My law firm can provide you with experienced legal assistance for all of your debt related matters. Whether you need help fighting to get out of debt through consumer bankruptcy or you would like to settle your debt through negotiation, my law firm is ready to help you today. With nearly a decade of legal experience, I can provide assistance in the following areas of the law:
Chapter 7 Bankruptcy
For those who qualify for Chapter 7 after taking the means test most, if not all, of their debts may be completely dismissed. It is reserved for those families and individuals who simply do not make enough money to ever be able to make debt payments. There are certain debts that cannot be discharged under Chapter 7, including student loans, child or spousal support payments, any fines or penalties owed to government agencies, and other debts under American laws.
Chapter 13 Bankruptcy
Individuals considering filing must first complete a means test, which will determine their eligibility for either Chapter 7 or Chapter 13. In Chapter 13 cases, at least some or all of the individual’s debt must be repaid; however, they are placed on a more manageable payment plan. It eases the burden of having insurmountable amounts of money owed without a reasonable plan of attack on how to overcome it. These payments are typically quite affordable and lift the stressful weight on any financial situation.
Bankruptcy is not always a valid or appropriate option for every family experiencing significant debt. As an alternative, many people consider debt negotiation which can results in positive debt settlement. Creditors often are willing to consider creating an affordable payment plan and with the help of a knowledgeable attorney you may be able to get rid of late fees, minimize your interest rate and reduce the balance owed.
Pursuing debt settlement is often the most advantageous option for both the debtors and creditors. It not only allows for the lenders to receive more money than they would if you file under Chapter 7 or 13, it allows you as the borrower to feel some financial relief. By hiring a debt settlement lawyer to negotiate a payment plan, you can see your principle minimized by a huge amount. Always be sure to contact a qualified and knowledgeable attorney before considering this choice as they will be able to direct you if that is the most prosperous option.
Finding Relief from Debt
I know that bankruptcy, foreclosure, and creditor harassment are all matters that are difficult to cope with. My law firm wants to help ensure that you are provided with the legal resources you need to successfully overcome this difficult time in your life. Offering amicable solutions to your debt, it is my goal as a qualified Marietta bankruptcy attorney that you walk away with the positive results you deserve. Whether this is the correct option or another alternative is in your best interest, Cherney Law Firm LLC is pleased to assist you during this confusing time. Contact my office today for a free consultation!