It’s never easy to start out as a young adult having to learn about personal finances as you gain experience. A few unexpected expenses have the potential to create a serious struggle where you have no way to even make the minimum payments on your debts.
Your best option is to get the expert advice of our bankruptcy attorneys that have helped others regain control in similar negative situations.
We can help in many ways including:
You should never allow yourself to get too comfortable if you owe multiple accounts and seem to barely get by making minimum monthly payments. If you do not pay off debt accounts as quickly as possible, you are going to pay a lot more in interest fees and other penalties.
An unexpected medical expense, home repair, or job loss could cause you to have assets repossessed or wages garnished if you don’t make the right decisions. Discharging all debts and forfeiting nonexempt assets is a solution that can benefit you long-term if you decide to file Chapter 7 bankruptcy.
Some people do not qualify for Chapter 7, or they simply do not want to lose certain valuable assets that do not fall under an exemption. With enough income to continue making smaller payments, an attorney can negotiate extended terms for the current debt accounts so that monthly payments are lower.
It should ease the difficulty of staying ahead financially as you gradually resolve your accounts with any lenders.
Missing a single payment on a home loan can be very detrimental, but luckily you should have plenty of warning to make arrangements. If your financial situation suggests that the interest rate has increased beyond your means, or you do not have enough extra income to comply with the original agreement, the first thing you should do is speak to our attorneys.
By having a lawyer negotiate modified loan terms, it’s possible to avoid the process of foreclosure before it begins.
Understanding real estate transactions comes from years of education and real experience working within this type of industry. Luckily,our real estate attorneys can offer their insight when you are involved in the purchase or sale of property so that you reach a fair agreement.
Our lawyers can oversee the process to ensure that you fully understand the terms of your contract and have an unbiased mediator in the event of a dispute.
There are plenty of ways to reach out to our attorneys by calling 1-866-964-6529 or simply fill out our contact form if you need advice about bankruptcy or other debt solutions.