The office is open Monday- Friday 8:30 am to 4:30-pm. Saturdays and evenings by appointment.
Law Office of
Donald S. Goldbloom
12590 National Pike
Grantsville, MD 21536
Serving all of Allegany and Garrett counties
Associate: Brandon James Hoover, Esq.
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SOME SUPRISING FACTS - DEBT AS COMMON AS THE COMMON COLD?
YOU CAN GET RELIEF
A lot of people find themselves surrounded by consumer debt, including high interest credit card bills, as well as high mortgage payments, and student loan payments. With so much debt, it may seem impossible to manage it, much less to ever be able to save money. A recent report from thesimpledollar.com reveals that the average American household has $7281.00 in credit card debt. This number includes many households who have no credit card debt at all. If the households with no credit card debt are excluded, and only those households with credit card debt are included, the household average for credit card raises to $15,609.00.
Bankruptcy is only one of many options. We also offer non-bankruptcy debt relief strategies. For modest debt we can make a referral to a reputable non-profit organization to assist with budgeting feasible monthly payments. Additionally, we can often negotiate "workout" settlements for an amount considerably less than the full debt, though there are some tax consequences. Sometimes, we may represent you in court if you feel, for example, your debt is unjust, wrongfully being collected, garnished, or calculated incorrectly. For larger debt and to avoid adverse tax consequences, bankruptcy may be your best plan. To avoid foreclosure, we can refer you to reputable non-profit agencies that can assist with a loan modification package, or in some cases we can assist by filing a chapter 13 bankruptcy. While discharging student loan debt is rare in bankruptcy, there are a multitude of relief options for possibly lowering your student loan obligation.
At the Law Office of Donald S. Goldbloom, we assist clients who are struggling to manage debt. Our representation includes matters relating to debt-relief including bankruptcy, referrals regarding loan modification, student loan matters, debt negotiation/settlement, and court representation for those being sued by their creditors.
If you are in a situation where you can no longer manage your debt yourself, give us a call to see what we can do to help you. You may simply call our office or jot an email by clicking the "Contact Us" tab here or shown above.
HOPE FOR STUDENT LOAN DEBT - SEE WHAT'S TRENDING AMONGST TODAY'S COLLEGE GRADUATES
You can click on a June 15, 2015 article, entitled What 2015 Graduates Are Saying About Student Loans by Susannah Snider, US News and World Report. It gives a snapshot of this year's graduating college students' hopes, fears, and possible solutions to student loan debt. We can assist with many of the options mentioned. We are local, somewone you can trust.
Most people think that since student loans are rarely discharged in bankruptcy, there is no hope for relief. This is far from the truth. If you have extensive credit card debt or other unsecured debt, by clearing that debt in bankruptcy, you may free up enough money with a reduced budget to pay towards the student loans. Your income drop may be severe, and yet there is still hope. Many people do not realize that there are many non-bankruptcy options for significantly reducing a student debt burden, through forbearance programs, some debt forgiveness relief, debt combination strategies, and loan payments based on income. Each person's situation is different, and by no means can relief be guaranteed. In many instances, though, a consultation regarding student loan debt relief will give you great benefit.
There is no nead to travel to the big city to be plugged into the resources that will guide you to student loan relief. You may check here for further information. You may simply call our office or jot an email by clicking the "Contact Us" tab here or shown above.
THE LAW OFFICE OF DONALD S. GOLDBLOOM AND HIS ASSOCIATE BRANDON J. HOOVER HAS MADE THESE ARTICLES AVAILABLE FOR THE EDUCATIONAL PURPOSE OF PROVIDING THE READER WITH GENERAL LEGAL INFORMATION, NOT LEGAL ADVICE SPECIFIC TO THE READER’S SITUATION. THE READING OF THIS ARTICLE SPECIFICALLY DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP.
THE READER AGREES, UNDERSTANDS AND ACKNOWLEDGES THAT THE INFORMATION CONTAINED ON THIS WEBSITE DOES NOT CONSTITUTE LEGAL OR OTHER PROFESSIONAL ADVICE AND NO ATTORNEY-CLIENT OR OTHER RELATIONSHIP IS CREATED BETWEEN THE READER AND OUR FIRM.
THE READING OF THIS ARTICLE IS NOT A SUBSTITUTE FOR OBTAINING LEGAL ADVICE FROM A QUALIFIED ATTORNEY LICENSED IN YOUR STATE. THE INFORMATION IN THE ARTICLE MAY BE CHANGED WITHOUT NOTICE AND WHILE WE MAKE OUR BEST EFFORTS FOR OUR ARTICLES TO BE ACCURATE, THERE IS NO GUARANTEE THAT THE INFORMATION CONTAINED HEREIN IS COMPLETE, CORRECT OR UP-TO-DATE.
FOR LEGAL ADVICE REGARDING YOUR SPECIFIC SITUATION, PLEASE CONTACT A LICENSED ATTORNEY IN YOUR STATE.