Debt Restructuring Lawyer Waterbury, Connecticut
A debt restructuring lawyer Waterbury, CT relies on knows that for many people who are going through hardships, you may need to begin choosing which bills you pay and which bills you put off. The only problem with this is that once you start putting off bills, it can be easier and easier to not pay them. Typically, people who go into debt are well-meaning. They may have lost their job or gone through an illness that caused them to go into debt and have been unable to pay things off. We understand you want to get out of debt and start fresh again. Want to see how we can help you by restructuring your debt? Call The Law Offices of Ronald I. Chorches now.
How does debt restructuring work?
Our bankruptcy lawyer Waterbury, CT trusts knows that when you are looking to get out of debt, restructuring your debt may be the best way to go. You may be surprised to find out that certain creditors are willing to work with you when it comes to the debt you owe them by allowing restructuring of your debt. Some ways that restructuring can help you with a loan are:
- Reducing your current interest rate to something lower
- Reducing the overall remaining debt you have
- Creating smaller monthly payments by extending the length of your repayment plan
- Wiping out the debt you owe by adding it to your principal balance
We cannot guarantee that your debt will be restructured in this way, but these are possibilities that could help you greatly with the debt you owe.
What are the steps for restructuring debt?
When you come into our office, you may wonder what the process is for restructuring debt. Your attorney will speak with the lender to let them know you are experiencing financial hardship. They may go through a negotiation process to come to an agreement on how to restructure your debt and get rid of things like interest and create a lower payment amount.
Get Our Help Now
When you need to restructure your debt, don’t try to do this on your own. Instead, call The Law Offices of Ronald I. Chorches to speak with our Waterbury, Connecticut debt restructuring lawyer now.