Non-Bankruptcy

Credit Counseling and Debt Consolidation Options 

Excessive debt situations can arise from a myriad of different situations.  These different situations can call for a range of debt relief options. While bankruptcy is a powerful tool that can help individuals and families find the fresh start that they deserve, there are other options that can deliver highly effective debt relief as well.  Some of these options include:

  • Credit counseling – Credit counseling involves the preparation of a budget and assistance with the management of debt that allows people to avoid the perceived stigma of bankruptcy. Credit counseling has the additional advantage of not appearing on a credit report, and all or a portion of the debt is paid.
  • Debt consolidation – With debt consolidation, you would make monthly payments and your creditors would accept payments of compromised amounts. Debt consolidation, like credit counseling, may create a lesser impact to a credit report than bankruptcy because the debt consolidation itself does not appear on a credit report, and the credit report reflects that some of the debt has been paid.
  • Direct negotiations – Direct negotiations, like debt consolidation, involves settlement of debt by paying a portion of the debt and the remainder is forgiven. Direct negotiation can often be accomplished at a relatively low cost to you.

Let us explain to you the advantage of all the available options to securing relief from the excessive debt that is challenging you.

Many people turn to these options due to a fear of bankruptcy and any stigma it may carry. In reality, with the economic challenges that almost all Americans are facing, the stigma of bankruptcy has greatly lessened.  In addition, the filing of a Chapter 7 bankruptcy can stop your debt from growing and provide you a needed opportunity to actually restore your credit rating. Take the time to learn what filing for bankruptcy can do for you.

At Aho Law Office, P.A., we believe in offering our client solutions to their difficult debt situations that are tailored to the individual circumstances that they are facing.  We know that the help we offer is most effective when we give our clients a full range of choices, and help them see what solutions are the best fit for them.

For years, Attorney, Brian Aho, has been providing highly individualized attention to his clients, in addition to working to be as economical as possible in the representation he provides.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

If you are facing excessive debt, there are multiple ways in which you can fight back. Let Aho Law Office, P.A., work to help you begin building a solid foundation for the future.  To schedule a free initial consultation, call (612) 271-4047 or simply contact us online.

 

Creditor Harassment

Creditor harassment can be an incredible challenge to face every day.  Incessant telephone calls and threatening letters can make each day difficult to bear.  Collection agencies are well aware of the psychological impact such heckling can produce. They want to produce as much stress as possible in order to ensure that they receive priority over other financial obligations.

There are ways to put an end to the harassment you are suffering at the hands of creditors. Experienced bankruptcy attorney, Brian Aho, can help you understand how to enforce the Fair Debt Collection Practices Act (FDCPA).   He can also help you understand the power of the automatic stay. He will consider and explain to you all of your options; including direct negotiations with creditors, debt consolidation, debt relief agencies. Statutes of Limitations, Chapter 7 and Chapter 13 bankruptcy and various asset protection and debt relief strategies.

The automatic stay is a benefit of filing for protection under the Bankruptcy Code.  When you file for bankruptcy, the automatic stay puts an immediate halt to all collection activity, including:

  • Wage garnishment
  • Repossession
  • Foreclosure
  • Bank garnishment
  • Phone calls to your house, employer and relatives

At Aho Law Office, P.A., we believe in helping people move past their current financial difficulties in the most efficient and cost-effective means possible. Even before filing for bankruptcy, we instruct our clients to tell their creditors that they will be filing soon and to ask the creditors to contact our staff.  Because collection agencies work on commission, they are very likely to stop harassing you as soon as their profit motive has been removed.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

If you are facing harassment from creditors, there are ways you can fight back. Let Aho Law Office, P.A. work to help you stop creditor harassment.  To schedule a free initial consultation, call (612) 271-4047 or simply contact us online.

 

Stopping Foreclosure

Due to unexpected and unforeseen circumstances, hardworking families find themselves facing the very real possibility of losing their homes to foreclosure.  When you find yourself in that situation, it can be difficult to get your bearings and take effective action that can protect your home.

A key to successfully defending your home from foreclosure is taking action as soon as possible.  Too often, homeowners fail to take action for a number of reasons; such as being overwhelmed or simply thinking they can work through their financial problems.

When your home is at stake, you need to talk with a professional who can educate you about what options are available. Having that talk sooner rather than later can make all of the difference in whether or not you keep your home.

At Aho Law Office, P.A., we are committed to helping our clients keep their homes. We know families find themselves in difficult situations and we want to be there to help.   We strongly recommend that our clients come to us before the sheriff’s sale. We can stop the sheriff’s sale through the automatic stay that is part of Chapter 7 and Chapter 13 bankruptcy.

Short Sale

Short sales can offer real relief to homeowners who are facing foreclosure.   A short sale is one in which the homeowner finds a prospective buyer, and the bank agrees to accept less than what is owed on a house to satisfy the mortgage.   Short sales can save banks substantial sums over foreclosing on a property.  Let us help you put the case for a short sale to your bank.  We have helped many of our clients secure approval on short sales in the past.  It is important for you to have an experienced attorney review for you the short sale documents prior to signing them to ensure that you will not remain personally liable for any deficiency (difference between net sales proceeds and the amount you owe). Banks can trick you into signing something that appears like your debt is forgiven, when it is not.

Deed in Lieu of Foreclosure

Deed in lieu of foreclosure is another option for struggling homeowners.  In a deed in lieu of foreclosure, you sign over ownership of the property to the bank in exchange for being released from the debt.  Attorney, Brian Aho, helps people negotiate the deed in lieu of foreclosure, and all other possible options for resolving situations with banks.  You should have an experienced attorney review with you the deed in lieu of foreclosure to assure that you will not be liable for any unpaid debt.

Tax Consequences

At times, you could be liable to pay tax on forgiven debt.   Fortunately, certain exceptions might apply to you. You should consult with an experienced bankruptcy attorney and tax adviser before entering into a short sale or deed in lieu of foreclosure so you aren’t later surprised by a hefty tax obligation.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

If you are facing foreclosure, there are ways you can fight to keep your home. Let Aho Law Office, P.A., help you work to prevent foreclosure.  To schedule a free initial consultation, call (612) 271-4047 or simply contact us online.

 

Wage Garnishment

The stress of living with excessive debt can leave you feeling that no matter how hard you try, you cannot get ahead.  Many who are living under serious debt work extra jobs, take overtime and cut back on expenses in order to try and make their budgets work.

If your wages have been garnished while you have committed so much effort to righting your household’s finances, it can feel like no one wants to let you actually get back on your feet.

Attorney, Brian Aho, is committed to helping those facing wage or bank garnishments.  He understands how to stop wage or bank garnishments from happening, and in many cases if you act quickly, he can actually recover the money that has already been taken. By using Chapter 7 or Chapter 13 bankruptcy and the automatic stay that is built into them, he can stop any further garnishments, and work to get your money back.

We encourage anyone who is facing the possibility of wage garnishment or bank levy to come in as soon as possible in order to avoid garnishment altogether, or to stop the garnishment and recover the funds that were garnished.  We will consider and explain to you all of your options; including direct negotiations with creditors, debt consolidation, debt relief agencies, Statutes of Limitations, Chapter 7 and Chapter 13 bankruptcy and various asset protection and debt relief strategies.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

If you are facing the garnishment of your hard-earned wages, there are ways that you can fight back.  Let Aho Law Office, P.A., work to help you stop wage garnishment.  To schedule a free initial consultation, call (612) 271-4047 or simply contact us online.

 

Medical Bills

When serious illness or severe injuries strike, the cost of medical care can quickly spiral out of control.  Given the incredible expense of health care, it is all too easy to see how an otherwise financially stable household can be overwhelmed by a major illness or injury. Even for those who have successfully navigated life’s financial challenges previously, serious medical bills can be too much to handle.

When medical bills are threatening the financial stability of your household, you need to take action to protect yourself and your assets from the harassment of unscrupulous creditors.

Having a skilled bankruptcy attorney to help you navigate the bankruptcy or other debt relief process can maximize the benefit you enjoy.  Debt from medical bills can be unique in that any possible future medical debt needs to be considered in the pursuit of debt relief.  This is especially important to do in Minnesota because creditors often can recover on debts from spouses as well.

Attorney, Brian Aho, will use his more than 15 years of experience to help you aggressively pursue the maximum debt relief available under the Bankruptcy Code or in other ways.  He knows that his clients have often lived thorough not only the stress of excessive debt and the harassment that accompanies it, but the emotional challenges of serious illness or injury and the toll those things take on individual families.

We strive to provide compassionate representation that can afford you the greatest opportunity for a fresh start to your financial life.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

If you are facing excessive debt because of medical bills, there are ways that you can fight back.  Let Aho Law Office, P.A., help you work to find a way through your medical debt.  To schedule a free initial consultation, call (612) 271-4047 or simply contact us online.