Sometimes individuals, couples or businesses find themselves in troubling situation where their debt load has become emotionally and financially insurmountable. While our attorneys do not practice foreclosure law, we are often able to negotiate reductions of debt and assist clients increase their FICO score and ability to manage assets and debt more efficiently.
Knowing what assets may not be attached may well avoid seizure of bank accounts or other assets. This is where knowing the difference makes the difference.
While having written agreements with reliable borrowers is every individual and businesses dream, occasionally the time comes to bring legal remedies into the collection process. A well drafted loan agreement with security collateral and/or a Uniform Commercial Code (UCC) lien is preferable and what an attorney would prefer to see. But when collecting a valid debt, even an oral agreements may suffice.
– DISCLAIMER –
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. Levy & Associates does not represent you unless you complete an intake form and until a representation agreement is signed by you and by one of our attorneys.