Every adult should understand the basics of handling their income, especially if they take on the responsibility of a loan. It is nearly impossible to keep up with payments without creating a budget and sticking to it each month. Unfortunately, no matter how careful you are, unplanned circumstances can cause you to fall behind trying to pay for other expenses. Our bankruptcy attorneys are here to help by offering debt relief solutions that will help you take control of the situation.
We can help in many ways including:
A young adult that is constantly being offered new credit cards and loans can easily get in over their head. When it gets to a point that there is no way to live comfortably while make minimum payments using your current income, Chapter 7 bankruptcy might be the best solution. Although you will be required to give up certain valuable assets, it will pay off when you are given the chance to have a more fortunate future.
If you cannot live without your home or vehicle, there is a way to get back on track without giving up your belongings. Chapter 13 bankruptcy is used to consolidate debts and extend the contract terms so that you can continue making payments at a lower rate. As long as you have a steady job and the willingness to live on a strict budget, it is always possible to overcome the temporary struggle to get ahead.
A home loan agreement is one of the most important contracts that a person can enter into with a lending institution. If you know that you are going to miss a payment or it is already past due, the best thing to do it get in touch with an attorney. This professional can effectively negotiate a modification with the lender so that you have a chance of avoiding foreclosure with more reasonable payment terms.
Anyone that has ever rented or purchased a piece of property understands that the contracts are fairly complicated. If you intend to complete any sort of transaction with another entity, it is best to have an attorney oversee the entire process. You will find that it is beneficial to you and other individual to have someone to explain the contract, make changes, settle disputes, witness the signing, and basically help you handle all of the necessary steps to close the deal.
Our bankruptcy attorneys would be happy to provide guidance and help you with any financial situation that you find yourself in. All of our offices are listed here. Call us to schedule an appointment today.