Henderson Debt Relief Lawyer

A large number of hard-working people face severe financial difficulties in this tough market. You, too, could be in a tough financial situation, with bills growing high and no means to pay. You may not be able to afford a mortgage repayment and are now facing foreclosure at home.

Fortunately, there is light. If you’re looking for debt relief in Henderson, our lawyers at Black Mountain Legal have supported several clients to get a new beginning. We have legal expertise and awareness to understand how stressful this time could be for you and your loved ones.

Our Henderson debt relief attorneys at Black Mountain Legal will guide you in matters of bankruptcy, foreclosure, and more. If you’re looking to start your debt relief path, it’s crucial to inform yourself about the multiple possibilities you may have.

Henderson Debt Relief Lawyers

If your debt is due to medical costs, employment loss, over-expenditure, or poor management of finances, it’s time for you to take it back. If your debt has been a loop of making minimum monthly payments and never going forward, it’s time to do something about your future.

Our Henderson Debt Relief Lawyers at Black Mountain Legal can help with many forms of consumer debt, such as hospital costs, credit card debt, payday loans, student loans, title loans, and signature loans. Although there are a lot of false claims out there, don’t get swept up in the rumors and myths.

Extremely overwhelming debt has an influence on the quality of your life. It can create pressure on your physical and mental health and can adversely affect your personal, family, and professional life. It’s potentially ruining your credit, and you can’t afford to put your future at risk. Whatever your financial objectives are and whatever your debt requires, our seasoned Henderson Debt Relief Lawyers at Black Mountain Legal will help you get a fresh start.

How Debt Can Be Settled?

A debt settlement, as the name implies, allows a debtor and creditor to reach an agreed-upon amount that, when paid by the debtor, will settle the debt for an amount less than would be required if the debtor were to repay the debt in full.

Contrary to popular belief, the vast majority of creditors will take less than what they are owed on many debts, particularly if a skilled lawyer is involved. When presented with an offer to pay off a portion of a debt in full, many banks and credit card companies will accept that offer.

At Black Mountain Legal, we help Henderson individuals get real debt relief through carefully negotiated settlements in cases involving:

  • Credit card debts and loans that you cannot afford to pay off
  • Unsecured loans from banks and finance companies
  • A bank or lender who is suing you over a second mortgage or home equity line of credit (HELOC)
  • IRS debt, which can sometimes be satisfied through Offers in Compromise that solve serious tax problems without repaying the full amount owed
  • Short sale, which is essentially a settlement of mortgage debt when a property is worth less than the best-selling price available

Creditors may be motivated to negotiate a debt settlement in order to avoid a scenario in which the debtor discharges the debt in bankruptcy and the creditor is left with nothing or very little. Despite the debtor’s potential ability to discharge the debt in bankruptcy, creditors are generally reluctant to settle a debt for significantly less than the full amount of the debt.

Preventing Scams and Incompetent Debt Relief Agencies

You may have heard advertisements from companies claiming they can consolidate your debt and settle your debts for pennies on the dollar. While settling your debts and consolidating debts are possible scenarios, frequently, these debt relief agencies are little more than scams.

Many debt relief agencies will advise you to cease all payments to creditors. Then, the agency will have you deposit certain amounts each month into an account for a period of up to 36 months. These payments can be onerous on the debtor and many will be unable to make payments for the duration of the program. Additionally, debt relief agencies often charge fees to manage these accounts, further straining the debtor’s already precarious financial situation.

Consulting with our Henderson Debt Relief Lawyer

Selecting the correct method of debt relief – whether bankruptcy or negotiating a debt settlement – has the potential to impact your financial future significantly. It is imperative that you weigh the pros and cons of each with an experienced attorney.

Attorneys have the distinct benefit of knowing the ins-and-outs of the laws surrounding debt and bankruptcy. An attorney will know what your creditors can and cannot do when it comes to collecting debts. Plus, an attorney will understand all of your rights as a consumer. To discuss your individual circumstances and determine which path is best for you, contact the Henderson bankruptcy attorneys at Black Mountain Legal.