How NJ Debt Settlement Attorneys Help
Many people face difficult financial situations. The reasons are many. Some are laid off due to no fault of their own, some see finances get away from them due to unforeseen circumstances (e.g. medical bills), other reasons can also be found.
Filing bankruptcy in New Jersey may be a solution for some situations. For others, it is simply not practicable. Managing debt is a formidable task. Repaying it in its entirety, in light of oppressive interest and other charges, can mean many years of repayment and less money available for other pursuits.
Fortunately, there are solutions available. To learn about these, contact us now for a debt consultation. We are NJ Debt settlement lawyers – specialists- and can lay out available options to debtors. Debt settlement is one such option.
NJ Debt Settlement Attorney Process
As part of our consultations, we:
- Review your current financial situation, including your income, assets and debts.
- Review your current budget needs so we can see what you can afford.
- Analyze the amount and terms of your unsecured debt.
- If you have the financial means to settle certain debts, and NJ bankruptcy Chapter 7 or Chapter 13 are not viable alternatives, we will use our experience and expertise to reach out to your creditors, informing them we have been retained as counsel and instruct that all future correspondence be directed to our office.
- Establish a dialog with your creditors and negotiate an appropriate settlement for your situation.
- Will help you set up a savings plan to acquire the settlement amount.
With hard work and a little luck your debts will become manageable, your life less stressful and credit rating on the rise. The whole process can take as little as six months but could take a few years to complete. We walk you through every step of the way.
Why Hire a NJ Debt and Bankruptcy Lawyer?
The most obvious reason – we are a law firm. We are experienced in this field and are able to help our clients manage their debts. The goal is to eliminate debts altogether or negotiate them down so that the client will pay only a fraction of what is owed.
The Difference is Real
You may have seen debt settlement services on television. Most of these services are done by non-lawyers. Once retained, the shortcomings of these enterprises unfortunately become apparent.
The first shortcoming is that debt settlement firms cannot represent you in court. Once a lawsuit is filed, you are in litigation. Non-lawyers cannot represent your interests at that stage. You can either represent yourself “pro bono” or you will hire an attorney to represent you.
Second, some creditors will not negotiate with non-lawyers even before a complaint is filed. So while these debt settlement services might be successful is settling some of your debts, most likely they will not be able to settle ALL of the debts.
Hiring a debt settlement service may be a fit for some people, but why take a chance? The Coppola Law Group can work with all your creditors, pre-suit or after legal action has commenced.
How Do You Start with a NJ Debt Settlement Lawyer?
Call us now for a free debt consultation. We are a low pressure operation. If it makes sense to retain us, you will make that decision. Either way, you will have a better grasp of both your financial situation and the options available to you. If you or a loved one is stressed out about the amount of your debts, please give us a call, obligation FREE – (732) 722-7690. We are here to help, and are at your service. Call today!