We offer bankruptcy legal services and do so to help our clients get out from under mountains of debt. Whether you got in over your head due to a job loss, medical emergency, divorce or some unforeseen circumstance, debt can build quickly. When it does, families that would otherwise pay their bills often find themselves choosing between whether to pay the car note or keep juggling credit cards. Once the debt collectors start making calls, this can create a toxic and stressful situation that can often be too much to handle. Fortunately, we can help
Debt Collectors – The Ugly Truth
They aren’t nice. Let’s face it, the banker that you got your car loan from may have been a saint. If you have stopped paying, there’s a good chance that the debt collectors have or will step in. These individuals are trained in how to extract money out of people that usually don’t have any. Through coercion and threats, they often get people to make a payment, at times to their detriment. A perfect example of this is someone that spends the grocery money paying a bill simply to make the phone stop ringing. If you have ever been in this situation, you can understand how incredibly stressful it can be to feel pushed into a corner with no way out. Some debt collectors have gotten so abusive in their practices that Preet Bharara, the U.S. Attorney of Manhattan said, that there is an investigation of “an absolute epidemic of abusive debt-collection practices”. This investigation currently involves the Federal Trade Commission, FBI, and the Consumer Financial Protection Bureau. In other words, if you are being harassed by debt collection agencies, you are not alone.
As a provider of bankruptcy legal services, we can help. If you are trying to stay afloat while dealing with debt collection calls, we recommend that you call our office right away. We can sit down with you, discuss your financial and debt situation, and then create a plan for how to move forward. There are two main types of bankruptcy that you can file – a Chapter 7 where the debt is wiped out or a Chapter 13 where you pay back a portion of what is owed over time. Both types of filings must be approved by the court, making hiring an attorney essential to your case. Simultaneously, once you have filed for bankruptcy, the debt collectors have to leave you alone. While going through the process, they will have the opportunity to make a case in court for why you should be forced to pay some or all of your debts. By going through the court system, they cannot go to you directly. Additionally, the judge’s ruling stands. That means that if the court approves your Chapter 7 or 13, your creditors must abide by the decision. This leaves them with no recourse to continue to pursue you, as long as you follow the judge’s orders.
If you are tired of the phone ringing and want to make it stop, engage our bankruptcy legal services so that you can stop getting those angry phone calls.
