Struggling With Debt? Legacy Legal & Business Services PLC Is Here To Help

Dealing with financial issues of any kind is incredibly stressful and unnerving. With all that can be at stake, finding a solution to these difficulties can feel overwhelming and even impossible. Although the financial world is complicated, it is important to know that you have options – it’s just a matter of knowing what they are and how to proceed with a successful plan of action.

With the help and support of an experienced bankruptcy lawyer, you will be able to make educated decisions about the future of your financial situation. Having legal representation on your side will make certain that you are making choices that will benefit your state of affairs in a sustainable manner. This knowledge will provide you with the ability to move forward with your financial circumstances with confidence and understanding.

At Legacy Legal & Business Services PLC, we will do whatever it takes to give you the best legal advice available. With an extensive background in the legal field, Attorney Margaret Webb has the skills and experience necessary to make her clients feel comfortable and cared for. Given that client relationships are the cornerstone of Legacy Legal & Business Services PLC’s legal approach, you can be sure that your financial wellbeing is being taken care of with the utmost professionalism and competence.

Wondering What A Bankruptcy Law Attorney Can Do For You?

A bankruptcy lawyer has the ability to lay out all of the available options before you. Once a plan of action is established, your legal representation will be able to assist you in implementing the financial strategies necessary to move forward with your goals. This involves completing and filing the required documents, negotiating with creditors, and setting up a financial objective for the future.

Bankruptcy Options To Consider

There are various ways to approach bankruptcy. Knowing which one works best for you can be difficult. Our team will meticulously go over each and every aspect of your financial situation so that we can determine the bankruptcy option that best suits your needs.

Chapter 7 Bankruptcy

A chapter 7 bankruptcy is typically called the “Fresh Start” bankruptcy. This is because there are no payment plans required, as long as individuals can meet the income restrictions placed by the Bankruptcy Code.

In a chapter 7 bankruptcy, an individual’s non-exempt assets are distributed among creditors and the unsecured debts are discharged. It is worth noting that many people who file a chapter 7 bankruptcy do not lose any assets because, under the Bankruptcy Code, our team will be able to exempt many important assets from creditors.

Chapter 11 Bankruptcy

A Chapter 11 bankruptcy usually involves a partnership or corporation. This approach proposes a plan or “reorganization” so that the debtor can keep their business alive while also paying back creditors over time. Seeking financial relief with a chapter 11 bankruptcy is best done with a small business bankruptcy attorney or a similar legal professional.

Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is typically referred to as the “payment plan” bankruptcy. This option works well for clients with regular income who can afford a manageable payment plan.

Chapter 13 bankruptcy involves a manageable payment schedule based on the individual’s ability to pay and runs approximately 3-5 years long. After the appropriate time period has run with consistent payments, a portion of the individual’s debt will be forgiven.

Debt Settlement

Debt settlement can also be an option for individuals who are struggling with debt. Legacy Legal & Business Services PLC will work with you, and negotiate with your creditors, to allow you some financial reprieve in your life. Having your debt settled for an amount less than you currently owe can dramatically reduce the financial burden that comes with these situations. Having legal counsel in your corner as you negotiate the terms of your debt settlement will greatly increase the likelihood that you will come away from these matters with clarity and ease.

Looking For The Best Bankruptcy Law Firm In The Allegan and Kent County Michigan Area?

Legacy Legal & Business Services PLC is prepared to help you find sustainable solutions to your financial challenges.

If you are struggling with debt, Legacy Legal & Business Services PLC has the resources to find you the solution you need. Legacy Legal & Business Services offers free consultations so that we can examine all of your options and customize an approach that is right for you – whether that may be bankruptcy options or debt settlement.

For more information about Bankruptcy and other financing options, please do not hesitate to contact our office for a free initial consultation.

Debt Settlement can also be an option for individuals who are struggling with debt.  Legacy Legal & Business Services PLC will work with you, and negotiate with your creditors, to allow you some financial reprieve in your life.