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Debt Relief Archives

Seeking relief from spousal support debt

For many of those in Salem who come to us here at The Law Office of Paul Petrillo seeking debt relief solutions, spousal support ranks among their largest debts. If you find yourself significantly far behind in your alimony payments and lack the means to make up your debt, you may also be desperately seeking a resolution that does not involve legal trouble. Bankruptcy could be one alternative that you are considering.

Can you qualify to buy a home after bankruptcy?

For many in Salem, homeownership is a dream that they are still chasing. If you count yourself among this group, yet also face overwhelming debt that’s close to driving you to bankruptcy, then you may wonder if your decision to file would permanently bar you from ever qualifying for a mortgage. If so, then that would also preclude the 10,789 other people in New Hampshire who sought bankruptcy protection last year from enjoying the same benefit.

Debt relief after death

Those overwhelmed by bills in Salem long for the day when debt relief arrives. Many believe that day will only come when they die. According to the results of a national survey reported by CreditCards.com, 18 percent of Americans believe that they will die while still in debt. While they may view that as the end of their own financial struggles, the expenses linked to their estate still remain. It then falls to their estate executors to worry about settling their outstanding debts.

How long will your bankruptcy record stay on your credit report?

If you are faced with overwhelming financial liabilities in Salem, filing for bankruptcy may be the best form of debt relief available to you. Yet with the ultimate goal being to rebuild your credit profile, you may be wonder exactly how long the record of your bankruptcy will remain on your credit report. A poor credit score can severe limit your ability to borrow money to buy a home or car, and can even keep you from getting a job. Thus, your decision to file for bankruptcy should be made with this in mind.

Comparing Chapter 13 and Chapter 7 bankruptcy

When people are struggling with personal debt that has ballooned out of control, they often experience a great deal of stress and are sometimes unsure of what to do next. In Salem, New Hampshire, and across America, people who are experiencing these financial challenges firsthand should carefully review the benefits of different debt relief options before making any decisions. By successfully implementing a debt relief strategy, such as filing for bankruptcy, people can finally get a fresh start.

Lending a hand to those facing bankruptcy

Every single day, more Americans find themselves in the middle of a personal financial crisis. If you are facing financial challenges firsthand and are unsure of how to move forward, it is vital to assess your situation properly and immediately take steps to eliminate debt. At the Law Office of Paul Petrillo, we help clients secure debt relief in Salem, and other parts of New Hampshire. While some people have difficulty addressing their debt-related challenges, debt relief can provide an entirely new outlook on life.

New findings about credit card agreements

New Hampshire residents may have heard about a study released by the Consumer Financial Protection Bureau on March 10. The federal agency claims that around 75 percent of all credit card users are unaware that they are bound to arbitration terms prohibiting them from suing the issuer individually or through a class action in the event of a dispute. In addition, many of those who are aware of those terms do not understand their effect.

Understanding legal rights as it pertains to discharged debts

Individuals in New Hampshire who are considering filing for bankruptcy may be wondering what happens after the case is completed. Whenever debt is discharged in bankruptcy court, the debtor is no longer legally responsible to repay the debt. However, in some instances, the debtor may wish to voluntarily repay the debt anyways, even though it can no longer be enforced by law.

The difference between credit counseling and debt settlement

New Hampshire residents who are in debt may look to credit counseling companies or debt settlement agencies to help them work through what they owe. The two appear to be similar, but the way that they work to achieve the goal of getting someone out of debt is different. This may be an important difference depending on someone's circumstances.

Start Your Case Today

Whether you have a family law issue, an estate planning question or are considering bankruptcy, I can help you find a sustainable solution that provides relief and hope. Schedule your consultation at my Nashua, New Hampshire office today by calling 603-635-4149 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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