Debt Relief Options in California
Get Counsel from a Torrance Debt Relief Lawyer
Dealing with enormous debt can seem hopeless at times, but it is important
to remember that there are ways of handling that debt. Need a debt relief
attorney in the Torrance area? At the
Law Offices of James C. Shields, we help people explore their debt relief options. We will thoroughly
review your situation to help you determine which option best suits your
needs. If you decide that
bankruptcy is the best option for you, we will help you through all stages of the
Chapter 7 or
Chapter 13 bankruptcy process.
Which Debt Relief Option Is Right for You?
At the California Law Offices of James C. Shields, we help clients in and
around Torrance to explore their debt relief options. If you are overwhelmed
with significant debt, you have a range of choices to consider:
Doing Nothing: Hiding out from creditors may work for a while, but they are persistent
and can catch up with you when you least suspect it. They can hit you with
foreclosure and repossession as well as
wage garnishment and bank levies and you may not even know it until your money or property
Paying Your Debts: Taking money from your savings or 401k is an option, as is borrowing from
friends or relatives. But, these options could leave you with little or
no assets and damaged personal relationships.
Debt Consolidation: This option is perhaps favorable for homeowners wishing to get a home
equity loan. However, consolidating credit card debt into another unsecured
loan is only exchanging one problem debt for another.
Credit Counseling: There are many credit-counseling companies who promise big results, deliver
little, and charge a hefty fee in the process. This option may be right
for some people, but we urge you to use caution.
Debt Negotiation: Creditors may be willing to strike a deal, offering to relieve your debt
for less than you owe. You may need significant cash on hand, however,
to take advantage of this bargain. This option also presents other legal
complications that an experienced debt relief lawyer can help you avoid.
Bankruptcy: Bankruptcy is a federal court process designed to help people who are
overwhelmed with debt. It stops creditors from taking drastic actions
against you and offers an opportunity to eliminate debt, or restructure
and reduce your debt through a manageable payment plan.
Our attorneys will carefully review your financial situation and listen
to your goals and concerns to help you decide how you want to deal with
your debts. We have a long track record of success helping people like
you eliminate their debt problems once and for all.
Free Consultation - Call a Bankruptcy Lawyer in Torrance
Need a debt relief lawyer in the South Bay? If you have questions about
bankruptcy, we are here for you.
Contact us today online or by telephone at (888) 910-6652 to schedule your
free initial consultation with an experienced bankruptcy lawyer. We are open on Saturdays and are
available before or after regular business hours by appointment. For your
convenience, we accept checks and debit cards as forms of payment.
We are a debt relief agency. We help people file for bankruptcy relief
under the Bankruptcy Code.