Debt Relief Lawyer in Westchester County
Serving the Southern & Eastern Districts of New York
When you feel like you are at the bottom of the barrel in regards to your debt situation, crawling out may seem like a monumental and impossible task. However, there are effective solutions you can follow to relieve yourself from this overwhelming debt. Opposed to having a "wait and see" attitude, we urge you to take action by calling on our firm to discuss potential debt relief strategies.
At Bronson Law Offices, P.C., our Westchester County attorneys can help you carefully and accurately analyze your financial situation. We are knowledgeable of various alternatives to bankruptcy and can help you determine the best course of action. Whether you are facing foreclosure or wage garnishment, trust in our firm for legal guidance with your debt.
Debt Relief Options
Our law firm can offer you invaluable advice and legal representation in various areas related to debt relief. We are highly experienced in this area and can point you in the right direction based on your particular financial circumstances.
We proudly offer high-quality legal counsel to help clients with the following areas of debt relief:
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
- Foreclosure defense
- Creditor harassment
- Stopping wage garnishments
Debt Negotiation Services We Offer
When a debtor owes a significant amount of unsecured debt, debt negotiation is an option to consider. This process involves negotiating with creditors to reduce or eliminate debt. Although you are not required to work with an attorney, it is highly recommended that you involve a legal professional to conduct these negotiations.
Settling your debts involves agreeing with your creditors to repay a percentage of your debts, rather than the entire amount. Unsecured debts, such as credit cards and medical bills, are eligible for debt settlement.
You may not think your creditors will agree to a debt settlement. However, creditors often prefer settlement over a debtor being forced into bankruptcy. In particular, Chapter 7 bankruptcy often means creditors lose out on all money you owe. With a debt settlement, creditor will still be able to get some portion of your debts to them.
With a debt consolidation, you can merge many of your smaller debts into one large loan. Having this one loan can result in better payment terms as well as reduce late penalties. Additionally, it may be easier for you to keep track of and repay the one loan.
Also known as a mortgage modification, a loan modification allows you to modify your home loan for more affordable payments. Through a modification, you can save your home from foreclosure while potentially saving money. You can reduce your balance, get payment extensions, lower your interest rate, and more.
Tax Debt Negotiation
If you have debts to the IRS, it is possible to negotiate this tax debt. You may qualify for an Offer in Compromise, allowing you to pay less than what you actually owe. Other tax negotiation options include IRS Installment Agreements and Innocent Spouse Relief.
Debt Relief vs. Debt Negotiation
Under most circumstances, you should avoid negotiating a settlement with your creditor. Bankruptcy is often a wiser option to avoid taking money from your savings, retirement, and 401k accounts. Instead, your credit card and other expenses can be dismissed without having to drain your savings. Debt negotiation is typically recommended in situations where a debtor owes a great deal of unsecured debt, such as credit cards or personal loans, when bankruptcy is too aggressive an action.
Our experienced lawyer possesses vast knowledge and insight on these topics and can provide accurate advice to determine the right approach based upon your particular situation. Not only that, we have the resources necessary to conduct more effective negotiations or even to take a case to court if necessary, such as in instances involving unlawful creditor harassment.
Helping Clients Overcome Debt & Move Forward with Their Lives
Start Your Debt-Free Future
You do not need to deal with the stress and frustration of excessive debt any longer. Depending on your unique case, we can provide you with the help you need to negotiate with your creditors to reach a low final payment. In addition to dealing with credit card debt, medical bills, and other unsecured debt, we can offer valuable information regarding tax negotiation, student loans, and child or spousal support.
We know that it may be embarrassing or frustrating to be in this situation. However, it can happen to anyone, including people who are extremely careful with their finances. When you meet with a lawyer at our firm, we give you the one-on-one attention and respect you deserve.
Amazing Legal Team
Attorney Bronson and his team are compassionate, professional and communicate in a way that makes any complicated legal process easy to understand.
Service Available in Spanish
Working with clients in the language that makes them feel the most comfortable.
Smoothly consulting and navigating clients through Bankruptcy, Debt Relief, Creditor Harassment, Foreclosure, or Tax issues.
Specializing in Businesses
Highly experienced in navigating the complicated process of Business Bankruptcy, Corporate Restructuring & Asset Protection.