Chapter 13, where your entire monthly disposable income will be turned over to a court trustee for a period of 5 years.
- You may be required to pass the means test. This is a formal evaluation of whether you can pay off your debt through a Chapter 13 bankruptcy.
- A federal tax return for the most recent tax year must be filed with the bankruptcy courts.
- You will be required to attend a 90 minute credit counseling session, where your income and budget will be scrutinized to determine whether you should avoid bankruptcy altogether.
Thanks to all of these requirements, lawyer fees have increased dramatically and paying $2500 to file is not unrealistic.
These are just a few of the reasons consumers prefer Franklin Debt Relief over bankruptcy. To learn more, call now at (800)-462-94-14
Or visit these resources to learn more:
Bankruptcy
- How Bankruptcy Works
- Read a brief description of how bankruptcy works.
- Bankruptcy Costs
- Read about what it costs to file bankruptcy.
- Bankruptcy & Your Credit
- Read about how & why bankruptcy is really bad for your credit.
- Bankruptcy Articles
- Check out all our articles on bankruptcy-related topics.
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