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Debt Doctors, a company in Lafayette, Ind., closed last month and several former customers have said that their debts have not been paid. Some of the customers are now facing bankruptcy . “We don’t want to do something like that, but if it comes down to it, that’s what we’re going to do,” said Margie Engle to the Lafayette Journal and Courier about filing for bankruptcy. “[Creditors] call constantly. They want more than what we afford to give them.” Debt Doctors was backed by a $50,000 surety bond that could be used to repay customers, but the Indiana Department of Financial Institutions (DFI) would have to review and investigate all claims in order for customers to receive any form of reimbursement. Debt management companies often have poor reputations when it comes to customer service and are known to charge hidden fees. In 2006, the Better Business Bureau received 86 complaints nationally regarding debt settlement and management companies. Five years later, the number grew to 5,385. Kevin D. Judd Law Firm of Kevin D. Judd
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