Montgomery County PA Debt Settlement Lawyers
The services of a debt settlement lawyer can be a boon to financially challenged individuals and families. Rather than choosing costlier options such as debt consolidation and credit repair, settlement lawyers work directly with individual creditors to negotiate repayment agreements that do less overall damage to the client's credit score. The costs of these legal services are generally very affordable, and they are usually favorable to the financial commitment required by alternative courses of action.
Most personal bankruptcy legislation in the U.S. is covered under Chapter 7 and Chapter 13 in Title 11 of the United States federal code. Under Chapter 7 laws, individuals can declare outright personal bankruptcy and freedom from the vast majority of money owed to financial institutions. However, alimony payments, child support payments and most back taxes and student loans must still be repaid.
Debt Settlement Lawyers Help Clients Regain Financial Stability
Debt settlement lawyers will usually encourage clients to file under Chapter 13 laws instead, if that's possible under the individual circumstances. Many Montgomery County, PA residents choose this course of action, designed specifically for individuals with secure incomes carrying heavy debt loads. The settlement lawyer works directly with the client's creditors to agree on a repayment amount and create a workable timetable for paying it back.
Serving Montgomery and Bucks Counties, PA, William D. Schroeder, Jr., Attorney at Law, has over 20 years' experience negotiating favorable outcomes to individual financial crises. His offices are located at 262-A Bethlehem Pike, Suite 102, Colmar, PA 18915, and can be reached by email at schroeder@JRlaw.org, by phone at (215) 822-2728 and via facsimile at (215) 712-9510.