Debt relief is a plan of action that helps pay down debt in a timely fashion. Personal bankruptcy erases most debt but has a big impact on your credit and credit rating. Full bankruptcy is a last resort, while debt relief attempts to set up a plan in which creditors get paid back, and any legal or collection action is stopped.
Advantages of Debt Relief Over Bankruptcy
Debt relief can alleviate the pressures of debt without taking the step of declaring full bankruptcy. Debt relief allows you to set up payment plans to satisfy creditors and keep debt collectors off your back without filing for Chapter 7 bankruptcy. Our law offices advocate for you and set up a strategy that works for everybody. There are options before choosing bankruptcy.
Benefits of Debt Relief
Debt relief helps you pay off your debt with minimal impact on your credit rating and ability to get loans in the future. We work with you to eliminate your debt without seeking full bankruptcy protection. By setting up a debt relief plan with our help, you can resolve debt issues with a minimum of court appearances and the associated costs.
Chapter 13 Debt Relief
Filing Chapter 13 bankruptcy is a debt relief option. It is also called “Individual Debt Adjustment.” Chapter 13 sets up a structured payment plan to get collectors off your back and stop legal proceedings. You pay the debt back over 3-5 years. At that point, the remaining debt is discharged. This is the most structured debt relief plan.
Putting a Debt Relief Plan Together
You need to make the right choices when it comes to selecting a debt relief plan. At Perry O’Brian law offices, we understand the complicated code and important fine print of bankruptcy law.
Our years of experience benefit you as we help you choose the best course of action. With our help, you have a clear path out of debt and the peace of mind that comes with that.
Years of Experience Handling Debt Relief
We have over 36 years of experience putting together debt relief plans. We know the ins and outs of the debt system. We help you structure your debt relief for the best outcome. If we don’t think debt relief will work for you, we can recommend the next course of action to protect your assets.
Beware of Debt Relief Scams
Many loan consolidation and supposed debt relief companies are predatory. Do not fall for unrealistic promises from an unscrupulous agency. With Perry O’Brian, you get compassion, experience, and integrity. We provide honest advice without false promises. You can trust us to provide discreet and accurate assistance.