When you feel as if you’re living under a burden of debt, you may not realize you’ve got options. Debt settlement firms, credit counseling, and bankruptcy are all choices that can help you manage or even eliminate the debt that may be creating unnecessary stress or anxiety in your life.
Not all choices will be equally appropriate for your situation, which is why talking to an experienced Albuquerque bankruptcy attorney at Melwani Law can be such a positive step towards taking control of your financial future.
Credit counseling is an option intended to help people rearrange their debts. A repayment plan may be negotiated with creditors, and interest rates, penalties, and other fees may be reduced. Unfortunately, it will not stop collection activities, including lawsuits and garnishments. Credit counselors also may charge monthly fees, further adding to your debts.
Although it may feel like your debt is controlling your life, you don’t have to let it dictate your choices. Take control by talking to an ABQ bankruptcy lawyer at Melwani Law about how you may be able to end creditor harassment, eliminate debt, and move on with your life through your constitutional right to bankruptcy.
Call Melwani Law in Albuquerque at 505-323-5800 for your
free initial bankruptcy evaluation!
Credit counseling and other debt repayment services can be an expensive proposition, and they often don’t work. They may not be able to solve your debt problem, and they don’t include the protection of the courts.
Chapter 13 bankruptcy, on the other hand, allows you to repay your debt over several years, after which any remaining debt will be discharged. It can provide you with a financial fresh start and the protections of the U.S. Bankruptcy Court.
Because everyone’s situation is unique, contacting Melwani Law for a free initial consultation can help you receive the kind of personalized advice you need to make the best decisions about your financial future.