Often times Bankruptcy is the only reasonable solution to resolve financial issues. However, bankruptcy can have an effect on your financial future, which is why it should be used in all circumstances. For residents of Rochester, NY, seeking realistic solutions to financial woes, debt relief lawyer Robert A. Schwartz will remain dedicated to providing skilled assistance to those facing mounting debt.

Attorney Schwartz helps clients achieve financial stability and he is well-versed in a variety of relief options, including the following possible solutions:

• Arrange A Payment Plan With Creditors: In some cases, lenders may be willing to arrange a payment plan to allow you to pay back debt.  Depending on your income and family size, you may only be eligible for a Chapter 13 repayment plan.  Depending on the type of debt you have and your income,  a direct payment plan with one or more creditors may be preferable to filing for bankruptcy. With this option, maintaining a payment schedule is essential to keeping on track.
• Look Into a Consolidation Loan: Loan consolidation is another option available to people struggling with debt. If the interest rate is low enough, you may be able to pay back your debt in a reasonable amount of time.  Be careful about mortgaging your home to secure the loan.  The benefit of the secured loan is that it will hopefully reduce the interest rate even further and allow for some or all of the interest paid to be deductible.  The downside is tha by giving your as collateral you will lose the ability to discharge that debt in the future through a Bankruptcy..

Whether you are facing a home foreclosure or an overwhelming amount of credit card or other unsecured debt, Robert A. Schwartz can help you get your finances back on track. Clients in Rochester can schedule their consultation with this debt relief lawyer by calling (585) 334-4270. You can also visit the firm online for more information on practice areas.