Share:

When you’re facing a mounting pile of debt, it might seem like there’s no relief in sight. Fortunately, there are a variety of ways to regain control of your finances. The best way to determine what steps you should take is to consult with a business lawyer who can restructure your financial situation.

For those living in Greensboro, NC, The Law Office of W. Randall Holcomb, PLLC, is the number one place to turn for assistance. They are well-versed in the different strategies that can be used to reduce unreasonable amounts of debt.

business lawyerOne solution may be to engage in debt negotiations with your creditors. However, it’s best to leave this in the hands of a business lawyer who knows just how to deal with credit card companies and collection agencies. If this is a viable resolution for your circumstances, your legal representative will negotiate on your behalf and propose a settlement that results in a more manageable payment schedule. Further, if a party has commenced legal action against you or your company for the collection of a debt, your may have one or several defenses available. It is important to remember that a North Carolina Corporation cannot represent itself in most civil proceedings and contacting an attorney as soon as a lawsuit and summons are received could end up saving substantial money down the road. 

If your debt is too much for you to handle in any capacity, you might be better off filing for bankruptcy. This will provide you with financial freedom and the chance to start fresh. Before making such a major decision, an attorney will determine if bankruptcy is the best option after carefully reviewing your case. If so, they will explain what you can expect, help you prepare all the necessary documents, and guide you through the filing process.

Financial challenges are one of the most stressful things a business owner can experience. That’s why it pays to seek counsel from a business lawyer when you want to eliminate your debt and get your finances back on track. Contact The Law Office of W. Randall Holcomb, PLLC, at (336) 888-8760, or visit the legal team online to learn more about their transformative services.

tracking