Struggling with debt that you can no longer manage on your own can make you feel helpless and not sure where to turn to. On top of that, you may be facing ongoing harassment from creditors who keep sending you notices about the amount you need to pay. When you are overwhelmed with debt, you face a series of stressors — Endless calls from creditors and the knowledge that you do not have the ability to pay them. For a while you may be able to pull from one credit line to satisfy another, but ultimately you are stuck in the same cycle. If you have been in this situation, you may be down to your last options and are looking for a new way out. You are not alone. This scenario plays out in thousands of homes.
Collectors can make your life miserable. They are relentless and will continue to send you messages and calls despite the emotional strain and inconvenience it causes you. Debt collectors only care about you giving them the payment they need. How can you stop it? Before turning to solutions such as taking out a second mortgage or cashing in your retirement, you owe it to yourself to investigate what debt relief solutions are available for you. Doing the research and exploring what options are at your disposal is one of the first things you should do before resorting to more drastic actions.
You may have considered bankruptcy, but may have worries about how it will impact your life. Before you decide, make sure you get the facts about what it can and cannot do. Many people wrongly assume that filing for bankruptcy is the only real solution to bring them automatic financial relief. In many cases, people don’t explore other options deepter to see if they can move forward with an alternative debt relief plan. While bankruptcy is capable of providing you debt relief, it does have immediate consequences that can negatively impact you right away. It may be a good option for you, but other options may work as well.
We Can Help You Resolve Your Debt Problems
At The Law Offices of Ronald I. Chorches in Hartford, Connecticut, we have devoted our practice to debt relief for 25 years. Our attorneys understand the human problems that underlie debt, and we understand debt relief solutions. We know that no one is immune from experiencing some kind of struggle with debt. It can happen to anyone, often due to factors outside of a person’s control. When you come to us, you can expect to receive the best legal and financial advice that focuses on your specific dilemma. We seek to understand your situation so that we can develop an action plan with the right strategies in place. We are extremely knowledgeable about bankruptcy law and can help you by answering the big questions:
- Is bankruptcy the best way to deal with my credit card debt?
- Can you help me discharge my hospital bills or other medical debt?
- What if I owe a lot of money to the IRS?
- Is bankruptcy worth it?
- Will I irreparably ruin my credit and my reputation?
- Can I save my home through bankruptcy?
- How about my student loans? Can anything be done about those?
- How long will bankruptcy take? How much will it cost?
If any of these questions are going through your head, you can rely on us for urgent help. All of these questions and more can be answered if you meet with a bankruptcy lawyer. We have helped many clients over the years who have been dealing with a range of financial struggles. We have assisted clients consolidate their debt, set up a manageable repayment plan, and retain their home or property. Whatever your needs are, our team has the skills and knowledge to give you the support and guidance you need to arrive at the right outcome.
You may be wondering what alternatives to bankruptcy that you might be able to consider. Two common non-bankruptcy options that you can consider are debt settlement and debt consolidation. Debt settlement is done by wiping out eligible delinquent debt that you may have. A lump-sum payment is offered to the creditor so that a part of your debt can be forgiven. A lawyer can negotiate a repayment plan so that you are better able to manage your debt and make payments. Debt consolidation is when multiple types of debt are restructured so that you only need to make one payment. This allows you to have better control over your debt and makes it easier to keep track of.
Get In Touch With Us
There is no one-size-fits-all solutions to these questions. Everyone’s case is different and is shaped with a specific set of circumstances. Your situation is unique, and the answers to these questions will depend on many factors. To understand what options you are eligible for, you should schedule a consultation with a top lawyer who is familiar with debt relief alternatives. Talk to an experienced lawyer to get reliable answers for yourself.