There are options other than bankruptcy if you are struggling to pay your bills in a time of financial stress. In fact, other types of aid relief may be more advantageous. The right course of action will depend on the unique circumstances of your case. If you are in need of alternatives to bankruptcy here in Florida, contact us today to schedule a free consultation with a debt relief attorney at our firm to discover your personalized options.
At Florida Law Advisers, P.A., we strive to provide our clients with long term solutions, not just band-aids that do not solve your underlying debt problems. During our free initial consultation an attorney at our firm will carefully review the details of your case and describe all the different types of debt relief that may help solve your financial difficulties. A Florida bankruptcy might not be your only option, chances are there could be several alternatives. We will fully explain each debt relief option, including the advantages and drawbacks that may occur with each proposed course of action. At the end of the consultation, you should have a firm understanding of each option and be confident in deciding which course of action is best for your needs. Whether you decide to file for Chapter 7, Chapter 13, Chapter 11, seek other forms of debt relief, or do nothing and weather the storm, you will never be charged for the initial consultation and everything you discuss with us will remain confidential.
Consult a Debt Relief Law Firm in the Tampa Bay Area:
We understand these are very difficult times for you and we are here to help. At Florida Law Advisers, P.A., our professional legal team will work closely with you to develop a comprehensive legal strategy to help alleviate your financial stress. We are experienced in all bankruptcy and debt relief matters and are dedicated to helping our clients regain their financial health.
Our initial consultation is free and we offer flexible payment options to all of our clients. At Florida law Advisers, P.A., we want to provide you with solutions, not add to your financial burden. We accept many forms of payment and offer our bankruptcy clients the choice of either a low cost flat fee or low cost hourly fee for legal representation. Contact us today by phone, email, website form, or website chat to schedule your free consultation with a debt relief attorney at Florida Law Advisers, P.A., to discus your bankruptcy or the alternatives.
The loan modification process is very similar to out-of-court settlements, except that loan modifications are specifically for mortgages. Loan modifications can lower your principal balance, extend your repayment period, reduce your interest rate, and eliminate late fees. Loan modifications are valuable tools homeowners can use to avoid foreclosure and make their mortgage payment more affordable. However, getting a loan modification can be a very time consuming and frustrating process without competent legal representation.
Debt consolidation is the process of getting one large loan to pay for all of your outstanding debts. Debt consolidation is beneficial because the interest rate for the consolidation loan may be much lower than the interest rate you are currently paying on your debts. The consolidation loan may also extend the time you have to repay the debt, resulting in a lower monthly obligation. In addition, most borrowers prefer to have just one payment each month, rather than having multiple bills they need to worry about.
Out-of-Court Debt Settlements:
Out-of-court settlements are legally binding agreements between you and your creditors. An out-of-court settlement may allow you to reduce the total amount owed, extend the repayment period, and lower your monthly payment. In most cases, creditors are willing to negotiate because they would rather receive a smaller portion of what is owed instead of receiving nothing at all.
It is important to have legal representation when negotiating with creditors to prevent any unwanted consequences. Your creditors will likely have a team of attorneys working to protect their interests. You should have a skilled attorney on your side protecting your rights. In most cases, you will be required to sign a settlement agreement that can be difficult to understand and may have hidden penalties that only an experienced attorney can identify. By working with Florida Law Advisers, P.A., to negotiate an out-of-court, settlement you can be confident your rights are protected and you are getting a fair agreement.
Frequently Asked Questions
Bankruptcy is a great tool but is not right for every situation. The right course of action will depend on the unique circumstances of each individual case. There may be other options for debt relief that would better serve your needs. You should contact an attorney for advice on all the options that may be available.
Yes, under Florida law, an exemption for head-of-household will stop a wage garnishment. It is important to note, an exemption may stop the garnishment but will not discharge the debt. You should speak with an attorney to see if the exemption process is a viable alternative for your case.
Loan modifications can lower your principal balance, extend your repayment period, reduce your interest rate, and eliminate late fees. If you are facing foreclosure, a loan modification may prevent the foreclosure and allow you an opportunity to keep your home.
Debt consolidation is the process of getting one large loan to pay for all of your outstanding debts. Debt consolidation is beneficial because the interest rate for the consolidation loan may be much lower than the interest rate you are currently paying on your debts.