The downturn in the economy has caused a historical amount of debt-related legal issues. As you may have learned through the massive amount of advertising, there are viable solutions. But which solution is best for you?
- Bankruptcy (Chapter 7 & 13)
- Foreclosure Litigation
- Short Sale
- Loan Modification
- Offer & Compromise
- Debt Settlement
- Debt Consolidation
With so many options, it's not surprising that most of the public is utterly confused which one is best for them.
Unfortunately, this recession has also spawned an industry of so-called debt "experts" – including lawyers, real estate professionals, and a lot of nonprofessionals (paralegals, modifiers, processors, etc.).
Many of these people are "stuck" offering only one service because that's all they are licensed to do, or because that's all they know, or are comfortable telling you that's what they do. Yes, this means that one of these people may recommend something that's best for them.