This article provides you with three reasons why you should contact a Joliet bankruptcy attorney instead of a debt consolidation company. Read on to learn why your decision to contact a bankruptcy lawyer will be a smart one.
#1 A bankruptcy attorney can provide you with real relief when it comes to your outstanding financial obligations. Debt consolidations still leaves you on the hook for your debt. While your consolidator might get your debtors to settle for less money, you will still need to make monthly payments in retribution for your debts. What happens if you can not make these payments? You are going to end up filing for bankruptcy anyways.
#2 Bankruptcy attorneys are looking to put your needs first. They charge you a flat fee that will be disclosed at your free initial consultation. Once you make your payment they will work to get rid of your debt. Debt consolidators will keep a percentage of each and every payment that you make on your debt after they have negotiated with your debtors and lenders. They stand to profit from your financial situation for many years to come.
#3 An attorney knows all of the laws regarding bankruptcy and collection attempts. These are attorneys that went to law school and that passed a series of exams. People working for debt consolidation companies do not necessarily have any formal training and might not be familiar with all of the laws regarding collection attempts. Don’t you want to hire someone to help you with your debt that is familiar with all of the laws?
