Stop Foreclosure – How Debt Litigation Can Help You Recover

April 13, 2016

When you are in debt and want to stop foreclosure, it can seem to come from nowhere.

Foreclosure and Debt LitigationThe debt continues to build, and without resolution it can become overwhelming. Having a history of debt can ruin your life.

It can become impossible for you to receive any type of credit, and sometimes even affects your opportunities for employment.

Hiring the Law Office of Michael A. Ziegler can help you recover from debt and get your life back.

Different types of debt call for different methods of litigation to resolve the. That is why it’s important for you to hire an experienced professional to handle your communications with debt collectors.

Some of the more common types of debt:

  • Credit card debt
  • Personal loans
  • Business loans
  • Deficiencies on your home or vehicle

 Prevent Repossessions & Stop Foreclosure

You want to prevent consequences such as legal action, repossession, and reports on your credit.

Most litigation attorneys can negotiate with the lender to avoid these consequences and come to a solution that is manageable for you, the client.

Some creditors may be willing to take a lump sum, if you are able to offer it. This option can save you a lot of money.

The creditor may even reduce the debt and close the case based on the settled balance.

If a lump settlement is not possible, there are other resolutions we can seek. We can look to receive a reduction in your interest, so that your payments affect the actual balance of the debt.

We can also negotiate for a longer repayment period, thereby reducing your current payments.

If your debt has reached a more serious level and you are past the point of negotiation, you may be the recipient of a lawsuit from your lender.

If this happens, you will receive a complaint and summons from your debt collector, stating the request from the debtor for repayment and the time and date you should appear in court.

If you are on the receiving end of a debt related lawsuit, contact Ziegler Law Office immediately.

Failing to respond to the summons can result in a judgment against you which does not allow you to outline the terms, and can put you in a terrible financial position.

You want to make sure that your response is swift and educated so that your interests are protected, which is why it is recommended you immediately contact the Law Office of Michael A. Ziegler.

Many times, a settlement can be agreed upon without the case having to go to court.

This is usually preferred by both parties, and following the settlement terms can help you recover from your debt in a timely and beneficial manner.

There are also forms of defense that can prove you are not responsible for the debt. A lender suing for an amount owed needs to prove through documentation that they have the right to collect the debt.

Sometimes, when the debt has been sold by the original lender, this documentation can slip through the cracks. The lender also needs to show that the amount being sued for is the actual amount owed.

This means they need to show a history of charges and payments. There are many routes we can take to help alleviate or reduce your debt and help you get your life back.

If you are in need of debt litigation in order to stop foreclosure, let our office help you figure out the steps you need to take.

I offer a free consultation, so there is no obligation to utilize my services once we assess your situation.

However, I am sure that once you hear what we can do to help you gain control of your debt, you will be looking toward a brighter and less stressful financial future.

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About the Author

Ziegler Diamond Law: Debt Fighters, provides effective legal services to consumers in Clearwater, Florida, and throughout the Tampa Bay area who are facing home foreclosure, unmanageable debts, debt collector harassment, or other debt-related problems.