Debt SettlementWe are a bilingual firm passionate about helping our clients.
Debt Settlement Attorney in Cumming, GA
Serving North Georgia and the Greater Atlanta Area
Although it is sometimes necessary to file bankruptcy, it is quite possible that Bankruptcy is not the right solution for you. Perhaps you do not qualify for Chapter 7, or you do not want to make structured payments through a Chapter 13for 3 to 5 years. We strongly advocate debt negotiation as an alternative to Bankruptcy when possible and when needed. At the McCormick Firm, we are qualified and experienced in resolving debt without resorting to Bankruptcy. Our experienced attorneys can help you negotiate debt settlements with your creditors for all your debts including credit cards, personal loans, and medical bills.
How to Negotiate Your Debt Settlement
You start with a consultation. We review your finances to determine what is the best process for you. If you qualify for debt negotiation, your debts may be settled for less than what you currently owe. We work relentlessly to settle your debts to prevent garnishments, liens, and foreclosures.
Beware of Consumer Credit Counseling
Consumer Credit Counseling (CCC) are representatives who essentially create a budget for you to create a pay off on your debt through a payment plan. However, such payments are often higher than your current minimum payments and it takes only one creditor to reject the payment plan to sue you.
Beware of Debt Consolidation
Consolidation of your debts are similar to Consumer Credit Counseling, and often requires you paying a premium to the consolidation provider for their attempts to consolidate your debts. They can make no guarantees that all of your creditors will accept the offered payment and again, it takes only one creditor to reject the payment plan to sue you. Also, such programs often require the use of collateral, placing a lien on your property, and the use of a home equity loan. Such risks are not necessary. In fact, many such companies do not employ a single attorney and simply send letters to your creditors on your behalf which you could simply do yourself.
Restore Your Credit by Eliminating Your Debt
By negotiating your debt, you are able to begin to restore your credit score. We have the experience to sue creditors to force the removal of such effects and inaccuracies. By freeing yourself from debt and correcting the inaccuracies on your credit report, we can help you increase your credit score. We understand and know how to use the Fair Credit Reporting Act, Fair Debt Collection Practices Act, Fair Credit Billing Act, and Fair and Accurate Credit Transactions Act to your benefit.
Why Hire the McCormick Firm P.C.?
Our seasoned team will always protect your rights while using our large pool of resources and experience to help save your assets. Often mortgage companies and banks will try to violate your rights in an effort to take all that they can from you, which is why you need an aggressive bankruptcy law firm that has years of experience in dealing with the complexities of debtor and creditor law.
You will have peace of mind knowing that we are on your side throughout the debt relief or bankruptcy process. The McCormick Law Firm always takes the time to explain to new clients how bankruptcy works, and will always advise you on the best course of action to take based on your situation. We will dispel any myths that you may have about filing for Chapter 7 or Chapter 13 bankruptcy, and present you with facts and information that will help you decide on the best course of action to take.
What Happens to My Credit?Bankruptcy can damage your credit and subsequently your credit score. We all know that credit scores play a large part in our lives and have for some time, as they help determine how much we pay for our cars, houses and more. However, if your score has already been damaged, bankruptcy can be a great first step to rebuilding your credit.
How Will I Pay My Bills Going Forward?
The key to paying your bills in addition to getting the most out of your bankruptcy case is to form a stringent budget that you can follow reasonably. If you have filed for Chapter 13 bankruptcy, you need to have a budget to make sure that you are taking care of all of your required payments. If you file for Chapter 7 you will have your debts discharged, but only those debts that you had before the petition for Chapter 7 was filed. You will need a budget if you file for Chapter 7 to make sure that you won’t have to file again in the future. You should be able to consult with your Cumming Georgia bankruptcy attorney on this matter.
Will I Lose My Job if I File for Bankruptcy?
Filing for bankruptcy is information that the public can view. However, this information is not published in any newspapers or distributed at any stores. The only people that will know that you filed for bankruptcy is the trustee in your case, your creditors, and the people that you choose to tell. If your employer finds out about your case, it should not adversely affect your position or job. This may not be true if you work within the financial industry.