Debt Relief Attorney
Debt Relief Attorney
Have your debts become unmanageable? If you are receiving collection notices and phone calls from collections agencies, and if you face increasingly higher fees for unpaid balances, a debt relief attorney can help. You may be considering debt consolidation, which many people think is their best option for resolving their high credit card balances and other consumer loans. The truth of the matter is that most debt consolidation companies are unscrupulous enterprises preying on the vulnerable when they are in dire straits.
Bill F. Payne, P.C. is a Dallas debt relief attorney with decades of experience helping with debt relief. If you and your family want to escape debt but you are unsure how to go about the process, contact the Law Offices of Bill F. Payne, P.C. today to schedule a free consultation.
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Why Hire an Attorney?
Debt settlement may seem straightforward at first; you owe a balance, and you agree to a repayment plan with a creditor. But if you fall behind on payments, the creditor has the right to seek a judgment against you and collect the full amount of the debt. Some creditors will sell off their bad debt to collection companies to recoup as much as they can without incurring the expense of tracking down debtors. These collection agencies then use their hard-core tactics to pursue payment. Some creditors pursue unpaid balances with aggressive litigation.
An attorney experienced in debt relief and bankruptcy can help consumers determine if bankruptcy is the right step, which form of bankruptcy is appropriate, what to expect during the process, and how this will affect their financial future. Working with a bankruptcy debt relief attorney offers the following:
- Reprieve from collections. If you choose to file bankruptcy, the court issues an automatic stay which forbids creditors from continuing collections efforts. The stay also stops most lawsuits.
- Settlement negotiation and debt restructuring. Your attorney will help you negotiate settlements with some creditors and discharge a portion of your debt after you complete a court approved payment plan.
- Avoid foreclosure and repossession. Depending on your income and court-approved payment plan, filing a Chapter 13 bankruptcy may allow you to avoid foreclosure and repossession.
- Tax advice. Bill F. Payne, P.C. is extensively experienced in tax-related legal issues and can offer guidance about how your debt settlement proceedings affect your tax obligation.
These are just a few ways bankruptcy with an experienced debt relief attorney can help. If you are concerned about collection notices or if a creditor has filed a lawsuit against your unpaid debt, contact the Law Offices of Bill F. Payne, P.C. today to schedule a free consultation. We can help you better understand your options for getting out of debt and provide professional, compassionate legal assistance through every step of the process.