When you find yourself drowning in debt, it may seem like there are few, if any, options beyond bankruptcy. However, bankruptcy can have a long-lasting effect on your credit. Here are some options that you may want to look into before declaring yourself bankrupt.
If your only goal is to stop creditors from harassing you with calls, emails, and postal mail, bankruptcy would be a bit overkill. The easiest way to stop harassment is to know your rights and the laws designed to protect you. It may be in your best interest to consult with a Richmond VA bankruptcy attorney to break it down for you in simple English without all the legalese which can often be confusing.
If you have a steady income or if you have assets that are easy to sell, you may want to try negotiating with your creditors. In certain circumstances, you may even be able to negotiate into paying less than what you owe. A bankruptcy attorney in Richmond VA will often suggest this before filing for bankruptcy.
Contact A Credit Counseling Agency
Of course, some people simply aren’t comfortable with negotiating with creditors. This is not something to be ashamed of and it is the reason why credit counseling agencies exist. They will negotiate on your behalf and help get you on a payment schedule that you can afford. Agencies will charge a small fee for their services. If this interests you, contact a Richmond VA bankruptcy lawyer and see what agency they recommend.
If you are having debt troubles, it is always best to contact an attorney who is experienced with debt solutions. Because of this you should contact the attorneys at Canfield Wells would be an excellent first option to get you on your way to financial freedom away from bankruptcy.