Forest Lake BANKRUPTCY ATTORNEY
Washington County, MN
If you’re looking for a qualified Forest Lake Bankruptcy Attorney to help you take the first step toward your fresh start, then you’ve found the right place. At Hoglund Law, we believe in helping you seek debt relief in a way that will ensure your fresh start doesn’t turn into a dead end. Well versed in the bankruptcy code and boasting over 29 years of experience, we offer free consultations and home visits alongside the promise of zero upfront fees to get you started. This is because we want the first steps in your new life to be not only stress-free, but also dollar free. For credit counseling and assistance through bankruptcy proceedings, you can count on us.
In addition to eliminating your unsecured and credit card debts, Chapter 7 Bankruptcy helps you find your way to financial freedom by granting you a chance to start fresh. While some debts that you incur cannot be discharged—such as those amounting from child support or student loans—Chapter 7 bankruptcy may still benefit you significantly if your debt is greater than 50 percent of your annual income. Therefore, the next essential step is meeting with a qualified attorney, like the ones you’ll find at our Forest Lake location, to discuss your options. The free 30-45 minute consultation may be just what you need to understand essential bankruptcy basics and begin a new, debt-free, life.
Filing a Chapter 13 means signing up for a three to five-year plan through which you agree to pay off your non-dischargeable debt. While you will still be paying off some of the debt you owe, the amount is usually far less than would be the case if you were to undergo a debt settlement or pay back your debt organically. Further, at the end of the payment plan, any remaining qualified debts will be discharged, including credit card debt and medical bills.
A Chapter 13 Bankruptcy plan isn’t the right choice for everyone, but if you’ve previously filed a chapter 7 or do not qualify for one, it might be the right decision for you. The best way to find out is to contact an experienced Bankruptcy Attorney to help you find the best path forward.
Debt Settlement is a less drastic—but still effective—method of securing financial freedom. Instead of discharging your debt, our attorneys work to negotiate with your creditors directly in the hopes of lowering the amount that you would have to pay. The result is a more manageable burden and a smaller impact on your credit report.
Why does it work? Creditors are looking to make money, and when there is a large amount owed, and bankruptcy looms over a debtor, they conclude that making something is better than making nothing. Helping you, suddenly becomes wiser than forcing you to discharge debt that they will then be unable to collect upon.
This is why it is important to determine whether debt settlement is the right choice for you. With 29 years of experience, Hoglund Law knows how to use the shadow of bankruptcy to bring creditors to the negotiating table. During your free consultation, we will be able to identify whether debt settlement is a road worth pursuing to the fresh start you’ve been looking for.