Is Bankruptcy the Answer?
Are you struggling to make your payments? Falling behind on your bills? Is your debt out of control? Are you in danger of losing your home? If you are at your wits end and don't know what to do a lawyer can offer sound advice and help you find the relief you deserve. If you are considering bankruptcy or debt settlement a good attorney can help you determine the best option for you.
Bankruptcy offers a fresh start and relief from the anxiety and frustration of overwhelming debt.
Once you have filed bankruptcy a creditor can never again contact you or make any attempt to collect the debt. In most cases you will be able to retain some or even all of your assets.
With a chapter 7 bankruptcy your debt is discharged and you are no longer liable. This type of bankruptcy can bring you immediate relief. Once the process has begun creditors can no longer contact you. In most cases the debt is discharged in 4 to 6 months.
With a Chapter 13 bankruptcy your debts are reorganized. Some debts may be negotiated and some may be discharged all together. You will pay the remaining debt off over time. Usually 3 to 5 years. Once the final payments are made the debt is permanently discharged.
If you are behind on your mortgage payments you are in danger of having your home foreclosed on. The foreclosure process usually takes four months. The lender probably started calling you within days of missing that first payment. The calls can stop immediately. Your home may even be saved from foreclosure.
Debt settlement is another option and may be a good choice for you. An attorney can negotiate your debt with the creditor. The amount you owe may be reduced significantly. Generally payments are made to a settlement account. Once the funds are available the first debt is negotiated and paid off. You will continue making payments to the account until there is enough money to pay the next creditor. You will continue like this until the last debt is negotiated and paid.
Searching for attorney Los Angeles? You can't go wrong with Wadhwani & Shandfeld. Wadhwani & Shandfeld offer 4 convenient locations in the Los Angeles area. Here you will find attorneys dedicated to helping clients find relief from overwhelming debt. These attorneys specialize in consumer affairs. With over 9,000 cases settled you will find the experience and expertise you deserve. Don't lose another minute of sleep. Put your problems in the hands of someone you can trust and depend on.