We can provide you with the legal advisement you need to make sound decisions. While you may be an expert in your particular professional, the law can be complicated, and it is easy for even the most intelligent of people to make an inadvertent mistake. Not because you mean to put yourself or your family in jeopardy, but because simple mistakes can have legal consequence or set the stage for future lawsuits and court battles. For example, many business owners will sign contracts and loan agreements under their individual names instead of under the business name. If the business defaults, that one mistake could open the door for the other party to come after your personal assets. The same is true when signing any financial agreement or contract. The language in the document can be convoluted and confusing, but it can also put you at risk. For this reason, it is wise to consult with an attorney before agreeing to anything.
Seek Legal Advisement on Financial Matters
If you are in a situation where your finances feel out of control and you are having problems keeping up with your bills, calling a lawyer can be a wise idea. There are several ways to handle this situation, and we can help you determine which course of action is best for you. For example, if you have a block of cash from selling something or an inheritance, we can help negotiate with your creditors so they will accept a payoff amount less than the total you owe. This is one way to make your money stretch while trying to get out of debt. Simultaneously, if you are in a situation where you cannot afford your monthly payments, much less pay off your debts, we can work to negotiate with your creditors. They may accept a lower monthly payment knowing that it will keep you out of bankruptcy court.
At times, the best course of action is to file for bankruptcy. Even so, there is more than one type of bankruptcy to consider. You could file a chapter 13, or reorganization bankruptcy, or you could file a chapter 7 to try and wipe out your debts. With the latter, some of your assets may be sold or liquidated in order to repay a portion of what you owe. The remaining qualifying debts will be eliminated.
We can explore all these options with you and provide you with legal advisement regarding which route could be best for your family. Our goal is to help our clients reach a better financial situation, one that is sustainable now and in the future. When you come in for a consultation, we will want to learn more about your particular situation, your financial goals, your expectations, and where you want to be in the future. This information, along with your current monthly income and total debt load, can help us make a comprehensive recommendation regarding how to solve your financial challenges. To get started, schedule a consultation for legal advisement today.