Attorney assisted debt arbitration is an alternative form of debt reduction for individuals not wishing to file for bankruptcy protection from their creditors. Generally we only accept cases for arbitration if there is an underlying financial hardship to justify it. Unlike bankruptcy that immediately affords you protection from creditors, under a debt arbitration plan, creditors may pursue aggressive collection efforts against you. Each case is unique and reaching a decision on what your best option is can be complicated. We can help you by presenting the pros and cons of each solution so that you may achieve your goals. Please complete the short form below or call us at the telephone number above. We will be happy to provide you with a free informal conference to discuss your specific needs.
Being represented by an attorney shows your lender you are serious about solving your debt problem.
For a free informal conference, please either call us, or complete the form below. In a time of uncertainty, we will provide you with the clarity and confidence you need to deal with your debts.
American Financial Law Group is a multi-state law firm. Our purpose is to help those with too much debt select the best alternative for handling their debt, and then help them implement that solution. We offer the full range of services for those with debt problems, including Bankruptcy (Chapter 7 and Chapter 13), Debt Arbitration, Debt Management (Consumer Counseling), Lawsuit Defense - and for those who have been harassed just a bit too much by their creditors - taking the offensive with lawsuits based on the Fair Debt Collection Practices Act.
Debt Happens to People of All Ages in All Walks of Life - Start To Become Debt Free Today!
Debt Relief Alternatives
1. Do Nothing
2. Chapter 7 Bankruptcy
3. Chapter 13 Bankruptcy
4. Debt Arbitration
5. Debt Consolidation
Unlike many "Debt Settlement Companies," Bankruptcy Law Firms and Credit Counseling Agencies, American Financial Law Group does not try to fit you into the one program they offer (regardless of whether its in your best interest). Instead, American Financial Law Group will let you know the advantages and disadvantages of each approach, and let you make the decision.
DOING NOTHING. If you have no income, (or only income that creditors can't touch, such as Social Security) no property to lose, and do not mind continuing calls from creditors, then DOING NOTHING may be the option for you. (We don't make any money if you choose this option - but if this is in your best interest, weâ€™ll let you know.)
A CHAPTER 7 BANKRUPTCY. If you qualify for a Chapter 7, you can "discharge" (effectively eliminate) most of your debts without having to repay anything. Not everyone qualifies for a Chapter 7. Under the new bankruptcy law, all debtors must take a "means test." The bottom line is that if your income is above the average for your state, OR if you can afford to pay more than $100 per month to your creditors after all of your reasonable expenses are taken into consideration, then you will probably not be allowed to file a Chapter 7. Regardless of whether they qualify, many people want to avoid a bankruptcy for their own personal reasons.
CHAPTER 13 BANKRUPTCY is a solution wherein you make monthly payments to a court appointed trustee for a period of 3 years if your income is below the state median, or 5 years if it is above the state median. The amount you pay is as much as you can afford to pay - meaning that your reasonable living expenses are subtracted from your income, and everything left over goes to the trustee.
A Chapter 13 may be your best option if:
(a) you owe large tax debts that cannot be eliminated by a Chapter 7 and you want to stop the interest and penalties by forcing the IRS to take a payment plan;
(b) you own real estate that is being foreclosed on; or
(c) you don't qualify for a Chapter 7 and you want to stop lawsuits against you.
DEBT ARBITRATION is for those who can afford to pay something toward their debts but cannot afford the entire amount; and for those who do not qualify for a Chapter 7 but do not want the hassle of a Chapter 13.
DEBT MANAGEMENT (CONSUMER COUNSELING). If you are current with your monthly payments or just barely behind, a Debt Management Plan may reduce the current interest rate on your outstanding debts, reducing you monthly payment and allowing you to pay off your balance over a much shorter time period.
Make an Informed Debt Relief Choice
When you call American Financial Law Group for a free consultation, you will speak with a Debt Counselor who has been trained by and is working under the specific instructions of a lawyers experienced in Bankruptcy and Debt Arbitration, who will let you know your alternatives and the advantages and disadvantages of each.
If Debt Arbitration is the alternative you select, your Debt Counselor will help you fill out an application to begin our program. This will then be reviewed by a lawyer, who will approve your application only if it appears that you can be helped by debt arbitration and that our program is in your best interest.
The debt arbitration services delivered by AFLG will be performed either under the direct supervision of a licensed attorney or in accordance with strict procedures and policies developed by licensed attorneys.
Debt Arbitration Vs Debt Consolidation
Debt arbitration reduces the amount of money you owe while debt consolidation organizes your obligations and streamlines the payment process for you and your creditors. By signing on with American Financial Law Group you can avoid the long lasting black mark of bankruptcy and the high cost of extended years of indebtedness that accompanies debt consolidation.
Our program is an effective way to achieve real debt relief without overpaying on debt consolidation interest fees. Fill out our FREE debt arbitration consultation form and we will get back to you within 24 hours. American Financial Law Group can help get you out of debt and help you avoid bankruptcy. However, if bankruptcy turns out to be your best option, we can help you file and bring your case to a successful conclusion.
What Makes American Financial Law Group Different?
We are a law firm whose services include debt arbitration and bankruptcy. Our job is to analyze your debt situation and provide you with appropriate debt relief options. We do not hold your money in our account. The goal of our debt arbitration program is to resolve your indebtedness through compromised settlements or through bankruptcy, whichever is best suited to your needs. There is a fee for our services, but we only accept clients who have the potential to achieve significant financial benefits from participating in our debt arbitration program and our fees are figured into the monthly set-aside amounts to which you and your debt analyst agree. Our program allows you to pay only a portion of what you owe and helps you resolve your obligations usually in months rather than years.
Handling Creditor Harassment
One of the most stressful aspects of being behind on your payments is the constant ringing of harassing phone calls from your creditors. Shortly after you are accepted into our debt arbitration program, we send a letter to all your creditors directing them to contact us instead of you. If any creditors call you after that, we will call them to notify them that they should be dealing with us instead of you.
Many debt arbitration programs promise you that they can stop this harassment immediately. The reality is that neither our law firm, nor anyone else, can guarantee that creditor calls will ever stop completely. We can, however, substantially reduce your creditor calls within a few weeks.
Eliminate Debt Faster Than You Ever Thought Possible
American Financial Law Group's debt arbitration program can in most cases reduce your debt and have you out of debt in 2 to 4 years rather than the decades it would normally take.
With many debts, especially credit card debt, our clients have already paid back more than they originally borrowed, and are now stuck in the vicious cycle of paying off interest and penalties that have accrued, often over many years. We tailor your debt arbitration program to get you out of debt for the smallest amount possible and in the shortest time possible.
American Financial Law Group is committed to providing the highest level of customer service and satisfaction. The success of our service rests solely on the relationships we build with our clients and with consumer lending institutions. These relationships are built on trust, understanding, and mutual respect. We form a partnership with our clients, ultimately leading them on the path to financial freedom.