There are various proven legal options for debt reduction, including debt settlement and debt relief. And, an experienced debt relief attorney will know the best option under your specific circumstances, including Chapter 7 and Chapter 13 bankruptcy.
In our society, bankruptcy is often regarded as a last resort, a decision that will crush your creditworthiness in perpetuity. But this simply isn’t true.
Why You Should Consider All Avenues for Debt Reduction And High Credit Scores
Paradoxically, your FICO scores may in fact go up post-bankruptcy because of the reduction in your utilization. Credit card offers and car loans are actually available within weeks or months of a bankruptcy discharge and getting approved for a mortgage no longer takes years.
Bankruptcy is an important legal decision that is used by many people, but only with the benefit of experienced legal counsel. In certain circumstances, it is the appropriate method to a lasting financial future within increased credit scores and a healthy reduction in your overall household debt burden-all while preserving your savings and retirement portfolios that took decades of work to build and grow.
Learn All Your Debt Relief Options in Advance
At The Law Offices of Neil Crane, we offer true debt relief through proper consolidation, settlement or other legal options all customized to your particular needs. As experienced attorneys with over 35 years of knowledge, we can assist you in all types of debt relief and negotiations with your creditors.
We help our clients pursue many options designed to restore their financial health. These may include Chapter 7 bankruptcy, Chapter 13 bankruptcy, and foreclosure mediation. Regardless of the option you choose, we will make sure it’s the proper option for your problems and guide you through the process from beginning to end.
Benefits of Bankruptcy in Debt Relief and Credit Improvement
Through Chapter 7 bankruptcy, the reorganization, reduction or elimination of overwhelming debt and missed payments begins a new era of manageable debt, and good credit scores.
Chapter 11 bankruptcy allows business owners and professional practices to reorganize business liabilities and debts for proper payment treatment in order of their priority, while eliminating or reducing unsecured debts and protecting assets.
Chapter 13 allows debtors to restructure debt, to create Chapter 13 Plans with manageable and affordable three- to five-year repayment of existing arrears while eliminating or modifying non-priority secured and general unsecured debt.
Should I File Bankruptcy or Try Credit/Debt Management?
If you feel like you are drowning in debt, you are probably receiving many offers from debt management and credit consolidation companies promising to help you pay off or manage your debt. At first, their proposals and offers sound reasonable and appealing, but most of these programs don’t take the time to be sure that their plans will really work for your specific problems. They offer alternatives to bankruptcy under the guise of credit management, debt management or mortgage modification.
Never trust any management programs that don’t include extensive early budget review and an in-person free analysis.
There may very well be options available to you, but often these ubiquitous, impersonal companies from distant states do not have your best interests in mind. They do not take the time or effort to understand your budget in full, they don’t live in your community and they don’t meet you in person. These programs don’t take the time and resources necessary to customize a plan that might work for you. Many are out-of-state companies and Internet scams that actually make matters considerably worse by collecting your hard-earned money, and not paying your creditors. Many of these so-called solutions are not carefully thought out or properly based on the facts of your individual circumstances. The company selling the plan always benefits when you don’t.
At The Law Offices of Neil Crane, we help our clients throughout Connecticut avoid the myriad scams in credit consolidation and mortgage modification. Your problems and our solutions require a face-to-face meeting and work hard to guide our clients toward the best resolution for their particular needs, goals and personal situation. It cannot be overstated that it is in your best interest to consult with a highly qualified and experienced bankruptcy and debt relief lawyer before making decisions that will significantly impact your life and financial future.
Finding the Right Debt Solution for Your Budget
Debt negotiators and consolidators often prey upon people with money problems because that is how their own business is designed to make money. They are well aware of how trusting and vulnerable a person can be when suffocated by debt. For months, they may promise to negotiate down your debt, settle a small bill and continue charging you fees. In the end, you don’t have a full and successful resolution, and you’ve squandered your household money on an ineffective program or scam that plays on your hopes and fears
In many cases, not all bills are covered by the plan. Collection actions continue, harassing phone calls do not cease, and you continue to snowball deeper into debt. You end up paying monthly fees you can till afford, usually by the company’s direct deduction from your accounts. These monthly deductions often continue as creditors commence lawsuits against you here in Connecticut.
While true debt consolidation can be a very valuable alternative to bankruptcy, your case needs to be analyzed and crafted by a trained and insightful professional who possesses a full complement of experience, knowledge and skill coupled with an intimate in-person understanding of your special circumstances.
Our attorneys are well versed in all debt consolidation options as well as debt settlement. We take the time and interest to meet with you to explore all options for reaching a solid, long-term solution. Not a band-aid quick fix, but something that will help you thrive for the long-term.
We help our clients vet all available options thoroughly and make informed decisions for all the options that will best fit their budgets. We will advise and represent you while protecting your rights as a borrower, consumer and property owner in every way we can, analyzing debt relief options including:
- Debt consolidation
- Chapter 7 bankruptcy
- Chapter 11 bankruptcy
- Chapter 13 bankruptcy
- Foreclosure defense in Connecticut
- Foreclosure mediation
- Mortgage modification
- Second mortgage and lien removal
- Other debt settlement options
- Small-business bankruptcy
Bankruptcy may be a good option in the face of insurmountable debts. Nevertheless, creditor harassment is illegal based on numerous other laws and legal protections. Debt collectors and creditors aggressively pursue even the smallest debts that are past due. Sometimes, they harass consumers over just a few dollars in late fees.
There are many options for stopping creditor harassment and abuse. You can carefully examine and discuss these choices with a lawyer dedicated and experienced in consumer relief by calling an attorney at The Law Offices of Neil Crane. We don’t use a voice mail; you will have the chance to speak directly with an attorney experienced in protecting your rights against improper creditor practices.
We Stop Creditor Harassment
We help you weigh the consequences and the benefits equally in every form of debt relief. Our local attorneys help people from Stamford to Hamden to Hartford stop harassing phone calls, threats, deception, unfair debt collection practices and other violations of fair debt collection practices.
We fight creditor harassment and handle all communications with debt collectors and creditors once we represent you in legal action against them.
We are located right here in Connecticut. This means that you can talk with us face to face and really get to know your lawyer. You can stop by our comfortable law office, speaking directly with an attorney regarding important questions. Our clients always understand in advance how and why the plan we choose will work for them.