Debt Settlement is a true alternative to bankruptcy and the Debt Settlement industry is very different in its scope of services than Credit Counseling or Debt Consolidation.

 

The Debt Settlement industry is one of the fastest growing segments of the financial services sector because of the many benefits afforded debtor clients not found with other options.

 

 

Legislation Information

 

The Uniform Debt-Management Services Act (UDMSA) is under consideration in a number of state legislatures and proposed for enactment in all 50 States.

   
   

**Note: Selecting the right cases to take on is an important component of a successful debt settlement practice, our members operate in all 50 States and 10 Provinces. Currently only 6 States have specific requirements for legal compliance. We provide our members with access to the most up to date information available regarding legal compliance in all 50 States and 10 Provinces.

   
 
Other Debt Settlement Industry Links
 
We support the fine ongoing work of the following two industry trade associations on the complicated issues of legislation and legal compliance.
   
United States Organizations for Bankruptcy Alternatives
   
   
The Association of Settlement Companies
   
   
Note: The IAPDA Certification training program complies fully with the accreditation training requirements for Debt Settlement practitioners as set out in the Uniform Debt-Management Services Act (UDMSA) - the proposed legistlation governing the Debt Settlement Industry in all 50 States.