Brooklyn Debt Consolidation Attorney Helping You Regain Control Of Your Financial Future
It can be disheartening when you are a diligent professional with a steady job but still have a heavy burden of debt. You are not alone, and it is nothing to be ashamed of. You just need a clear strategy and a sustainable repayment plan that allows you to focus on rebuilding your financial stability.
When doing so, you need more than just a lawyer; you need a trusted partner to guide you. The expertise of attorney Gregory Messer rests on distinctive credentials and deep experience. He is a board-certified lawyer in consumer bankruptcy since 1995. He has also served as a Panel Trustee in New York since 1980. This gives him unparalleled knowledge of the debt relief system. With over 45 years of experience, he provides the honest, compassionate guidance you need. This knowledge helps put even the most anxious clients at ease.
While you may consider Chapter 13 bankruptcy, which requires formal court supervision and a multiyear repayment plan, debt consolidation and negotiation can offer a similar result. Importantly, it avoids the expense, formality and negative credit impact of a bankruptcy filing.
What Is Debt Consolidation?
Debt consolidation is the process of combining multiple high-interest debts (e.g., credit cards or personal loans) into a single, manageable financial obligation. This often involves working with an attorney to negotiate directly with your creditors.
Instead of making several high monthly payments, debt consolidation simplifies your life. It can reduce your overall payments through two primary negotiation strategies:
- Lump-sum reduction: Negotiating to reduce the total balance you owe in exchange for a single, large payment.
- Extended payment plan: Negotiating a longer repayment period with your creditor to lower the size of your monthly payment.
This efficient process helps clear the confusion and high cost of multiple debts.
Is Debt Consolidation An Option For You?
Debt consolidation is not the right choice for every situation, but it is often an excellent option for individuals who have a reliable income and are committed to resolving their debts outside of court.
This alternative may be an option for you if:
- You have a steady income: You have a stable job and can dedicate a fixed amount each month to debt repayment.
- Your debt is manageable: Your debt-to-income ratio is not so severe that only bankruptcy can resolve it.
- You want to avoid bankruptcy: You are determined to resolve your debt without the process and formal impact of filing a Chapter 13 petition.
- Your debts are unsecured: Most of your debt consists of credit cards, medical bills or personal loans, which are ideal for negotiation.
- You are falling behind: You have missed or are on the verge of missing payments, which makes creditors more open to negotiation.
If you are eager to put your debt behind you and you fit these criteria, consolidation can be the powerful solution you need.
Our Approach To Debt Negotiation
If you have failed to make regular, timely payments, your creditors may be ready to negotiate. Our debt consolidation attorney can act as your advocate, negotiating directly with creditors to achieve the best possible outcome for your financial health.
We customize our approach to fit your unique financial situation, focusing on two critical objectives:
- Negotiating reduced balances: We negotiate with creditors to reduce the outstanding principal balance you owe, often securing a reduction between 25% to 50% of the original balance.
- Securing affordable terms: We work to negotiate an extended repayment plan that makes your monthly payments affordable and sustainable for your budget.
When a creditor is willing to reduce the debt significantly (lump-sum reduction), they often require payment immediately. To take advantage of these savings, attorney Gregory Messer can help you secure a debt consolidation loan. This loan replaces your multiple unsecured loans with one new, manageable payment. This allows your creditors to be paid off immediately, putting you on a clear path to debt freedom without the negative effects of a bankruptcy filing.
Contact A Brooklyn Debt Consolidation Attorney
If you need relief from a mounting pile of bills, let our experienced Brooklyn debt consolidation attorney help you lower your payments and regain financial control.
At the Law Office of Gregory Messer, we are ready to help you find a fresh start. Contact us online or at 347-943-8475 to schedule a free initial consultation. Our office is conveniently located across the street from the U.S. District Bankruptcy Court in Brooklyn. We serve residents throughout Brooklyn, the Bronx, Manhattan, Staten Island and Queens.
To ensure every client receives the personal attention he or she deserves, we are an appointment-only law firm with flexible hours adjustable to fit your needs.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.