WASHINGTON, D.C. - October 15, 2012 (www.investorideas.com newswire) More and more desperate consumers seeking a way out from under mountains of debt are turning to widely criticized and controversial "debt settlement" organizations even though there is little prospect that such schemes will work, according to a major consumer warning to be issued Wednesday (November 17, 2012) by the nonprofit National Association of Consumer Bankruptcy Attorneys (NACBA).
Based on input from its members of across the U.S., NACBA will label "debt settlement" schemes the #1 danger facing the pocketbooks of deeply indebted consumers in America. In its new consumer alert, NACBA will outline the scope of the "debt settlement" scheme threat and how Americans can avoid falling victim to it.
Speakers on the live, phone-based news event (with full Q&A) at 1:30 EDT on October 17, 2012 will be:
Durham, NC bankruptcy attorney Ed Boltz, NACBA Board member and incoming NACBA president;
Bankruptcy attorney Trisha Conner, a NACBA member from New Jersey who has testified on debt settlement issues;
Ellen Harnick, consumer advocate, Center for Responsible Lending; and
A debt settlement "victim" who will tell his personal story.
TO PARTICIPATE: You can join this phone-based news conference at 1:30 EDT Wednesday (October 17, 2012) by dialing 1 (800) 860-2442. Ask for the "debt settlement schemes" news event.
CAN'T PARTICIPATE: A streaming audio recording of the news event will be available on October 17, 2012 by 6 p.m. EDT at http://www.nacba.org.
The National Association of Consumer Bankruptcy Attorneys (http://www.nacba.org) is the only national organization dedicated to serving the needs of consumer bankruptcy attorneys and protecting the rights of consumer debtors in bankruptcy. Formed in 1992, NACBA now has more than 4,000 members located in all 50 states and Puerto Rico.
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