Recently, I met with a client who was feeling upset and disillusioned with the so-called debt relief services being provided by one well-known company. I'm sure you have seen the commercials and received junk mail from similar services that promise relief from your cumbersome debt by paying them a fraction of what you owe.
Clients who come in to Steidl and Steinberg with debt in tow will often say, "I know this doesn’t seem like a lot of debt compared to most of the clients you see.” The funny thing is I hear it from people with anywhere between $8,000 and $30,000 in debt. Or sometimes more. But what is the minimum amount of debt you are required to have in order to consider filing for bankruptcy?