Mesa Debt Relief

Mesa, AZ Debt Relief Methods

Many methods of debt relief are available to those who are no longer able to meet their financial responsibilities, due to loss of a job, reduction in income, serious illness, or other unfortunate circumstance.  While filing for bankruptcy (either chapter 7 or chapter 13) is the primary method used by many family and individuals in Mesa, Arizona and Maricopa County, Arizona of releasing themselves from substantial debt, there are other options for individuals who would like to avoid the negative credit impact that filing for bankruptcy in Mesa, AZ can have.  Some of the debt relief alternatives are very helpful and useful, other forms of debt relief just won’t apply to an individual’s particular financial situation.  Seek a Mesa debt relief attorney and find out what form of debt relief will best suit your current economic position.

Different Forms of Mesa Debt Relief in Arizona

• Debt negotiation – Debt negotiation is most helpful for people who don’t want the negative effects of bankruptcy on their credit. In the event that one is unable to afford the payments attendant to a certain debt, they can negotiate with their creditor for more favorable terms, including a lowered interest rate, waiving of penalties and fees, or a longer period of time in which to pay off the debt, thereby lowering the payments.

• Bankruptcy Chapter 7: Chapter 7 bankruptcy is a good solution if you have no real hope of paying off your debts.  Once bankruptcy is filed, all creditor action against you is suspended and at the end of the process all of your debts that can be discharged are canceled.

• Debt settlement – Many creditors are willing to settle a debt for pennies on the dollar, as an alternative to legal action or receiving no payment at all.  In some cases, debtors can settle a debt for as low as 25% of the original amount.  With debt settlement the creditors will receive something for their debt whereas in a Chapter 7, creditors may receive nothing for the debt that they have carried.

• Bankruptcy Chapter 13:  Chapter 13 bankruptcy is very helpful if you have a good income and want to pay your debts but have fallen behind.  As in Chapter 7, creditor action against you stops.  You keep your property and work out a plan to pay off your debts over an extended time (usually 3-5 years).

• Debt consolidation – Debt consolidation companies work on behalf of debtors by accepting a monthly payment from them, and then splitting up the payment to their various creditors.  In theory, this provides the debtor with a more easily manageable way to pay their debts.

The Mesa, Arizona based My AZ Lawyers  is available to provide individuals throughout Mesa and Gilbert, Arizona with a multitude of debt relief services, including Chapter 7 bankruptcy, Chapter 13 bankruptcy, debt settlement, creditor negotiations, and loan modification.  Our Mesa bankruptcy law office has helped hundreds of individuals and families throughout Maricopa County, Arizona.  Our experienced debt relief experts treat each client’s situation as an opportunity to help.  We realize that every client is unique and we customize our assistance to each client’s specific financial situation.

The Importance of Hiring a Mesa Bankruptcy Attorney

Debt Relief Assistance in Mesa

Many companies offering debt relief or debt consolidation services are only interested in making money, and do not operate in the best interests of their clients.  In some cases, they can even make things worse.  If you are seeking an effective means for ridding yourself of debt, it is advised that you hire a qualified attorney who will work for you with your financial goals in mind.

Don’t delay, get in touch with our Mesa debt relief experts today, and we will find a debt relief method that is optimized to help you achieve your goal of a debt free life.  We look forward to assisting you.