chapter 7 bankruptcy

Bankruptcy Lawyers Near Me
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If you are behind on your debt, you may have been told that a debt settlement could be an option. Debt settlements are when a creditor is willing to settle your debt for less than is actually owed. For example, if you owe $10,000 in credit card debt that is way past due, the credit card company may accept a one-time payment of $7500 as ‘payment in full.’

On the surface, this certainly sounds like a great option. You can save a lot of money, and get your debts paid off quickly. And, in some cases it can actually be a good strategy for getting out of debt more quickly. Having a fuller understanding of how this type of thing works, and what potential issues with it there may be, is an important step in deciding if it is right for you.

If you have a large debt that is six or more months behind, your creditors may be willing to consider a debt settlement in NYC, Brooklyn, or the surrounding area. In most cases, this is really only an option on higher balance credit card debt and other unsecured debts. The biggest problem with debt settlements is that it requires you to have a large sum of money available to make the payoff amount.

If you owe $25,000 and the creditor says they will accept $10,000, it may seem like a perfect option. If you don’t have $10,000 laying around to pay the money, however, it isn’t even an option. Since most people with large sums of money sitting in an account aren’t behind on their bills, this is rarely a realistic option. The one exception could be if you suddenly came into a large sum of money from an inheritance or other one-time event. When this is the case, debt settlements can be a reasonable option to consider.

Business Phone Number: (646) 630-9043
Business Address: 220 W Fourth St
Credit Card Debt Relief
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Mon – Fri 8.30 a.m – 7 p.m Sat 9 a.m – 3 p.m

Cash, check, all cc

Debt Relief Programs in NYC. There are many debt relief programs available for people in NYC. Knowing what option to go with when you are in debt can be quite difficult. Sadly, not all debt relief programs are effective, and some of them may actually cause you more problems than anything. Learning more about what types of debt relief programs are available is a great way to start, and discover which one will be the most effective for you and your family. In many cases, working with us to actually get rid of your debt and push the credit card companies and banks out of your life once and for all is the best option.

Do Debt Relief Programs Save Money. Most people think that participating in a debt relief program will help to save them money each month. While there are quite a few different types of programs out there, most of them will actually charge you a monthly fee to be part of the program. This means your total monthly expenses will actually go up each month. Some programs are run by charities, and in that case, the monthly expenses would likely remain the same as it would be if you weren’t in the program at all.

What do Debt Relief Programs Do. If these programs don’t reduce your monthly payments, you might be wondering what they the benefit of these programs may be. In most cases, the only real benefit of the programs is that you won’t have to be making the payments yourself. Instead, the program will take control of your paychecks, and distribute the money out to your creditors on your behalf. This can be convenient in many cases, but it certainly isn’t a good option for those who are trying to get out of debt. In fact, these programs really seem more like something someone with extra money would sign up for in order to eliminate the need to send out payments each month.

Business Phone Number: (646) 630-9625
Business Address: 284 5th Av?nue New York, NY 10001
Declaring Personal Bankruptcy
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Chapter 7 Bankruptcy is the most common form of bankruptcy that individuals prefer to file with our office, if they qualify. In most cases, you would be entitled to keep your home, your car and your salary, while at the same time getting rid of all that credit card debt without having to pay any of it back.

Getting into debt and other financial trouble is far too easy to do. Whether it happened because of a divorce, job loss, unexpected medical expenses, credit cards, or anything else, it can feel like a trap from which there is no escape. The sad reality is that if you only make the minimum payments on your debt (if you can even afford that) it will take you years, if not decades, to finally get everything paid off, and that is assuming there are no more unexpected issues. For many people in NYC, a Chapter 7 bankruptcy is a much more realistic and reasonable solution to debt problems.

When people hear about bankruptcy, they often assume it is a bad idea, or something that should only be considered as an absolute last resort. The fact is, other options are often either unreasonable, or don’t actually work. For example, debt forgiveness plans and debt consolidation options sound great on the surface, but almost never work for real people. Just working hard and paying down your debt may be an option if you can significantly increase your earnings and avoid unexpected expenses, but since this isn’t a perfect world, it is unreasonable to think that is going to happen in many cases. Chapter 7 bankruptcy, however, is available to most people with financial troubles, and is a proven legal option that can wipe your slate clean so you can start over.

Business Phone Number: (646) 630-9970
Business Address: 446-448 W 167th St New York, NY 10032
Karina Lucid Law
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Short Business Description: We help individuals and small businesses obtain relief from their financial burdens through bankruptcy.
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Karina Lucid is an professional mediator and experienced bankruptcy lawyer in New Jersey. She handles every case with respect, compassion, care and also insure individual needs of her clients. Call us at (908) 350-7505.

Business Phone Number: 9083507505
Business Address: 3640 Valley Road, Suite 2A PO Box 230 Liberty Corner, New Jersey
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Thomas E McIntire & Associates, LC
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Short Business Description: Thomas E. McIntire & Associates, LC, can provide you with the assistance you need to become debt-free.
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We devote extensive attention, time and energy, to individuals who are pursuing Chapter 7 or Chapter 13 bankruptcy. For nearly 30 years, we have been helping people who are faced with complex debt matters. Call our West Virginia bankruptcy lawyers at 304-232-8600.

Business Phone Number: (304)232-8600
Business Address: 82 1/2 14th St, Wheeling, WV 26003