North Hollywood Debt Relief Attorney

Debt Relief Options

There are several options for debt relief. Some might suggest negotiating directly with creditors. A debtor may notify them of a significant life change, such as a sudden job loss, and negotiate a payment plan with willing creditors. However, not all creditors will welcome this option and may sue a debtor (and reap the benefits of a successful lawsuit as well).

Alternatively, some may recommend working with a debt settlement agency, which works with creditors for you and helps you create a debt management plan. These agencies often offer money management education, budget counseling, and debt counseling. However, these are for-profit companies whose fees could add to your debt load. They may help you communicate with creditors, but they do not offer legal services in the event of a lawsuit from creditors.

The strongest debt relief option is likely legal representation. Working with an experienced debt relief attorney can ensure that a debtor has all their bases covered – especially the legal bases that could otherwise lead to further complications. 

An attorney can help a debtor plan for the following:

• file Chapter 7 bankruptcy to discharge the debts;
• file Chapter 13 bankruptcy to develop a repayment plan;
• debt consolidation and debt settlement loans;
• protect assets and property.

Lawyers can be especially helpful for tax debt relief situations, as tax debt involves complex laws that only an attorney is as deeply familiar with. Their grasp of the federal tax code may prove invaluable in tax negotiations.

How We Can Help You Erase Your Debts and Preserve Your Property

At the Law Offices of Danny K. Agai, our guiding principle is to help clients out of difficult situations. You may be under an overwhelming amount of stress and financial insecurity, so having an experienced professional by your side will help to alleviate at least some of your concerns. As mentioned above, hiring a lawyer is your best debt relief option, as an attorney provides a necessary legal edge to combat any potential lawsuits while taking a more human-based approach by building a legal strategy around your personal goals.

We can help you save your home from foreclosure, explain which assets are exempt based on bankruptcy law, and help you determine high- and low-priority debts that are worth paying off or not worth considering. Our bankruptcy attorney is a well-rounded advocate with nearly a decade of experience in the debt relief sector. Whichever debt relief method you pursue with the guidance of Attorney Danny Agai, he can provide important legal information from his experience in bankruptcy, tax debt relief, and protection from creditor harassment. Whereas a debt settlement company might only offer specific services to develop a debt management plan, a debt relief lawyer can provide assistance in all areas of debt relief.