If done correctly, no. It is far better, because you can eliminate your debt for pennies on the dollar and avoid bankruptcy. If done improperly though, debt settlement can be worse than bankruptcy, and even lead to bankruptcy. This is why it is very important to hire a full service debt relief law firm like PandA to handle your debt […]

You can save a lot. Including all attorneys fees, and settlement payments, most PandA debt settlement clients save 30 to 60 percent off their debt. The sad truth is that if you pay only the minimum payments on credit card debt, on average, you will end up paying back three times what you owe, and it usually takes 15 to […]

If your rent is late, bankruptcy may stall an eviction and possibly wipe out the debt. If you’re current on your rent payments, there is usually little or no impact to your rental agreement when you file. Each case is different, so please make sure to let your attorney know you’re a renter during your free debt relief consultation.

In most cases, no. You don’t have to give up your primary house or car when you file bankruptcy. However, there are exceptions to this rule, and limits on what you can keep, called bankruptcy exemptions, which vary from state to state. For information about your particular case, call PandA Law.

Each lawsuit is different, so if you get sued you should contact an attorney immediately, as most only allow 20 days to respond. At PandA we can respond to lawsuits, include them in bankruptcy filings, stop garnishments, and negotiate settlements with whoever is suing you. Unfortunately, if you do nothing, a default judgment will likely be entered against you, your […]

PandA’s debt settlement fees vary depending on the type of debt, but generally fall in the 10 to 20 percent range. Additionally, you’ll have to pay back a portion of what you owe to each creditor. These settlements can range from 30 to 60 percent.

First of all, law firms like PandA Law handle debt settlement and bankruptcy, so we’re going to discuss all your options. Second, because we handle both, we can leverage our ability to file bankruptcy with your creditors. This often leads to better settlements. Finally, and perhaps most importantly, when you’re in a debt settlement plan there’s a chance that your […]

The answer to this question varies because it is often based on total debt, income level, and expenses. However, generally speaking, debt settlement takes 12 to 18 months, Chapter 13 can last three to five years, and Chapter 7 bankruptcies are over about three to four months after the case is filed. A PandA Law Firm attorney can give you […]

So there are two main differences between Chapter 7 and Chapter 13 bankruptcies. In Chapter 7, in most cases, you won’t pay back anything to your creditors. The court wipes the slate clean and eliminates your debt in a few months. This is why you sometimes hear Chapter 7 referred to as a “fresh start” bankruptcy. In a Chapter 13 […]

Generally speaking, once your last debt is settled, and the agreed payment has been made, your credit will instantly start healing. Most debt settlement clients see marked improvement to their scores within six months of their last settlement, and some qualify for new credit cards, personal loans, or auto loans in as little as three months.