What is Debt Negotiation?
Being in debt can take a serious toll on your ability to enjoy life. You spend your time worrying about money rather than enjoying yourself, you are limited in your ability to afford the things you want and find a large percentage of your income going to loan payments. At the Law Offices of Marshall D. Schultz, we understand what a negative impact your debts may be having on your life, and we believe that you deserve a fresh start.
We have filed over 10,000 consumer bankruptcy cases, and with more than 50 years of combined experience we know what a major difference it can make for an individual or a family to get out of debt. If you want to avoid declaring bankruptcy, we can still help you resolve the situation.
When you borrow money, you sign an agreement that you will pay it back under certain terms, and you are legally bound to abide by the agreement. Fortunately, the terms of the debt are not set in stone, and it is often possible to negotiate a new arrangement. With the recent economic upheavals in our country, creditors are anxious about losing money to default or bankruptcy, and many are willing to accept a smaller amount from the debtor rather than be forced to write off the entire loan.
Understanding Your Options
Simply calling the credit card company and asking for a lower monthly payment usually will not work, as the creditor is accustomed to receiving numerous similar calls every day. By having a qualified lawyer from our firm contact them on your behalf, you will be making it clear that you are ready to fight and that you are serious about negotiating a new agreement. This type of action usually results in a lower interest rate or a reduced balance, with the result that you have a smaller monthly payment. You will be able to pay the debt off sooner and with less stress in the meantime.
Contact us today for a free consultation or schedule a visit to come meet us at one of our convenient office locations in Detroit or Southfield.
Free Initial Consultations
There's no need to pay for a simple conversation! We provide immediate, 100% complimentary consultations to those who are interested in filing with us.
Convenient Office Locations in Southfield & Detroit
We have locations in both Southfield and Detroit for those who want to minimize their commute to visit their nearest office.
50+ Years of Combined Bankruptcy Law Experience
Our attorneys are experienced and knowledgeable in the field of bankruptcy law. Trust a seasoned bankruptcy attorney to handle your case.
Assisted 12,000+ Consumers with Their Debt
Debt affects everyone, rich or poor. We have helped thousands of clients through difficult financial times and we plan on helping thousands more.
Detroit Bankruptcy Blog
Stay updated with recent firm news and legal updates in our bankruptcy blog.Read More
Have questions about filing for bankruptcy? Check out our frequently asked questions for more information.Learn More
Why Hire a Bankruptcy Attorney?
Navigating bankruptcy can be confusing. Learn how hiring an attorney can help!Learn More