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Bankruptcy is the primary practice area of the Law Offices of Stephen P. Levesque. Our proven Rhode Island bankruptcy attorney assists clients during one of the most difficult and stressful times of their life, helping them find the light at the end of the tunnel. There is life after bankruptcy, and your financial future is far from ruined. Bankruptcy is a tool that can help you find relief from overwhelming debt. When used appropriately and carefully managed, it can be the most strategic move for your regaining control of your financial situation.
A Chapter 7 bankruptcy offers you a way to rid yourself of debt and start over. In most of these cases, our clients have a large amount of debt in unsecured bills along with very few assets. Filing for chapter 7 bankruptcy can often completely eliminate these debts and allow you to move on with your life. However, it is important to fully understand how the process works and how it pertains to your personal finances. The Chapter 7 bankruptcy attorney at the Law Offices of Stephen P. Levesque has over 20 years of experience helping people like you get back on their feet.
Chapter 7 bankruptcy allows for the liquidation of most forms of debt, such as:
However, there are some limitations on which debts can be discharged, including:
If you want to keep certain secured debts like your house, you can sign a voluntary reaffirmation agreement. This means that you will still owe that debt and are responsible for continuing to make payments on it.
If there are debts you want to reaffirm, it needs to be done before filing for debt discharge.
While it is not common to be denied when filing for a Chapter 7 bankruptcy in Rhode Island, it could happen if you:
Having the burden of debt that you can’t afford to repay can impact your quality of life and emotional well-being. Chapter 13 bankruptcy is an option that can eliminate these financial worries by establishing a fixed monthly debt payment based on your income. The bankruptcy lawyer at The Law Offices of Stephen P. Levesque has the special blend of compassion and years of specific bankruptcy specialization necessary to provide you with premier legal counsel.
Chapter 13 bankruptcies, sometimes referred to as a “wage earner’s plan,” is designed for individuals who earn an average income but have accrued more debt than they can afford. The court reviews your finances and then creates a plan to discharge some of the debt and reorganize the rest into manageable installment payments for three to five years.
Filing for Chapter 13 bankruptcy may help our clients in any of the following ways:
If you follow the terms outlined in your Chapter 13 bankruptcy agreement, whatever debt remains at the end of three to five years is typically discharged.
Chapter 13 bankruptcies entirely hinge on the repayment plan proposed by the debtor. For clients in Rhode Island, we advise speaking to our Chapter 13 attorney for help crafting a plan that is reasonable, achievable, and best serves your interests overall. At The Law Offices of Stephen P. Levesque, we will account for important considerations that will be reviewed closely by the court, such as defining your disposable income and ensuring you will pay your creditors as much as they would receive if you had filed Chapter 7 bankruptcy instead. Our lawyer possesses a vast knowledge of state and federal law and can help you navigate the process and draft your legal documents. Fill out our convenient online form today or call us at (401) 216-4188 for a free consultation.
It is not uncommon for creditors to implement extreme and violating measures when attempting to collect debts. If you are receiving constant phone calls at all hours, a flood of threatening letters, or other scare tactics, it is important to know that it is unfair and illegal for you to feel intimidated and additionally stressed during what is already a difficult time in your life. Fortunately, there are several solutions to creditor harassment. Whether you are interested in the immediate relief of filing for bankruptcy or want to collect evidence to construct a harassment case, our Rhode Island bankruptcy lawyers are ready to discuss your options and do what we can to relieve your anxiety.
In 1978, the federal government passed the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. Since then, Rhode Island has added additional state laws that further prohibit harassment by debt collectors and protect individuals and businesses throughout the debt collection process.
Legal debt collection measures include:
Conversely, illegal actions include, but are not limited to:
Debt collectors know how to extort struggling debtors to the utmost degree, charging fees that can add up to even more than the original debt. A Rhode Island creditor harassment lawyer can help you negotiate a repayment plan that ensures you are not being taken advantage of due to your vulnerability. Our firm has 20 years of experience specializing in bankruptcy matters and can help facilitate a debt settlement process that is fair and respects your rights. You do not have to face the harassers alone.
Are you currently facing:
If so, it may be time to contact a Rhode Island bankruptcy lawyer. With the assistance of a debt relief attorney, you can hear the financial options available to you and explore the pros and cons of how each choice would play out in your life. Together, we can decide which option is best for you and the future you are trying to build.
If you failed to pay your taxes on time and are unable to pay the lump-sum now, one of our Rhode Island bankruptcy attorneys can help you understand your other tax relief options. Whether through creating an installment payment plan that allows you to gradually pay the debt or by declaring personal bankruptcy, we want to give you your financial breathing room. Our firm can also pursue an offer in compromise, which helps taxpayers find ways to cut down their debt payments.
The threat of having your comfort and safety taken away from you through foreclosure can be overwhelming and deeply upsetting. It can be easy to feel stressed and uncertain about the future, but the good news is you do not have to handle this process alone. Call the Law Offices of Stephen P. Levesque and speak to a Rhode Island foreclosure defense attorney about what you can do to fight foreclosure orders.
Together, we can review your financial situation and create a plan that may help you avoid foreclosure altogether or at least delay it long enough for you to prepare for your next step.
In the past, banks have been known to consider:
When you turn to our firm for foreclosure defense, you can rest assured that you will be getting personalized and attentive legal representation throughout your case. Join the extensive list of people we have helped save their homes over the past 20 years. Together, we can explore the options available to you concerning your potential foreclosure, as well as looking into what can be done about the debt that led to this situation in the first place.
A loan modification is a restructuring of your current loan in order to secure more favorable terms for your financial situation. Typically loan modifications bring a rate reduction as well as a temporarily fixed rate in order to provide some immediate relief. Lowering your monthly payments can prevent foreclosure, and give you time to reorganize your finances. The Rhode Island loan modification lawyer at the Law Offices of Stephen P. Levesque is ready to help you reclaim your quality of life.
In order to qualify for a loan modification, you must prove you are struggling financially in a significant way. One of the most common ways to accomplish this is to file for bankruptcy. However, this is not a decision that should be taken lightly. Before you make any moves towards securing a loan modification, you should speak to a bankruptcy lawyer who can give you experienced and personalized counsel on the specifics of your case.
We may be able to convince your bank to agree to:
If you are not able to make your current monthly payments, you need immediate help. Don’t let the bank ignore you or your lender continue to make money off of your interest. Our Rhode Island loan modification attorney knows how to communicate with and get answers from your mortgage servicing company. We can review your finances, present your needs to your lender, and propose the plan that best provides for you to get back on your feet.
A wage garnishment is when the court orders your employer to withhold a portion of the earnings from your paycheck and send it to your creditor instead. There are many guidelines determining which garnishment rules apply to you and your case. If some of your money is being kept from you, you should speak to a Rhode Island wage garnishment lawyer to ensure the legal limits on how much can be garnished is not being exceeded. When you are already in debt, the last thing you need is someone taking advantage of you and violating your rights.
While wage garnishment orders are a means for creditors to secure the money they are owed, it is not intended to ever put you in a place where you are no longer able to pay for your non-optional living expenses. Rhode Island laws are even stricter than the federal limits, meaning that no more than 25% of your disposable earnings can be garnished. Additionally, Rhode Island law gives a grace year where your salary cannot be garnished if you were a recipient of state or federal welfare.
While wage garnishment orders are typically limited by certain deadlines and thresholds, there are exceptions including:
Wage garnishments are surrounded by a complex web of guidelines, exceptions, and complex legal language. An experienced Rhode Island bankruptcy lawyer can not only provide sound legal counsel, but also help simplify the wage garnishment process. Our attorney takes the time to speak to clients one-on-one whenever they need him.
Many of our clients have seen significant rises in their credit score, purchased new cars, and leased houses after declaring and recovering from bankruptcy. Bankruptcy is serious, and nothing you should enter into lightly; but when it is the right choice for your situation, it can help you take back your financial future.
We can help you understand the differences between bankruptcy chapters, how to start filing, what it means for your credit score, and more. Call (401) 216-4188 to arrange your free consultation with our Rhode Island bankruptcy attorney. You can also learn more about Stephen P. Levesque and Rhode Island bankruptcy by tuning into his Sunday radio show on WPRO 630 AM called, “Legal Tips”.
At our law firm, we promise you knowledge, compassion, and experience. Since 1997, his years of courtroom experience means you will know all your options and you will have a lawyer with the experience to represent you no matter how complicated your case may be. Stephen will fight for you and fight for your best interests. This results in exceptional representation. Stephen is that lawyer you know you can count on to stand by you. Whether at court, during negotiations, or through every legal document, motion, or pleading he prepares, Stephen is aggressively advocating for you. Stephen uses his insight, knowledge, and experience to provide valuable legal information to many people with his radio show on News Talk 630 WPRO. Whether it’s a large or small legal matter, he offers helpful advice that can point listeners in the right direction.