The attorneys we work with throughout the nation are dramatically reducing consumer debt by providing debtors with a non- formal chapter 13, which is an alternative to traditional debt settlement.
Los Angeles, CA (Vocus) July 29, 2010
Is debt settlement too good to be true? For cash strapped consumers and America’s jobless it is a promise from heaven. But does it really work?
For many struggling consumers across America the answer is simple. It does work. It has worked and with more stringent regulations being enforced; through the introduction of the Financial Reform Bill, and the recent Federal Trade Commission ruling, it will continue to provide many Americans in debt with a new start on the road to financial freedom.
Increasing numbers of consumer watchdogs, state attorneys general and federal consumer agencies are warning that debt settlement companies are not delivering.
Morgan Drexen, Inc. CEO Walter Ledda says, “ The attorneys we work with throughout the nation are dramatically reducing consumer debt by providing debtors with a non- formal chapter 13, which is an alternative to traditional debt settlement. Although I will admit that it is not a one size fits all solution. For many Americans their debt has simply raised to uncontrollable levels, therefore they are often forced to take more drastic measures.”
Morgan Drexen also provides automated integrated legal software to those attorneys, helping consumers avoid the adverse effects that are brought on by a formal bankruptcy.
Ledda admits there are many doubters as to whether debt settlement works. His involvement in this evolving alternative to debt settlement by providing legal automation systems he claims is highly successful.
Elizabeth Floyd from Illinois was $18,000 in debt when she contacted the Williamson Law Firm. Elizabeth worked in the property industry in Chicago. In recent years the hard hit industry, forced her to use three different credit cards to survive. “When the economy went bad the company I worked for started to go bankrupt because of lost business on a very large project, we had going on in New Orleans. Unfortunately the investors backed out. I was paid two months severance pay but my boss couldn’t pay me the $20,000 bonus that was promised.”
Despite being one of thousands of Americans subjected to foreclosure, Elizabeth wanted to clear her credit card debt. She contacted The Williamson Law Firm supported by Morgan Drexen's software. She was amazed at how helpful; they were. “Every time I called to make a payment or had a question about a payment or anything like that, everybody was very helpful. Even when I needed to decrease my monthly payment they worked with me on that.”
Elizabeth agrees that the software integration provided by Morgan Drexen made life simple. “I gave them my file number and they pulled up my account everything was noted and documented all the time. They were right on it, all the time.”
Ledda agrees, “Technology has changed our lives in many ways and Morgan Drexens automated legal software provides an economical platform; that allows attorneys to work closely with consumers. Elizabeth reduced debt is just one of thousands of settlements our software has helped to process for consumers facing financial difficulties.”
In a recent interview Elizabeth said, “I can cry right now because. I was just telling my sister, that I’m not in debt with my credit cards. I’m completely out of debt now.
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