Debt can pile up due to a variety of reasons. Some people experience debt because of unexpected medical issues, credit card buildup, IRS taxes, personal or business loans, among other scenarios that can financially drain one’s savings. When you are unable to catch up on your debt payments, it can seem like a hopeless situation.
However, you are not alone, and there are debt relief solutions available to you. Your first step would be to contact an experienced bankruptcy attorney to discuss the various debt relief options that you have depending on your current financial situation.
One way in which you can seek debt relief is to file for bankruptcy. There are three common chapters that people typically will file under – Chapter 7, Chapter 13, and Chapter 11. Because it can be complicated and confusing to understand which chapter is best for you to file under, it is advised to consult with an experienced debt relief lawyer who can help you through the bankruptcy process to ensure you get the best debt relief solution for your financial situation.
Custom Debt Solutions
Another way to seek debt relief solutions is to have your bankruptcy lawyer negotiate with your creditors on your behalf. Negotiations with lenders can lead to better payment terms for the individual that has found themselves in a large amount of debt. It’s important to have a qualified debt relief attorney guiding you through this process because payment contracts and the language in the contracts can often become quite complex and difficult for the average individual to understand.
Contact Our Pinecrest Debt Lawyers Today
At Loan Lawyers, our Pinecrest debt attorneys are experienced and dedicated to helping our clients get out of debt. For more information on how we can help, contact us and request a consultation today.