January 18th, 2022
Posted By
Matthew Wegner

New Year- New Opportunities

When the New Year starts many people make Resolutions. People find things that they want to change about themselves or their situation. One of the most common New Year’s resolutions is to “get out of debt”. Similar resolutions may be more concrete like “buy a house” or “budget better”. People making these resolutions usually are coming from the same place. They have debt. They want out of debt. And usually they don’t really know how to get out of debt. It is a difficult issue. The Wegner Law Firm can help.

Financial Counseling

We provide 1 free Financial Counseling session. Financial Counseling is done one on one, either in person or by video. We will review your situation, your goals and find the path forward. After your free initial counseling session, we recommend monthly sessions. Each session is $145 and runs about an hour to an hour and half.

Debt Settlement

Debt settlement is the process of contacting your creditors and negotiating a settlement. In our initial meeting we will set up a monthly savings plan that you believe you can afford. You will pay each month into a trust account managed by the Wegner Law Firm. Those funds will be held and used to pay negotiated settlements and attorney fees. We focus on lump sum settlements which will maximize your savings and limit your costs.

Chapter 7 Bankruptcy

Chapter 7 is a great tool for eliminating unsecured debt like medical bills, credit cards and payday loans. It can also be used to eliminate debt from old repossessions, broken leases and signature loans. Chapter 7 bankruptcy is also used by business owners in cases in which there were personal guarantees on loans. A typical Chapter 7 bankruptcy runs about 110 days from filing to closing.

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is a tool primarily used to prevent foreclosure and create a Plan of Reorganization. This will allow you to catch up your past due mortgage and avoid foreclosure. Chapter 13 bankruptcy is also used in cases in which a client may not qualify for Chapter 7 bankruptcy relief due to income or special “non-exempt” assets.

There are many ways to address debt and these are just a few of them. If you are ready to get out of debt and make a plan to move forward contact me. Thanks!!-- Matthew