About John Hall Expertise Law school graduate, Juris Doctorate (J.D.) Degree; Over 25 years of
experience throughout the United States in bankruptcy law matters (Chapters 7, 11, and
13 of the United States Bankruptcy Code) primarily representing individual
debtors with consumer debt or small businesses; Experience has included all
aspects of debtor/creditor relations.
Experience FREE BANKRUPTCY HELP. If you are being sued, if your home is being foreclosed, or if you are being harassed by bill collectors, filing for bankruptcy may be a quick and inexpensive solution.. The mere filing of a bankruptcy will operate as a federal court order (it is called an automatic stay) to stop all bill collection efforts, including lawsuits that are pending or ongoing. Bankruptcy is a legitimate way to meet your problems with debt head-on. The bankruptcy law is designed to give you a second chance to make a new start without the psychological and financial burden of pressing debts that you are unable to pay. Depending on what state you live in and what your assets are, it is very unlikely that you are going to have to lose anything if you file for bankruptcy, and this is something that you can do immediately without having to pay the $500 to $1,500 attorney fees that most attorneys charge. Also, you might be surprised that you can file for bankruptcy and that it will not have the devastating effect on your credit that most bill collectors describe. Life is too short to have all this anxiety over losing your car through repossession, getting evicted from your home, or losing your home through foreclosure. Bankruptcy law was designed to give you a second chance. I will not charge you just to talk on the phone. Call me at 432 853-5711, or send me an email at j_h14@hotmail.com with your telephone number, and I will call you back.
Question Hi John-
I am currently considering turning three of my four credit card balances (totaling approx $20,000)to a debt settlement agency. (the reason I am keepin gone is for emergencies and because it has a very low balance, very low interest rate- 2.9%). Up until now I have had excellent credit- I've paid off Federal student loans, two auto loans, have rarely carried a credit card balance... But in 2002, I had a car accident which totally changed my life and the type of work I do. Over 4 years time, I have been supplementing my diminished income and playing "catch-up" by using credit cards and now have an overwhelming amount of debt. (approx. $23,000 total). I have finished my first semester of nursing school (full-time), and will be out with my RN in 3 years (at which time I will certainly have more income) but until then, I am STRUGGLING! I work 25 hours/week and can barely pay my expenses (minimum payments for my cards = $450./month)even when supplemented with student loans.
Do you think that debt settlement is the way to go? I do not want to claim bankrupcy. I am so afraid of destroying my credit rating with debt settlement, but have been assured that it doesn't take long to rebuild... It seems too good to be true, that they woudl cut what I owe nearly in half. What do you think? By the way, the company I was working with was Coastal Credit Solutions.
I appreciate your help so very much, John. Looking forward to your response...
Sheila
Answer Debt settlement or credit counseling is a bad move. If you do that, you will later regret it. You may even end up in a worse position than you are now. Plus, it is unlikely that the debt management people will be able to do anything that you can't do yourself. Call me on my cell if you like 661 492-2673 I will not charge you just to talk on the phone.
