Deer Park Debt Relief Lawyer
Debt Relief through Bankruptcy
The sudden loss of a job, a costly medical emergency and many other circumstances can quickly lead to an out of control debt situation. You may have cut down your expenditures, tried to work within a budget and other measures but your debt problems are worsening. Who can you rely on for proven assistance during such a time? I am Dennis M. Slate, Attorney at Law and the attorneys at this firm have successfully provided relief for thousands who have come to us for help when debts threaten to overtake them. My firm has 29 years of experience in bankruptcy and related matters and stand ready to assist you and your family with real proven financial solutions.
A primary method of debt relief is through the filing and process of bankruptcy. Once a dedicated Deer Park bankruptcy attorney from my firm files your petition for bankruptcy, the stress of the situation can begin to lift. The bankruptcy court will issue an "automatic stay" which prevents your creditors from taking any further actions to collect from you. If you need to stop a foreclosure, wage garnishment, repossessions, debt lawsuit, freezing of a bank account or any form of creditor harassment, this occurs quickly after your petition is filed.
Chapter 7 or 13 Bankruptcies for Debt Relief
The fundamental purpose of any form of bankruptcy is to legally discharge your debts. This gives you the chance to start newly on your finances, without the burden of unpaid bills. Although Chapter 7 and Chapter 13 achieve this goal in different manners, they each have the same result. In Chapter 7, the courts allow you to discharged unsecured debts such as those from medical and credit card bills and personal loans. Chapter 13 utilizes a repayment plan that restructures your debt payments to make them manageable over an extended period of time, usually 3 to 5 years. Any debt that remains can be legally dissolved by the court.
Bankruptcy law states, "A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged. The discharge is a permanent order prohibiting the creditors of the debtor from taking any form of collection action on the discharged debt, including legal action and communication with the debtor, such as telephone calls, letters, and personal contact."
If you do not qualify for bankruptcy or it is not the best solution for you, my firm utilizes bankruptcy alternatives including debt settlement or consolidation, short sales, loan modification and deed in lieu of foreclosure towards bringing about the debt relief you need.
Are you in need of relief from your debts? Quickly contact a Deer Park debt relief lawyer to learn how bankruptcy can legally discharge monies you owe.