If your debts are piling up and you are worried you cannot catch up, you have come to the right place - We help people settle debt problems every day. Not only can we share all the options available to you, we can detail the pros and cons of each option and give you recommendations based on our years of experience in helping people facing similar financial issues.
We are conveniently located across the Tri-State area and welcome you to book your free consultation in any one of our nine office locations. Be proactive by reviewing the information below before you come in - We look forward to assisting you.
Steps You Can Take Now
Call Your Creditors
If you have only recently fallen behind on debt payments, call your creditors. Tell them the source of the problem (job loss, divorce, medical bills, etc.) and ask for forbearance. Suggest possible courses of action like:
- Temporarily reducing the size of each payment
- Skipping several payments and adding them to the end of the payment schedule
- Dropping late fees if you remain timely in the future
- Permanently adjusting the payment schedule to make it more affordable
Prioritize Your Debts
Some of your debts are likely secured by assets – a car is the collateral for your auto loan and a home secures your mortgage. If you want to keep those assets, you need to make those payments timely.
You should treat government debt like secured loans. If you don’t pay your taxes, domestic child support, or student loans, the government can take your tax refunds or garnish your wages with very little notice to you.
Talk to a Professional
Our experienced attorneys can make sure you're aware of all the options, as well as explaining the pros and cons of each option. We can also give you recommendations based upon years of practical experience helping people facing the same financial issues. The earlier you learn what steps to take, the more options you will have. Call us now.
Common Debt Problems
If you find yourself with any of the financial issues listed below, you can benefit from speaking to one of our experienced attorneys.
The more income and assets you have, the more likely a creditor is to pursue you in court. We can closely examine your case for possible defenses, such as improper service, identity theft, statute of limitations, disputed sum, unlicensed collector, lack of standing, and others. In many cases, the debt collector has made a mistake, and we can apply pressure to reach a favorable compromise.
If you find yourself in this position, you were likely sued and suffered a default judgment. Still, you have options. We can help you file paperwork that can make part of your income exempt, the underlying debt can be brought into question, and garnished wages can even be returned to you. There are a number of ways to do this, and our attorneys handle these cases on a regular basis.
Frozen bank account
If your bank account has been restrained due to an adverse judgment, it's possible that some or all of the funds are exempt from seizure. The following monies are exempt:
- 90% of wages or salary earned in the last 60 days
- Public or private pension payments
- Social Security and Veteran’s benefits
- Disability benefits
- Child and spousal support
- Worker’s compensation
- Public assistance and unemployment benefits
Debt Settlement Assistance
Your situation is not hopeless - Our experienced attorneys can examine your situation and help you explore your options.
Call 800-523-4762 or complete the response form on this website.
We also encourage you to view our "Personal Finance" blog posts for more helpful information. Just click any of the posts below.