relief is used to consolidate your credit card debt and loans into a monthly
payment you can afford. A debt attorney will contact your loan and credit
card companies in hope to restructure your debt. Debt relief may allow you
to repay less with lower monthly payments and possibly get out of debt quicker.
It is not recommended to attempt to do any type of debt relief on your own.
Debt relief should always be done by a debt attorney. The purpose of debt
relief to arrange payments you can afford over the next 3 to 5 years to repay
your debt. Make sure you choose a reputable debt attorney to handle your debt
relief. There should always be more than one solution to your debt problems,
so if you are only offered on solution keep looking. It’s best to do
a little research about any debt attorney you may use. Check with the better
business bureau to see if they are any complaints against them and find out
how long they have been in business. You don’t want to leave something
as important as your debt to one of the many of the fly by night companies
offering debt relief services. You need to feel comfortable and confident
that the debt attorney you choose has your best interest in mind. When it
comes to bankruptcy, filing for bankruptcy is a serious and sometimes complicated
matter and could affect your life for years to come. This is why you should
consult an experienced bankruptcy attorney before the bankruptcy process begins.
Retaining a bankruptcy attorney at the very beginning, when possible problems
start to arise, is your best solution to obtaining the best possible results.
There are several types of bankruptcy. A chapter 7 bankruptcy can leave you
with a nearly clean financial slate, but can it be very complicated process.
A Chapter 7 bankruptcy requires a significant amount of paperwork and other
requirements before the court will consider discharging your debts. A chapter
13 bankruptcy, restructures your debt in a way that makes it possible to repay
all or part of their debts. Depending on the debtor’s income, a payment
plan can be set up to make installments to creditors over three to five years
to eliminate the debt. During this payment plan time, a creditor is for bided
from starting or continuing collection efforts. A chapter 13 bankruptcy is
easier to complete than a chapter 7 and is used more often by debtors. It
is essential to have a skilled bankruptcy attorney evaluate whether Chapter
7 or a chapter 13 bankruptcy is right for you and guide you through the process.
Stop by our office for a consultation and see how our bankruptcy attorney
can assist you in making sure that the results of your bankruptcy are in your