The Law Offices of Kenneth E. Lindauer
Call today for free initial consultation

Learning how to overcome debt with debt relief options

Dealing with financial problems is never easy, and for some Massachusetts residents, debt problems are unavoidable. Whether people are struggling financially because of a job loss, suffering from an illness or injury, are dealing with a struggling business, suffering the loss of a loved one or other difficult or unfortunate events, there are ways to tackle debt and regain control of their finances.

At the Law Offices of Kenneth E. Lindauer, our legal team is dedicated to helping our clients in the Salem area overcome their debt problems, helping navigate the best option to eliminate debt. For some, filing for bankruptcy is a viable and rational choice that meets the needs and goals of many debtors. However, we are aware of the various alternatives available, and our law firm ensures our clients obtain a full grasp of the person's situation and the various options available.

If bankruptcy is a person's choice, our experienced attorneys will go through the process with the person, explaining how it will impact the individual from the moment of filing for bankruptcy. For example, when a debtor files for bankruptcy, an automatic stay will take effect. This means that creditors must immediately stop any actions, such as foreclosure, repossession and garnishment and any collection proceedings against the person.

Depending on the type of debt you have, the amount of debt and what a person's end goals are, there are different types of bankruptcy filings a debtor could file. For example, a Chapter 7 is considered a debt elimination while a Chapter 13 is considered a debt reorganization.

To learn more, please visit our debt relief website. No debtor needs to live in financial hardship or fear entering debt relief options. While these steps are major and life impacting, debt relief options provide opportunities to avoid further financial hardship and regain control of one's finances.

No Comments

Leave a comment
Comment Information