It is easy to get into debt, but difficult to get out, especially when your debt has been accumulating for some time. To get out of debt, you may try these simple DIY strategies:
If your debt has become unmanageable and these strategies are not enough, you may have to consider debt settlement/debt relief services or even bankruptcy. Debt settlement companies offer to renegotiate, settle, or in some way change the terms of a person’s debt to a creditor or debt collector. There are many pitfalls with debt settlement and you may fall prey to some bad actors in the business. The Consumer Financial Protection Bureau provides some good advice and tips on using debt settlement services. You may also consult a bankruptcy lawyer first. Choose a law firm that is a debt relief agency as legally defined by Federal Law. Initial consultations are often free. Bankruptcy sounds like the end of the world, but it has its advantages. It could stop collection calls, lawsuits, wage garnishments, and it could erase debt. It also may help your credit scores in the long run. Most unsecured debt, including credit card debts, personal loans, lawsuit judgments, car loans can be wiped out or “discharged” in bankruptcy, but child support, tax debts, student loans and some other types of debts generally cannot. If bankruptcy is your best option, choose an experienced consumer bankruptcy attorney who can help you understand the information necessary to file for bankruptcy and avoid the dangers that can cost you property or money.
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You’re struggling under crushing debt and need relief. You have looked into some options including debt consolidation, debt settlement and bankruptcy. You decided that filing for bankruptcy is your best option – you get a fresh start and you might not even lose your home. But bankruptcy law is complicated. What you need now is to find a competent bankruptcy lawyer to get you out of debt. To find a bankruptcy lawyer, you may start with asking friends and relatives for referrals. Or you can do a Google search, visit websites like the American Bar Association (findlegalhelp.org), Avvo (avvo.com), Findlaw (findlaw.com) and Martindale-Hubbell (martindale.com). Choose lawyers who practice in bankruptcy. They will know the latest rulings and how those rulings apply to each individual. Belonging to the National Association of Consumer Bankruptcy Attorneys (nacba.org) is a good indication of an attorney who does bankruptcy work. You should also visit the state bar association’s website to check that the lawyer is licensed to practice in your state and that he or she does not have any complaints. Choose a bankruptcy lawyer who is not only competent but also compassionate and affordable. Many lawyers offer a free initial consultation. You can assess these criteria by calling them and asking these questions.
After the initial consultation, evaluate the lawyer according to these criteria:
It’s bad enough to be in a financial hole. Don’t allow your bankruptcy case to be mishandled by uncaring, incompetent legal help. Choose carefully and wisely! About Attorney Stephen Holmes Stephen Holmes, Esq. is a bankruptcy, real estate and business attorney. Based in Lowell, MA, his practice includes filing Chapter 7 bankruptcy, filing Chapter 13 bankruptcy, as well as residential conveyancing, real estate purchase & sale agreements, closings, forming business entities such as corporations, PCs, LLCs, non-profits and partnerships. Unlike large law firms, Attorney Holmes provides personal attention and quality service at a low cost. If you are struggling under an unmanageable debt load, Attorney Holmes offers a free in-person or phone consultation to help you determine whether bankruptcy is the right course for you. For an affordable local bankruptcy lawyer in the Lowell and Worcester area, call or text us now at 978-962-1140! |
AuthorAttorney Stephen Holmes is a bankruptcy, real estate and business formation attorney in Lowell, MA. ArchivesCategories
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