There are several legal avenues for debt relief, but every situation is unique and should be fully evaluated with the help of an experienced attorney. Individuals facing significant financial constraints may be able to take advantage of bankruptcy alternatives, such as debt settlement or mortgage negotiation. Business owners may also have success with debt settlement, liquidating assets or working with us to negotiate down debt balances.
It is always better to seek these solutions with the guidance and representation of an experienced attorney. Bankruptcy filing is the only way to guarantee protection from creditors' collection efforts, and it is the only debt relief option that offers a fresh financial start once complete. Even if your business is no longer in operation, it is important to speak with an informative attorney before going down any other path.
You owe it to yourself and others who depend on you to resolve these matters in the most effective and safest way possible.
Will Filing For Bankruptcy Destroy Your Credit Or Your Company's Reputation?
It is true that your credit and reputation will likely experience some negative side effects initially. However, once your bankruptcy process is complete (before completion, in many cases), both your credit and reputation will heal, and your financial situation will be far stronger.
- Chapter 13 personal bankruptcy requires a three- to five-year debt restructuring and repayment process, which we will help you plan, but your credit and finances will see positive results much sooner.
- Chapter 7 personal bankruptcy and Chapter 11 business bankruptcy allow you to begin repairing your credit, reputation and financial health almost immediately.
Why Should You File For Bankruptcy Protection?
At Schwartz Law Firm LLC, our lawyers help individuals, families and businesses throughout Louisiana explore and implement the debt relief solutions that will be most effective in both the short and long term. We will help you understand your options and choose the solution that best suits your needs and goals.
Bankruptcy offers several unique advantages that allow for more immediate relief and federal court protections, including:
- Discharging all unsecured debts
- Restructuring secured debts into more affordable agreements
- Stopping all creditor lawsuits against you
- Removing levies on your accounts
- Removing liens on your property
- Preventing repossessions of property
- Stopping wage garnishments
- Stopping foreclosure
- Eliminating a second or third mortgage
- Eliminating some income tax debts that are at least three years old
Once we have helped you eliminate burdensome unsecured debts, removed liens and levies, and stopped wage garnishments, you will have substantially increased ability to afford renegotiated payments on debts that cannot be discharged.
You will need to pay the debts owed on property that you want to keep, but we can help you reduce interest and reconstruct payment plans to more affordable levels. In reality, your creditors do not want to see your business fail, and they do not want to repossess your property. They want to see you succeed, but they also want to see a commitment and a plan from you to become a valuable customer once again.
We Will Help You Restructure Your Finances And Secure Your Fresh Start
Our debt relief and bankruptcy attorneys will help you create a customized plan to regain financial stability. There are many moving parts in any debt relief process. Our goal is to help you get the protections and benefits that will help you achieve the most advantages possible. We strive to be cost-effective and help you position for success.
Please call our offices in Baton Rouge or Metairie at 504-266-0253 or toll free at 800-711-9366 to schedule a free initial consultation with one of our attorneys, or email us. We look forward to speaking with you.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.