Bankruptcy Law Firm – How Do Bankruptcy Attorneys Work With Other Legitimate Attorneys?
The Department of Justice has entered into an agreement with nationwide consumer bankruptcy law firm Deighan Law LLC, formerly known as Up Rights Law and doing business as Upalty Law. The agreement, which is in the final stages, is expected to result in a final settlement of the approximately $700 million worth of claims brought by consumers between 2021. In a related matter, the FTC entered into a similar agreement with nationwide consumer debt relief service provider, Genesys Lawyers. This brings to light the fact that there are various entities involved in this process of settling debt for consumers. This article provides insight on how you can go about dealing with your debts.
Deighan Law was sued by the Federal Trade Commission for its deceptive and misleading conduct in marketing a chapter 7 bankruptcy attorney program to consumers. It also faces a suit by the New York State Department of Financial Services for not correctly educating clients as to the nature of a chapter discharge. The New York State Department of Financial Services is seeking compensation for the breach of trust.
The settlement between Deighan and New York is part of the FTC’s efforts to protect consumers from fraud and to encourage creditors and debtors to settle their accounts. It is important to note however that debtors are not required to pay any fees to debtors’ lawyers. Once the negotiations start, the lawyers negotiate with both the creditors and the debtors on behalf of the debtors. These negotiations result in the reduction of debt and any other terms agreeable to both the debtors and the creditors.
Once the negotiations are over, the debtors have no other option but to pay the balance of their accounts, including the interest and fees. The Bankruptcy Law Firm then sends a letter to the creditor to inform them that the debtors have chosen to file for bankruptcy. The letter informs the creditor that if they do not accept the account, they will be forced into automatic stay (lifting the statute of limitations) and may be penalized for refusing to accept the account. The Bankruptcy Law Firm then files an application with the court to force the creditor into involuntary stay and to notify them of the date and time for the start of an auction sale of the debtors’ accounts. In the event of the bankruptcy case being dismissed by the court, the bankruptcy attorneys return the money to the debtors, along with any interest and fees.
One thing to remember is that the Bankruptcy Law Firm does not provide legal advice to distressed consumers. They are not attorneys and cannot give out legal advice. This does not mean that the Bankruptcy Law Firm cannot offer some good sound financial advice to distressed consumers. The Bankruptcy Law Firm can refer their clients to an attorney who can help them and provide the best sound legal advice.
The Bankruptcy Lawyers work in conjunction with other reputable bankruptcy attorneys and work hard to ensure that their client gets the best legal advice and gets the best deal possible. It is important to remember that the Bankruptcy Laws are in place to help the distressed recover from their situation and if you are in a situation that makes it difficult for you to repay your debts or if you have fallen into circumstances where you have little money to pay your debts, then you should contact the Bankruptcy Law Firm to get some relief. The Bankruptcy Lawyers will work closely with you and will work hard to make sure that you receive the best settlement possible. We understand that this is extremely difficult for you need someone to fight for your rights. Let us know more about this by clicking on the given link Arizona bankruptcy lawyer.