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Debt Settlement Lawyer Waterbury, CT

Home / Debt Settlement Lawyer Waterbury, CT

Debt Settlement Lawyer Waterbury, CT

Tax Debt Lawyer Hartford, CTWhen you are struggling with debt and want to learn more about debt settlement, call the debt settlement lawyer Waterbury, CT relies on from the Law Offices of Ronald I. Chorches. We have helped many clients who are under serious amounts of debt, so we understand the stress that you are likely feeling in your life right now when you want to figure out what you can do to get out of debt or at least relieve some of the debt. If you would like to learn more about debt settlement and speak with an attorney from our team, give our office a call. We want to help you as soon as possible. 

What does it mean to go through the process of debt settlement?

If you have not done this before, the process of debt settlement may sound too good to be true. During this process, you will pay off a significantly less amount of debt than what you actually owe. Thus, if you owe $20,000 in debt to a credit card company, you may settle your debt for $8,000. This means the other $12,000 in debt was “forgiven” and you do not need to pay it. 

Who is supposed to figure out the settlement?

When you want to settle your debt, your bankruptcy lawyer Waterbury, CT trusts will be the one to do this for you. Your attorney will begin the negotiation process with the other representative (typically this will be a creditor or some other type of collection agency). Your lawyer will work to bring down the amount of debt that you owe. 

That doesn’t make sense. Why would a creditor settle for a lower payment? 

A creditor knows that the higher up you get in debt, the less likely you are to pay it. You may think that there is no way you can get out of a debt you have owed for a year and you may be swimming in high interest rates. However, it is not in the creditor’s best interest for themself or their company to try and collect the entire amount owed since that will likely not happen. If you decided that bankruptcy is a better option, the creditor knows they will likely see close to nothing regarding the debt. Thus, it is better for them (and you) to come to an agreement regarding a more reasonable price you can pay. 

Call us today if you want to see how our Waterbury, Connecticut debt settlement lawyer can help you. 

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    Client Review

    “My wife and I came into see Ronald Chorches during the COVID 19 pandemic. He was attentive to our needs, understanding, and determined to ensure that our family would be able to overcome this adversity. From my family to yours, THANK YOU RON!.”
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    Office Locations

    Wethersfield Office

    82 Wolcott Hill Rd., Wethersfield, CT 06109

    860-563-3955


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    261 Bradley Street, Second Floor, New Haven, CT 06510

    203-494-1700


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    21 West Main Street, Waterbury, CT 06702

    203-494-1700


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    487 North Main Street, Winsted, CT 06098

    860-379-5962

    Also Serving Bridgeport CT, Hartford CT, Manchester CT, and all of Connecticut

    Resources
    • Asset Protection Lawyer New Haven, CT
    • Asset Protection Lawyer Wethersfield, CT
    • Bankruptcy Lawyer Manchester, CT
    • Bankruptcy Lawyer Waterbury, CT
    • Chapter 7 Bankruptcy Lawyer Waterbury, CT
    • Foreclosure Defense Hartford, CT
    • Foreclosure Lawyer Waterbury, CT
    • Foreclosure Lawyer New Haven, CT
    • Mortgage Modification Lawyer New Haven, CT
    • Small Business Bankruptcy Lawyer New Haven, CT
    • Tax Debt Lawyer Hartford, CT
    • Foreclosure Lawyer Hartford, CT
    Contact Info

    New Clients: 860-935-6391
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    Fax: 860-513-1577

    Our Attorneys
    • Ronald I. Chorches
    • Martin Chorches
    • Marjorie Gruszkiewicz
    Hours of Operations
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      • Home
      • Services
        • Bankruptcy Law
          • Chapter 7 Bankruptcy
          • Chapter 11 Bankruptcy
          • Chapter 13 Bankruptcy
          • Small Business Bankruptcy
          • Bankruptcy and Divorce
          • Bankruptcy FAQs
        • Non-Bankruptcy Options
          • Debt Relief
          • Debt Consolidation
        • Debt Relief Solutions
          • Credit Card Debt Relief
          • Student Loan Debt Relief
          • Medical Debt Relief
        • Discharged Taxes
        • Asset Protection
        • Preventing Home Foreclosure
          • Loan Modifications
          • Mediation Process
          • Waiting Time To Buy
          • Keeping Appliances
          • Selling Home Before
      • Reviews
      • Our Attorneys
        • Ronald I. Chorches
        • Martin Chorches
        • Marjorie Gruszkiewicz
      • Consultation
      • Articles
      • Contact Us