Need debt relief in Chicago?

Contact Our Experienced Lawyers for Immediate Help

If you are in trouble with debt, you need to seek relief. There are various options that could bring your debts under control, including filing for Chapter 7 or Chapter 13, but these are not the only alternatives. Our debt relief attorney, Joseph P. Doyle, assists our clients to determine the best solution for financial difficulties.

We can provide assistance regarding:

• Credit card debt
• Mortgage problems
• Foreclosure
• Repossessions
• Wage garnishment

Bankruptcy definitely is the most permanent solution, but some people may not choose this solution, or are not eligible as they have filed too recently in the past to qualify. Under these circumstances, there are alternatives that could allow you to get your debt under control and your life back on track.

Effective Debt Solutions: Negotiation & Consolidation in Chicago

One of the most effective ways to get debt problems under control is to have a Chicago debt collection attorney take over the process. Once you have a lawyer working for you to negotiate with your creditors, these creditors no longer have the right to contact you.

A debt negotiation can take place with your creditors, and a reasonable payment plan worked out. As many collection agencies have actually purchased the debt for just pennies on the dollar, a reasonable payment arrangement can be arranged with assistance from our professional debt relief and Chicago bankruptcy team.

We know how the process works, and as your debt lawyer, we can help you by taking on the creditors for you. In some cases, we discover that the collector does not have the correct paperwork or documentation and actually has no right to seek payment.

If your consumer rights have been violated, we could take legal action against that creditor, and they may be forced to pay you damages, as well as your legal fees. We would like to review your mortgage documents to help you determine if you have been a victim of illegal actions from your lender.

What Are the Differences Between Debt Relief and Debt Forgiveness?

Managing debt involves exploring options like debt relief and debt forgiveness, each with distinct implications.

• Debt Relief: This encompasses strategies like consolidation, management plans, and settlement. The aim is to restructure or renegotiate debt terms for better manageability.
• Debt Forgiveness: A more drastic measure, debt forgiveness involves a creditor erasing part or all of the debt, relieving the borrower from repayment obligations. It often comes with specific criteria, such as eligibility for government programs.

Key Differences:

1. Scope: Debt relief is a broad set of strategies, while debt forgiveness specifically erases debt.
2. Negotiation vs. Erasure: Relief involves negotiation; forgiveness erases debt.
3. Qualification Criteria: Debt forgiveness often has specific eligibility criteria.

Understanding these differences helps individuals choose the approach best suited to their financial circumstances, with professional advice recommended for informed decisions.

Find Out What Can Be Done for You

Debt consolidation is another option that could be beneficial, but may require taking out a loan to pay it off, and negotiating down the amount of the debt.

We can discuss all these debt relief options with you. It is almost certain that you can gain the most relief by filing for bankruptcy, as your debt can be discharged. This would mean you would no longer owe the debt, or have to deal with it again.

Dischargeable Debts: Find Relief from Creditors in Chicago

• Medical bills
• Utility bills
• Credit card bills
• Personal loans
• Other similar debts

Essentially, if the debt was not secured by collateral, it can usually be discharged. There are certain exceptions, and we should discuss your debt collection problem in person and provide defense if necessary.