Nevada Debt Settlement Attorney

About Debt Settlement

Debt settlement, also called debt negotiation, has been the subject of controversy as so many companies have popped up to take advantage of desperate consumers who are under heavy financial stress.  They claimed to be able to eliminate large amounts of debt quickly, but too many people were left with worsened credit scores and about as much financial burden as before.  Debt reduction when done responsibly can be of great benefit, but it does have some disadvantages which should be made known before you can make an informed decision.  Debt counseling with a skilled Nevada bankruptcy attorney can give you a legal and financial analysis which you can use to decide what is best for you.  Debt consolidation may be a solution.

Debt Settlement Lawyer in Nevada

It isn't as easy to qualify for debt settlement as some of these debt reduction companies would have you believe.  It is used in case of hardship.  Your representative will work with you to fully understand your financial resources and then will contact your creditors to negotiate a settlement amount and method of payment.  A debt settlement lawyer can negotiate a far better figure on unsecured debt than the consumer can.  Very often creditors become concerned that you will simply file for bankruptcy if an agreement isn't reached.  

During your consultation you should find out what the tax consequences will be.   In a bankruptcy you are not taxed but in a settlement the IRS can tax the amount of debt you are forgiven as though it was income.  A bankruptcy lawyer at the firm is experienced in debt settlement can defend a client in court and is able to bring lawsuits against creditors who are violating your rights.  Find a debt relief solution that works for you.  Call Price Law Group for a consultation.

Contact a Nevada Debt Settlement Attorney at the firm to find out about debt relief.