It isn’t easy to struggle from month to month trying to keep up with payments and still afford the household necessities when you fall behind. Unless you are expecting a miracle, you must take control of the situation with debt relief solutions before there are serious financial consequences. It may be a difficult decision that entails making personal sacrifices, but it will pay off in the long run to listen to the advice of an experienced bankruptcy attorney.
We can help in many ways including:
Learning to manage finances does not always come easy when there are so many lenders willing to provide you with loans. If you do get in over your head, the amounts you owe may end up costing more than the income that you’re pulling in. Rather than willingly struggle to get by, filing Chapter 7 bankruptcy will give you a chance to give up your valuable assets in exchange for starting over financially.
It’s normal to feel hesitant about giving up the things that mean the most to you, such as your home or only vehicle. The option of Chapter 13 bankruptcy allows for debt consolidation so that you can keep assets while continuing to pay your loans on easier terms. As long as you have enough income to work with, you have a chance to take control over your financial situation without starting over with nothing.
The majority of home loan lenders are willing to work with borrowers that show the consideration of reaching out when they’re unable to uphold their end of the agreement. Foreclosing is complicated, time consuming, and expensive to pursue so they typically use it as a last resort. If you cannot continue making payments according to the original agreement, an attorney will work with the lender to reach a new agreement that does not cause as much strain on your budget.
Legal documentation is necessary in all real estate transactions, even with something as simple as renting an apartment. Never enter into an agreement without first having an attorney explain the terms in detail so that you know exactly what you’re getting into. We specialize in all aspects of real estate law so that we can settle disputes, write contracts, close real estate transactions, and oversee many other situations.
Our bankruptcy attorneys offer many methods of ways you can reach us, so follow us on Facebook, fill out our contact form, or give us a call so that you can take advantage of experienced financial advice. It may not be too late to put yourself in a more favorable financial position, but you have to take the responsibility of making the first move.