Like a security blanket, we will take control of your debt resolution issues. We will contact your unsecured creditors to advise them that they should only communicate with our firm as your attorneys. In the event that any creditor or collection agency violates Federal laws in regard to their debt collection practices, we are prepared to fully represent you to protect your rights under the relevant collection laws.
We will analyze which debt resolution alternative makes the most sense for you and fully explain these options to you. In many situations, we will propose the option of debt negotiation or a financial workout plan that you can afford. We will review your individual circumstances and should we feel that you have made the wrong decision, our attorneys will get in touch with you to discuss other options.
If your circumstances change or a particular debt resolution plan does not meet your needs, we are prepared to discuss additional alternatives, including the discharge of your debt via Bankruptcy. You will never be without a viable alternative.
Chapter 7 bankruptcy may eliminate most kinds of unsecured debt. Some examples of unsecured debts Chapter 7 may eliminate are credit cards; medical bills; most personal loans; judgments resulting from car accidents; and deficiencies on repossessed vehicles.
Chapter 13 bankruptcy is an interest-free debt repayment plan through which you consolidate your debts and make a payment on your debt over a 3 to 5 year period. While in a Chapter 13 debt repayment plan, the creditors cannot collect from you, and the creditors are required by a Federal Court order to adhere to the terms of the plan.
For more information on Bankruptcy, visit www.legalhelpers.com
Consumer Credit Counseling
Consumer Credit Counseling is a form of debt repayment wherein the credit counseling agency contacts consumers’ creditors and works out a program to resolve their debt. Although it resembles debt settlement, instead of being funded by the consumer, consumer credit counseling agencies are funded by the creditors they are settling your debts with.
Consumer Credit Counseling agencies claim to be able to reduce a consumer’s debt by 50%, however, many proponents allege its actually closer to 10-20% in practice. Many Consumer Credit Counseling agencies have been successful in reducing the accruing interest and even stopping additional interest from accruing during the program