Released on = March 9, 2006, 8:07 am

Press Release Author = InterSponse Networks

Industry = Consumer Services

Press Release Summary = Company provides online help through the maze created by new
bankruptcy laws, and assists consumers with mounting debts.

Press Release Body = Precept Financial, a leading debt restructuring firm, has
announced a new service to assist consumers in managing, reducing and eliminating
debt without bankruptcy.

\"New bankruptcy laws went into effect in October and last year\", says company
spokesperson Robert Coats, making it much tougher to negotiate and eliminate debt.
Our online service is designed to give a consumer fast, confidential and highly
professional assistance at a time most convenient to them.\"

\"The average consumer in a financial crisis will often times get more distraught
when they discover how the new bankruptcy laws adversely effect their goal of debt
relief or debt elimination. Many consumers are totally unaware that the new law;

- Makes finding a competent lawyer much harder because the new law could penalize
the lawyer for errors or oversights or intentional client omissions
- Makes getting a \"fresh start\" under Chapter 7 is now more difficult under the new
bankruptcy law.
- Requires you to go through a very stringent \"test\" to determine if you even
qualify for bankruptcy. This test is much more difficult under the new law.
- Uses the IRS code to determine what should be reasonable for you to pay for things
like housing, food and other necessary living expenses.
- Requires that you must have met with a credit counselor in the six month prior to
filing for bankruptcy

\"Here at Precept Financial, we take the mystery, humiliation and confusion out of
the debt process, and we use a method to reduce or eliminate debt without
bankruptcy. We have setup a live online service to help those with questions and
those in immediate need of debt relief. We have an online staff of courteous
professional experienced staff, and free evaluation can be performed in the
convenience and privacy of your home. With Precept\'s years of industry knowledge we
have successfully assisted people across America in becoming debt free by providing
them with proven strategies to help maintain long-term financial and lifestyle
security. Our certified debt arbitrators are experts at negotiating debt settlements
and can reduce your credit card debt for pennies on the dollar. \"

For more details about Precept Financial\'s new service, please call toll free at
1-800-584-0855 or visit their website at: http://www.preceptfinancial.com


Precept Financial is a member of the Greater Dallas Chamber or Commerce, the
American Bankers Association and International Association of Debt Arbitrators. The
main company site is located at http://www.preceptfinancial.com .
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