Everyone is raised in a different financial situation, but it should be a high priority to enter adulthood with stability. Sometimes unfortunate situations cause us to fall into debt, even if we try to make all of the right choices with our money. If you are in a difficult circumstance that has caused creditors to start demanding payments and threatening to take action, the best place to turn for guidance is an attorney.
We can help in many ways including:
A single incident that you forget to make a payment is not a reason to consider throwing in the towel. However, if the situation has become hopeless to a point that multiple lenders are concerned with your ability to pay, Chapter 7 bankruptcy is worth considering. At the sacrifice of any non-exempt assets, you get the chance to have debts wiped clean so that you can start over from scratch.
It isn’t always an advisable choice to give up belongings that you have worked so hard to acquire, especially if you have enough income to handle a repayment plan. This scenario involves consolidating the debts you owe into a more reasonable bill that you are able to afford each month. The contractual terms of the accounts are typically extended as long as you can agree to making every single payment on time.
Changing the terms of a home loan is not a requirement that lenders have to agree with when requested. Although foreclosing can come at a significant loss to the lender, the best chance you have of reaching a new agreement is with an attorney negotiating on your behalf. There is no reason to handle the situation alone when it comes to a chance of being forced to vacate your home if you do not get back on track.
There are so many aspects of real estate law that can be overwhelming to anyone involved in a simple transaction. Real estate attorneys are the biggest assets when it comes to writing new contracts, deciphering current agreements, and settling disputes between buyers and sellers. No matter what type of scenario you are in involving property, it is always advisable to have a knowledgeable attorney present so that you are never at a disadvantage.
There are many ways to get in touch with our bankruptcy attorneys if you head over to our locations page and find the office nearest to you.