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Home > Ask The Get Out of Debt Experts > The Debt Organization Took a Lot of Money From Me and Now I’m Filing Bankruptcy. Can I Get Any Back? – Susan

The Debt Organization Took a Lot of Money From Me and Now I’m Filing Bankruptcy. Can I Get Any Back? – Susan

“Dear Steve,

I was over my head in credit card debt and heard about this company on a local radio show. I notified this debt organization and they said they could help. I started with them in June 2008 up until March 2010. They withdrew monthly 1,000.00. So obviously I am out 18,000.00 and am now filing bankruptcy.

I want to know I guess there is no hope in claiming any of my lost money?

Susan”

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The Answer

Dear Susan,

At this point the bankruptcy attorney can claw back funds from the debt organization but those funds would most likely now go to your creditors.

Let your bankruptcy attorney know what happened.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

The Debt Organization Took a Lot of Money From Me and Now Im Filing Bankruptcy. Can I Get Any Back?   Susan
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Steve Rhode

    Who was the company?

  • Good2beout1

    I did the radio show recommendation also. The only advertiser this host stood behind. They took roughly 3500$ from me. Every phone call ended with a disclaimer. They guaranteed at least 50% off your debt bill. They pitched how they can’t really say but usually the dropped your sent to 35%. When they finally settled one, it was at 60%. I was happy to save anything, thinking they did something unique and special. Their response was that once I got sued and it got to the lawyers, the percentages changed. But wait, there’s a guarantee…..right? Uh, yea but only to try their best.
    I fired them. I called the credit card companies myself and settled at a better percentage than they got on a higher card. They aren’t special. You’re simply paying them to save you time.
    I’ve negotiated 2 additional cards on my own and I have 1 more to go that hasn’t contacted me yet. I’m more relaxed and I sleep regularly.

  • Good2beout1

    I did the radio show recommendation also. The only advertiser this host stood behind. They took roughly 3500$ from me. Every phone call ended with a disclaimer. They guaranteed at least 50% off your debt bill. They pitched how they can’t really say but usually the dropped your sent to 35%. When they finally settled one, it was at 60%. I was happy to save anything, thinking they did something unique and special. Their response was that once I got sued and it got to the lawyers, the percentages changed. But wait, there’s a guarantee…..right? Uh, yea but only to try their best.
    I fired them. I called the credit card companies myself and settled at a better percentage than they got on a higher card. They aren’t special. You’re simply paying them to save you time.
    I’ve negotiated 2 additional cards on my own and I have 1 more to go that hasn’t contacted me yet. I’m more relaxed and I sleep regularly.

    • http://GetOutOfDebt.org Steve Rhode

      Who was the company?

  • Damon Day

    What was the name of the debt relief organization?

  • http://DamonDay.com Damon Day

    What was the name of the debt relief organization?

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