Do I need to hire a lawyer to use debt relief law?
No, you do not need to hire a lawyer to make use of debt relief law in Florida. Debt relief law is designed to help those who are facing financial hardship, by providing them with the means to pay off their debts in a much more manageable way. In many cases, debt relief law can also help you to eliminate some of your debt entirely. The main way to use debt relief law in Florida is to file for bankruptcy. Filing for bankruptcy will allow you to discharge, or eliminate, some of your debt. Depending on the type of debt and your individual circumstances, filing for bankruptcy can give you a fresh start with your finances. In addition to filing for bankruptcy, you can also make use of debt relief law in Florida by entering into a debt restructuring agreement with your creditors. This involves negotiating with your creditors to lower the amount of debt you owe, and to arrange for an easier repayment plan. It can also involve consolidating multiple debts into one, more affordable monthly payment. You may also decide to take advantage of debt relief legislation by using a debt settlement company to negotiate on your behalf. The debt settlement company will negotiate with your creditors to reduce the amount of debt you owe, and to arrange for an easier repayment plan. However, it is important to be aware that debt settlement companies do charge a fee for their services. In conclusion, although you may find it helpful to obtain legal advice when considering debt relief law in Florida, you are not required to hire a lawyer to use debt relief measures. There are various options available, such as filing for bankruptcy or entering into a debt restructuring agreement with your creditors, which you can take advantage of without needing to hire a lawyer.
Related FAQs
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Is debt relief law available for federal student loans?
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