They refer to these low-cost bankruptcy specialist firms as ""bankruptcy mills"" - you get the idea - and they provide standard revolving door service. These are enormous offices filled with bankruptcy petition writers and law students working in sweatshop conditions who, for a fee, will provide you with shoddy counsel on how to reorganize your finances, keep debt collectors at bay, and prevent the possibility of foreclosure. They'll send you plenty of unsolicited mail, and they've advertised everywhere. Some of these services are administered by law firms. You may be impressed by the law firm-like name on the door, but this department may actually be managed by a hundred overworked assistants under the direction of a disinterested attorney. The other type of bankruptcy mill does not refer to itself as a law firm, but rather as bankruptcy-petition preparers. These are individuals who once worked with or for a barrister and possess some level of experience. They operate from a storefront and are incredibly inexpensive.
So what occurs when you approach one of these individuals? How awful could it be? These practices can cost you your life savings, your property, and your chance for future happiness. You would have a hard time believing you were in the United States, a country where everything is supposed to be properly regulated, if you received poor information from these so-called bankruptcy mills. Consider the situation of three students in upstate New York who were burdened by a substantial amount of student loan debt. They believed they could approach a bankruptcy petition preparer in a storefront to file Chapter 7 and have their student loan forgiven. Obviously, this is not feasible, but the bankruptcy service took their money and informed them a few days later that the job had been completed. A couple of years later, collection agents began contacting, and this is now on their credit report.
We could continue, but bankruptcy firms have apparently taken offense to this. Given the volume they manage, a few errors here and there are to be expected, according to them. What do you do if you cannot afford a lawyer? You do need representation, don't you? The bankruptcy services state that they do not guarantee complete service for the $200 fee. You, the customer, are responsible for ensuring that all the t's and i's are crossed and dotted. But how can anyone justify spreading false information?
This reminds me of a voyage I once took to Mexico, where someone was selling sneakers for $1.50 per pair on the street. Obviously, this was remarkable, so I decided to investigate. They had hammered the soles to the uppers with nails, and the nails were visible on the insides of the shoes. When I inquired about the reasoning behind this, he responded, ""What did you expect for $1.50?"" Not, bloodied ankles, I'm sure.""
" - https://www.affordablecebu.com/
