Do bankruptcy attorneys negotiate credit card debt settlements?
Ruby Norta Gumapac Assistant at Ascent Law LLC
If your debt is mostly credit card debt, you may be able to negotiate a debt settlement with your creditor. This is much more likely to succeed than bankruptcy, because creditors are often more willing to accept a lower payment than a bankruptcy filing would bring. However, there are many factors to consider before negotiating a debt settlement with your creditor.
How much does a bankruptcy attorney charge for negotiating credit card debt settlements?
Debt settlements have many benefits, including reducing interest rates and reducing the amount of principal owed. However, there are some risks to consider before signing up for one. In addition to degrading your credit score, these settlements are subject to IRS taxation because the forgiven debt will be reported as regular income to the IRS.
If you’re seriously behind on your payments and are unable to pay the full amount, a debt settlement may be your best option. However, many creditors won’t negotiate with you until you’ve fallen so far behind that they’re insistent on receiving 80% or more of what you owe. If this happens, your original creditor may have already turned the debt over to a debt collector. These companies make their money by collecting past due debts.
If you need an Bankruptcy Lawyer, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
When you need a Divorce Lawyer, contact this law firm:
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5506
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Layton, Utah
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Layton, Utah
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Historic Downtown Layton
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Flag
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Location within Davis County and the State of Utah
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| Coordinates: 41°4′41″N 111°57′19″WCoordinates: 41°4′41″N 111°57′19″W | |
| Country | United States |
| State | Utah |
| County | Davis |
| Settled | 1850s |
| Incorporated | May 24, 1920 |
| City | 1950 |
| Named for | Christopher Layton |
| Government | |
| • Type | Council–manager[1] |
| • Mayor | Joy Petro |
| Area | |
| • Total | 22.65 sq mi (58.67 km2) |
| • Land | 22.50 sq mi (58.27 km2) |
| • Water | 0.16 sq mi (0.40 km2) |
| Elevation | 4,356 ft (1,328 m) |
| Population | |
| • Total | 83,291 (2,021 est) |
| • Density | 3,634.36/sq mi (1,403.35/km2) |
| Time zone | UTC−7 (Mountain (MST)) |
| • Summer (DST) | UTC−6 (MDT) |
| ZIP codes |
84040, 84041
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| Area code(s) | 385, 801 |
| FIPS code | 49-43660[5] |
| GNIS feature ID | 2411639[3] |
| Website | laytoncity |
Layton is a city in Davis County, Utah, United States. It is part of the Ogden-Clearfield Metropolitan Statistical Area. As of the 2020 census, the city had a population of 81,773,[4][7] with 2021 estimates showing a slight increase to 83,291. Layton is the most populous city in Davis County and the ninth most populous in Utah.
Layton has direct access to Salt Lake City, Ogden, Salt Lake City International Airport, Antelope Island, and the FrontRunner commuter rail. Layton City is a leader in economic development for the region, with immediate adjacency to Hill Air Force Base, a large hospitality district (1,000+ hotel beds) and conference center, the Layton Hills Mall, multiple nationally recognized retail and food chains, the East Gate Business Park, and the Weber State University-Davis campus.
In 2014, Layton contributed $1.34 billion[8] worth of retail sales activity, the second largest market north of Salt Lake City and seventh largest in Utah.
Do bankruptcy attorneys negotiate credit card debt settlements?https://t.co/PdzYywPoBO pic.twitter.com/7yLyIRtV5r
— Ruby Norta Gumapac (@NortaRuby) October 26, 2022
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