What Is the Best Way to Settle Your Debt?

Unmanageable credit card payments and skyrocketing interest rates affect thousands of people throughout Dade County. It is easy to recognize when a financial crisis is seriously impacting your life, but it’s harder to determine how to proceed. Some people choose to do nothing and suffer the consequences. Others choose to seek the help of unregulated debt settlement companies.

These companies claim to be able to reduce your debt, when what they usually do is collect your payments into a war chest so they can offer debtors a lump sum. Other potential problems with debt settlement companies include:

• They may not be able to negotiate the best deal.
• Creditors can choose not to deal with the settlement companies.
• They are not regulated.
• There are many scams associated with debt settlement companies.

 

People who instead choose to work with an experienced and proven bankruptcy attorney have more dependable options. As your lawyers, we can put the weight of the courts behind your plan and immediately end collections calls, build a plan to eliminate dischargeable debt, and create a solution that protects you both now and in the future.

Unlike debt settlement, a Chapter 7 bankruptcy can eliminate debt without the need for repayment while also protecting the property and wealth that's most important to your family.