Helping Find Solutions to Manage Debt
Unfortunately, there are times in life when the unexpected happens, such as the loss of a job, injury from an accident, dissolution of marriage. These situations on their own can cause a lot of stress and frustration, but they can also make it difficult for you to keep up with payments on loans and other debts. You might find yourself struggling financially and at risk of adverse action being taken against you. Fortunately, there may be debt relief and forgiveness options available that can help you manage your financial obligations. Before deciding on a course of action to satisfy or eliminate your debts, speak with an experienced attorney.
At Tanis Schultz, our Grand Rapids debt relief lawyers have extensive experience and can help you understand your options. When you choose us for legal representation, we'll take the time to learn about your situation and help find ways to manage your debt. We understand that you might be feeling overwhelmed, which is why we will be by your side, providing one-on-one guidance every step of the way. Additionally, we will seek personalized solutions to help meet your specific needs.
To speak with us during a free consultation, call us at (616) 608-7149 today.
Types of Debt Relief Options
Often, when people hear debt relief, they think of filing for bankruptcy. Although that is one type of option to manage mounting debt, there are others. You could seek debt resettlement, refinancing, debt negotiations, and debt restructuring, among others. At Tanis Schultz, we will review the various options with you to determine which ones might be applicable to your specific situation. We'll also help you understand the pros and cons of each and how pursuing one may impact your financial obligations.
Our Grand Rapids debt relief attorneys can guide you through the processes of:
- Asset protection: If you have fallen behind in your payments, your creditors might foreclose on your home, repossess your car, or take the property you acquired with the loan in question. When you seek an asset protection option, you may be able to work out a plan with your creditors that will allow you to keep your property.
- Credit card relief: If you're having trouble making your credit card payments, you may have the option of entering into negotiations with your creditors to arrange a payment plan that will allow you to make partial payments or have some of your loan forgiven. Additionally, if your creditor is making harassing phone calls to collect on outstanding debt, you may be able to stop their constant contact by taking action under the Fair Debt Collection Practices Act.
- IRS relief: Owing the IRS money could result in various adverse consequences. The agency might put a lien on your property, which would allow them to seize your assets. Fortunately, you may have relief options, including an Offer in Compromise, Installment Agreement, or Currently Not Collectible status to protect your property.
- Loan modification: If you're struggling to make payments on your home loan, you may be able to make changes to your original contract, which could result in more affordable payments.
The debt relief options listed above are just a few that you might be able to pursue. Our Grand Rapids attorneys will thoroughly assess your specific situation and go over the solutions available for you.
Schedule Your Free Consultation Today
At Tanis Schultz, we understand that when you're struggling with debt, you might be dealing with creditors who are concerned only with their bottom line and not your circumstances. That is why our team is here to provide compassionate representation from the beginning of your case until its conclusion. When you choose us, we'll deal directly with your creditors, relieving you of some of the burdens and stresses you might be facing.
Allow us to help you seek debt relief solutions for your needs. Call us at (616) 608-7149 or contact us onlinetoday.
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