Is Bankruptcy Your Only Option?
If you are like many people, you may have found yourself so far behind in loans and credit card debts that it seems as if filing bankruptcy is your only option. Yes, sometimes it is. Often, though, your creditors will welcome an opportunity to work with you to find affordable, common-sense ways to help you repay the money you owe.
Free Consultation • Reasonable Fees • Keep Your House and Car
CBG Law Group, PLLC, has a long history of helping people deal with their debt problems by finding the right alternative to Chapter 7 or Chapter 13 bankruptcy. Attorney Darrel Carter can help you understand your options and get the fresh start you need, without having a bankruptcy on your credit report.
Contact us to schedule a free consultation about our complete line of services. We promise to give you an honest evaluation of your debt problem and a clear explanation of bankruptcy and other debt relief options. There is a difference in bankruptcy lawyers. Let us put our experience to work for you.
If you think that bankruptcy is your only option, let us explain our services to help you find the most feasible and right alternative, including:
- Working with your creditors to lower interest rates and remove fees
- Developing a monthly repayment plan through a debt relief agency
- An honest evaluation of whether your mortgage is REALLY the right thing for your family
- Avoiding garnishments and judgments by working with the IRS and state tax authorities
What You Need to Know About Debt Relief Companies
Debt relief companies have begun springing up all over the country. Before you talk to one of them, here are some basic facts you should know:
- You will typically sign an agreement to send money into a special account.
- The amount you send them every month will be based on your total credit card debt
- The monthly amount into the special account may be the same or more than your monthly credit card bills
- The upfront fee to the debt relief company is often based on a percentage of the amount you owe to creditors and will come directly out of this special account
- The company may not begin negotiating for a reduced payoff to your creditors until your account has reached a predetermined amount
- The debt relief company generally cannot protect you from creditors or collections lawsuits while you are paying into your account
- The company generally cannot guarantee that they will be able to lower your total amount owed
- If you decide to stop paying into the special account before you have reached the set amount, the company will skim off its fees and return what remains of your money
- Many states have declared debt relief companies illegal, because they collect their service fees upfront, and make no promises of performing a service for the money they collect.
Before you talk to anyone about getting out of debt, talk to us. Contact us today. We represent clients throughout the Seattle, Washington, metro region.
