• How a Lawyer Can Help You Straighten Out Your Finances


    If your finances have gotten to the point where you can no longer pay all of your monthly bills, then you will need to take serious action. This means speaking to an attorney that understands the laws regarding bankruptcy and if applicable, the laws regarding home foreclosures or credit repair. It is also important for an attorney to understand the laws regarding consumer credit. Some attorneys will have their specialties, so it is important to inquire in advance depending upon what your requirements are. 

    Chapter 7 Bankruptcy

    If you qualify for this type of bankruptcy, most or all of your debts will be discharged, and you can start over again. This type of bankruptcy is often called a fresh start and may be what you need to straighten out your financial situation. Not everybody qualifies for this type bankruptcy, and not all debts can be discharged; this is why it is important to have an attorney. Bankruptcy many be what you need, but you also need a lawyer to navigate the path through the process. 

    Chapter 13 Bankruptcy 

    This type of bankruptcy can reduce some of your debt and organize the balance into a fixed payment plan. You make one payment each month, and all of your debt is covered by this payment. After all of the payments are made, you are debt free. An attorney can help you with a court approved repayment plan. 

    Foreclosure

    If your financial problem is the result of a problem mortgage, a lawyer can negotiate with the bank and make the process of selling your home much easier or perhaps even get a lender to change the terms of the mortgage through foreclosure. If this action is going to make a big difference in your finances, then let a lawyer do the work for you. 

    Credit repair

    Although there are many companies that claim to repair your credit, the most help you will get will be from an attorney. One of the reasons for this is that most of the bad marks on your credit report cannot be removed except by the company that put them there. The chance of you being able to persuade a company to do this is close to zero. The only person that will have the ear of a creditor is an attorney. Anything less than hiring an attorney is a waste of money. In fact, any time you negotiate through an attorney such as Lexington Law your chances of success are greater. 


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