Why choose LPG to handle your debt collection?
Our clients feel at ease knowing that they can rely on us to handle their cases, whether they are simple or complicated. At LPG, our experts in the Fair Debt Collection Practices Act (FDCPA) offer just the protection that consumers need when they face debt collection efforts by original creditors or third-party collectors. might work well for you.
Can I avoid bankruptcy if I have LPG debt?
In some cases bankruptcy may be an option but there are many alternatives the LPG debt settlement legal team can provide you in many circumstances to avoid the BK and minimize or settle your debt. Can I avoid paying irs income taxes if I file for bankruptcy?
Why choose Litigation Practice Group?
I have been using Litigation Practice Group for a couple of years now. They have helped my family on multiple occasions and have a wide range of practices they can assist with. I really appreciate all the help and support you have provided my family!
What is Debt Relief?
Debt relief refers to a process of restructuring your unsecured debt, at the end of which you make a lump sum payment that is lower than the amount you actually owe. It involves taking your existing financial situation in your account and then negotiating with your lender.
What is Bankruptcy?
The U.S. constitution gives you the ability to seek relief from all or part of your debt in case you cannot repay it by filing for bankruptcy. The two main types of personal bankruptcies that apply to individuals include Chapter 7 and Chapter 13.
What Are the Pros and Cons of Bankruptcy?
Bankruptcy might seem like a quick and easy way to get rid of all your debt at the same time. However, you need to understand that people usually turn to bankruptcy as a last resort. This is because of the long-term effect that comes with the process. If you file for bankruptcy, its mention will remain in your credit reports for 7 to 10 years.
Is Debt Relief Better Than Bankruptcy?
Going the bankruptcy way requires a court filing, whereas debt relief does not. In addition, the effect that bankruptcy has on your creditworthiness is significantly more damaging than that of debt relief. Lenders are often willing to settle for less than what is owed because they know they’ll lose way more if borrowers file for bankruptcy.
Do You Qualify for Bankruptcy?
Qualifying for Chapter 7 bankruptcy requires that you pass a means test. This is to ensure that your income is lesser than your state’s median income based on your family size. Next, you have to receive counseling through a government-approved credit counseling agency. People who do not pass the means test have the option of filing for Chapter 13.
Conclusion
Going through financial hardship can be challenging, all the more so when you have to deal with surmounting debt. If you are having trouble in keeping up with your repayments, consider taking action before you start falling behind.
What happens if a debt collector asks for your social security number?
If a debt collector asks you for any of this information, view it as a red flag. This is because it might be an attempt at phishing, which may lead to fraud and even identity theft.
Can a debt collector see if you have no recollection?
If a debt collector contacts you about a debt that you have no recollection of, or if you don’t recognize the creditor, it’s reason enough to be wary. In any such scenario, you have the right to request for proof of the debt in the form of debt validation before having to make any payment. You can also look for the debt in question by going through your credit report. However, credit-related entries older than seven years are typically wiped clean.
Do scam collectors make you pay your debt?
It is common for genuine debt collectors to pressurize debtors into paying their debts, because this usually affects their paycheck. However, scam debt collectors go beyond using usual pressure tactics, and often try to scare consumers into making payments immediately – giving them little or no time to think.
Can a scammer be a debt collector?
While some legitimate debt collectors may indulge in underhanded collection practices, a scammer has no reason to refrain from using aggressive language and blatant threats. They might tell you they’ll file a lawsuit against you immediately, or even that you might face arrest soon. Remember that real debt collectors need to follow the Fair Debt Collection Practices Act (FDCPA), whereas scammers are under no such obligation.
What is the Fair Debt Collection Practices Act?
At LPG, our experts in the Fair Debt Collection Practices Act (FDCPA) offer just the protection that consumers need when they face debt collection efforts by original creditors or third-party collectors.
What to do if you are engulfed in financial problems?
If you find yourself engulfed in financial problems, you might want to consider how filing for bankruptcy can get you on the right track again.
What happens when a company disputes with a third party?
Disputes with business partners, shareholders, competitors, vendors, buyers, sellers, or other third-parties can drain company resources and also have an adverse effect on the morale of employees. While negotiating for a relief is generally a cost-effective alternative in a number of cases, what do you do if your company cannot afford a relief or if it’s simply not liable? In this scenario, litigating all the way through trial might be in your best interest.
What is advocacy in society?
Advocacy aims to ensure that all people in society can get their voices heard on issues that are close to their hearts, while also protecting and promoting their rights. Advocacy supports considering peoples’ views and wishes when it comes to making decisions that might affect their lives.
Can LPG debt be settled?
Every case is unique and will come with custom tailored legal advice relevant to you and your personal situation. In some cases bankruptcy may be an option but there are many alternatives the LPG debt settlement legal team can provide you in many circumstances to avoid the BK and minimize or settle your debt.
Is bankruptcy a daunting process?
We understand that dealing with debt relief, bankruptcy, or foreclosure can be a daunting process, which is why we stand by you through the entire process. Our bankruptcy and creditors’ right specialists are most the most respected in the area. Our clients feel at ease knowing that they can rely on us to handle their cases, whether they are simple or complicated.