When debts of almost any type begin to mount and are not being paid, they do not simply go away, but they do continue to pile up with interest and penalties. The instinct of many in this situation is to run and hide in hopes that the situation will resolve itself, but the fact of the matter is that it will not. In fact, the situation will only get worse. If you face this problem, you need to deal with it, and you can start by contacting experienced San Diego tax and debt negotiation lawyers. Below is a brief overview of each of these types of debts and how they can be eventually eliminated.
While general creditors do not possess the authority and power that tax authorities have, they can make life miserable for someone as well. Anyone who has been delinquent on consumer debts understands that the phone calls and the letters can be relentless to the point where they ruin a person's quality of life.
However, those who owe these types of debts to general creditors have leverage working for them that does not exist with taxing authorities. This leverage is the threat of not being paid at all by way of filing for bankruptcy protection. In these troubled economic times, most creditors understand that if they push a matter too far, they will face the risk of losing all that they are owed.
Therefore, working with skilled San Diego tax and debt negotiation lawyers could have you on the fast track to a resolution. These types of professionals can negotiate with creditors to not only eliminate the interest and late fees, but in many cases they can settle a debt for a portion of what was owed.
However, this process of eliminating these debts can only begin if you seek the help of professionals who understand how to obtain the results you need. If you're ready to put an end to your stress, contact the San Diego tax and debt negotiation lawyers at the Golden State Law Group today to schedule a free initial consultation.