Skilled Cherry Hill Lawyer Provides Debt Relief, Settlement and Consolidation Solutions for Clients throughout Camden County
Bankruptcy protection is often an excellent way to get out from under unmanageable debt, clear the financial slate and obtain a fresh start. However, before you make a final decision about filing for bankruptcy protection, it’s important to understand your options. You may be thinking, “Options? What options?”
Knowledgeable debt management lawyer Joel R. Spivack, Esq. has helped countless families in Cherry Hill, Mt. Laurel, Medford and throughout Camden County, NJ, get their financial houses in order through bankruptcy and alternatives to bankruptcy. He will explain your rights and options in a free consultation.
Experienced Bankruptcy Attorney Helps Clients Struggling with Debt in Medford, Moorestown and Mt. Laurel, New Jersey
Taking the non-bankruptcy route might be best for you and there are many possible alternatives to filing for Chapter 7 or Chapter 13. The decision to avoid bankruptcy may allow you to keep your possessions – your house and car, for example – and it may make rebuilding your credit faster and easier.
Debt Negotiation: When a creditor knows you are represented by a lawyer, it’s a sign that you are seriously looking to manage your debt. Further, the last thing an unsecured creditor wants is for you to file for bankruptcy; they will get nothing. When an experienced bankruptcy lawyer like Mr. Spivack contacts a creditor on your behalf, he can negotiate a payment plan you can live with. In turn, you can start getting your head above water without the harassing collection calls.
Debt Settlement: Piggy-backing on the “creditors hate bankruptcy” theme, they are often willing to settle debt for less than what is owed. Something is better than nothing, right? Mr. Spivack will negotiate with your creditors to get them to agree to a settlement plan in which you pay back a portion of what you owe with the agreement that the rest of the debt will be forgiven and your account will be marked “closed.”
Debt Consolidation: Simply put, when all of your debts (most or even some of them) are combined, you can pay back what you owe in smaller amounts over a longer period of time. To do this effectively, you will need to take out a loan at a low interest rate. Mr. Spivack can assist you with this process so you are able to successfully consolidate your debt and not get you into further hot water than you are today. In some cases, you can use your home as collateral and take out a low-interest home equity loan. You use the loan money to pay back your various debts (the ones with high interest rates!) and you make one payment going forward on the new loan.
Talk to a Knowledgeable Debt Relief Lawyer in South Jersey Today for Free
There are many debt settlement and negotiation companies that promise to rid you of your debt. Some may be legitimate, but at what cost? After paying for their services, you may not be in any better position financially. Further, in many cases, these companies are in business to get you to buy their services. They won’t be advising you about your best alternative – only the one they advocate.
Joel R. Spivack, Esq. brings more than 30 years of practicing bankruptcy law to the table. He can advise about the best course of action to manage your debt. He will assist with debt settlement, debt consolidation or restructuring, debt negotiation and, if necessary, bankruptcy. Contact his Cherry Hill, NJ, office today for a free consultation about your situation.