Simply put, debt settlement is an agreement between a debtor and a creditor that reduces the overall amount of payment owed. Why would a creditor be willing to settle for less than what is due to them? Because if it's a question of receiving some of what's owed to them or none of what's owed to them, they'd much rather recoup what they can rather than lose it to bankruptcy.
Debt settlement can usually resolve most debts, including:
Though debt settlement can be accomplished without the assistance of a bankruptcy attorney, it rarely turns out well. Your smartest bet is to lean on the legal experience of someone who has both knowledge of the law and hands-on experience with debt settlement negotiations. Without understanding the legal rights of both debtors and creditors, it's very difficult to have any leverage at the negotiating table. Contact our Oakdale debt settlement lawyers to find out how we can help you.
We offer free initial case consults to clients. Call (651) 309-8180 to begin.
At Lamey Law Firm, P.A., individualized attention has been one our most defining characteristics. From beginning to end, you will work directly with the same bankruptcy lawyer. You won't be handed off to an assistant or paralegal. It's the only way we can ensure that every client receives the most exceptional service we can offer.
As part of our debt settlement services, we can:
To learn more about the debt settlement options available to you in Oakdale, we would love to speak with you in person or over the phone. At Lamey Law Firm P.A., your first consultation is free, and we're available to meet with you on evenings and weekends as well.
To get started, call us today at (651) 309-8180. Our firm is available to help clients throughout Lake Elmo, Pine Springs, Maplewood, Woodbury, Oak Park Heights, and more.