Morgan Drexen and the Emergency Direct Assistance Fund (EDAF) Help Consumers Avoid the Scar of Bankruptcy

ANAHEIM, Calif.--(Business Wire)--
"If you`re drowning in credit card debt, you could qualify for up to a $1,000
cash advance through the Emergency Direct Assistance Fund," says the voice on
the radio. It`s a compelling ad for cash-strapped Americans, many of whom are
facing tough financial times and continual pressure from unforgiving credit card
collectors. The offer may sound too good to be true; but according to Walter
Ledda, founder of Morgan Drexen, Inc. (www.morgandrexen.com), the Emergency
Direct Assistance Fund (EDAF) has become a lifeline that thousands of families
have used to help get out from under crushing credit card debt.

EDAF was conceived by Morgan Drexen as a hardship program to help consumers
settle credit card debt as quickly as possible. For those who qualify, the EDAF
cash advance is used to help jumpstart a settlement plan that leaves consumers
with less debt and a clear path to a new, debt-free life.

How does the EDAF advance help clients reverse their debt?

"Most consumers don`t understand that settling with credit card companies, even
if they could resolve their debt for pennies on the dollar, requires some cash
in hand," explains Ledda. "The Emergency Direct Assistance Fund advances
qualified consumers much needed cash, giving them a huge head start on building
a savings fund that will ultimately lower monthly payments, leave more money for
day-to-day essentials, help avoid bankruptcy and settle credit card debt for
substantially less than they now owe."

So why wouldn`t everyone facing a mountain of unsecured debt take advantage of
EDAF?

"Unfortunately, fly-by-night debt consolidators have muddied the waters," says
Ledda. "When families are desperate they can fall prey to unscrupulous plans
that do nothing to reduce long-term debt and often makes matters worse by
requiring large up-front fees that these families can`t afford. EDAF is quite
the opposite: offering a cash advance to settle debt and, therefore, help
families get their finances back on track."

By offering debt settlement services to local and regional law firms, Morgan
Drexen has helped to lower fees to consumers while making legal representation
available to those who often cannot afford it. With the addition of the
attorney-sponsored EDAF, consumers have a concrete way to get out from under
debt without resorting to bankruptcy.

"So many people think bankruptcy is a quick fix, when in reality, that
bankruptcy follows you forever," says Ledda. "In many cases, prospective
employers are hesitant to hire someone who has gone bankrupt. And believe me,
employers will check your credit history. Most Americans don`t understand the
full ramifications of going bankrupt. With the exception of extreme situations,
consumers should do whatever they can to avoid this devastating solution."

About Morgan Drexen

As the nation's first Internet-based provider of accounting, marketing, and
paraprofessional services to law firms - including analysis and administrative
assistance for debt settlements - Morgan Drexen, Inc., works with law firms
nationwide to substantially lower credit card and other unsecured debt, to
protect clients from threats and harassment, and to the help law firm`s clients
build a secure financial future. The company administers the Emergency Direct
Assistance Fund (EDAF) for the law firms. EDAF is a hardship program that
provides an interest-free, cost-free advance and quickly is gaining national
recognition by lawyers as a much needed lifeline for qualified clients who need
just a little assistance during their financial struggles in today's
unprecedented economic upheaval.

Morgan Drexen
Elizabeth Stone, 800.868.1458 x253
Fax: 877.533.6553
estone@mdrexen.com
Web Site: http://www.morgandrexen.com

Copyright Business Wire 2009