Monday, November 19, 2018

2018 BEST GUAM LAW OFFICE! THANK YOU GUAM!

Thank you Guam for voting our office 'Best Law Office' 2nd year in a row! After all the hard work we give, it is truly an honor to be thanked this way.






Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website, www.GuamLegal.com.

Tuesday, July 24, 2018

Waiting to file Bankruptcy can hurt you

By the time most people declare bankruptcy, their well-being and peace of mind, and financial life are all damaged, including family relationships, undermining the fresh start the law offers to those with debts beyond their ability to pay.

The time a person waits before filing bankruptcy is sometimes known as the financial “sweatbox.” According to a 2018 Notre Dam Law Review Study That’s the period when people are facing loss of assets including homes, wages and retirement funds, debt collection lawsuits and forgoing basic necessities like food to avoid filing bankruptcy.

Some people look at bankruptcy as financial and personal failure.  Often health and peace of mind and retirement funds are wasted in the attempt to pay debts which are beyond the ability to pay. And creditors will collect every penny, that is their job. Our job is to help you. Please understand that the improvement to Debt-to-Income ratios and elimination of derogatory credit reporting resulting CAN give you the higher credit scores, EVEN WITH bankruptcy on your record.



Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website, www.GuamLegal.com.

Tuesday, June 19, 2018

BANKRUPTCY CAN HELP

Filing for bankruptcy may help

Ask yourself these questions, are you struggling with debt? Only paying the minimum balance on your credit cards each month? Are you behind on mortgage or car payments? Losing sleep because of the stress and uncertainty of your financial situation?

We realize nobody likes to talk about their financial problems; about creditor harassment, home foreclosure, car repossession, lawsuits, wage garnishments and judgment liens. 
You are not alone. We can help. 

Stop foreclosure NOW

Stop wage garnishments NOW

Stop collection harassment NOW

Stop repossessions NOW
 
Call Now 637-9620.  www.bankruptcylawyerguam.com
 
Call the Law Office of Mark Williams.  We are Guam’s Best Bankruptcy Lawyer.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website, www.GuamLegal.com.

Thursday, May 10, 2018

If you have been served with court papers from a creditor, we can help STOP that action.

A Chapter 7 case can allow you to discharge most or all of your debts and receive a fresh start.  A Chapter 13 repayment plan can help you solve your financial problems by consolidating your debts into one monthly payment.  It can also help you keep your property while preventing creditors from collecting from you.
 
In most cases, we can start work on your case with a deposit and the balance on EASY TERMS.
 
If you are not sure what to do, please call at 637-9620 or 637-9621 for a free friendly telephone consultation.

Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website, www.GuamLegal.com.

Sunday, March 11, 2018

TOO BROKE FOR BANKRUPTCY?

Thousands of people will soon get their tax refunds, and many will finally be able to afford the protection of their family, their paycheck and their property which they have needed for a long time, if not years:  bankruptcy protection

The number of bankruptcy filings usually jumps way up in March, when tax refunds go out, and stays high through April, and then declines.

The problem seems to be that bankruptcy often fails those it’s supposed to help.  People see that they are too broke to go bankrupt.  Filing costs money, as does hiring an attorney, which is the best way to make sure you actually get the debt relief you need.
“Bankruptcy is kind of a worthless solution if you can’t pay because you don’t have money,” said one man who lives in a tin-roof home in a rural area.  “The law isn't there to protect us.”
People say the same thing again and again: If they had $1,500 to pay an attorney, then they probably wouldn’t need to file bankruptcy in the first place!  This ignores the fact that the attorney’s fees are far less than the typical amount of debt that can be discharged in bankruptcy.

People who hire lawyers to help them file bankruptcy have their debts wiped away in almost every case, which is not true for most cases not filed by an attorney.  Those who file alone are often unsuccessful in wiping out their debts and make costly mistakes and miss out on rebuilding their credit scores and protecting their family, property and take-home pay. 

“If there was adequate access to our legal system for those who need it most,” a judge has said, vulnerable people with debt “would not be subject to the fraud artists who claim to be able to prepare bankruptcy without an attorney.”
Individuals can avoid most of the up-front costs of filing bankruptcy by filing under Chapter 13.  Unlike Chapter 7, Chapter 13 is a payment plan that usually lasts five years, and the fees, which are set by the court, are higher for a Chapter 13, but these fees can be paid over the 5-year plan.  And like Chapter 7, the protection against creditors is immediately when the case is filed. 

There are thousands of financially struggling households, many of which would benefit from bankruptcy protection and re-building their credit.  The reasons someone may or may not file for bankruptcy can be complex, and most of the information distributed to the public is wrong, or is sourced from the deep-pocket financial industry for which bankruptcy is the most hated of options, for only one reason:  it is the only option that can absolutely prevent the collection of your debt, because it is based on Federal Law, and so it is supreme over all legal claims and actions taken against you to collect dischargeable debt by your creditors.

The clear issue is affordability.  And so, if attorney fees are the concern, the good news is that there are options to take care of the issue of affordability.  Do not hesitate to talk to an experienced bankruptcy attorney for a free consultation to understand all of your options.


Attorney Mark Williams has over 22 years of experience in turning around people's financial situation.  He can help you too. #1 trusted bankruptcy attorney in Guam.  The Law really is on your side.

Check out more valuable information about Guam's Laws and working with

Mark Williams, Guam's Best Lawyer, on Dededo Law Office's websites: www.guamlegal.com www.bankruptcylawyerguam.com  www.injurylawyerguam.com                




Tuesday, February 20, 2018


Bankruptcy And Car Loans

Personal bankruptcy offers a number of options to address an “too expensive car” problem.


If you’re already in arrears the easiest choice would be to use the power of bankruptcy to cancel contracts and surrender your vehicle back to the lender. In a Chapter 7, any deficiency balance will be discharged as an unsecured debt. 

However, the good news is that under a Chapter 13, any deficiency balance will be paid as an unsecured debt, often at pennies on the dollar – and only if the lender bothers to file a proof of claim as required.

There are several other tools available in a Chapter 13 bankruptcy. 

For example, if you want to keep your car without the "too expensive" loan, then another option would be to restructure the car loan as part of a Chapter 13. 

If your car loan was originated more than 910 days (about 2 ½ years) prior to filing, a Chapter 13 "cram-down" this can allow you to modify the interest rate, reduce the principal to the blue book value of your car, and extend the term for 5 years, all of which has the effect of lowering your car payment, and if you owe substantially more than the value of your vehicle, or if your interest rate is much higher than the market interest rate, this "cram-down" can save you thousands of dollars!

If you cannot restructure the car loan, another Chapter 13 tool available would allow you to reduce your monthly payment by including the unpaid balance in your Chapter 13 plan, and setting a monthly payment that fits your budget.
Obviously, the decision to file a Chapter 7 or Chapter 13 should be made in consultation with an experienced bankruptcy lawyer and with full knowledge about how bankruptcy will impact you.  But if you have one or more car loans that are causing you problems with payments, you should learn about and consider all of your legal options.

Attorney Mark Williams has over 22 years of experience in bankruptcy.  He can help you too. #1 trusted bankruptcy attorney in Guam.  The Law really is on your side.

Check out more valuable information about Guam's Laws and working with

Mark Williams, Guam's Best Lawyer, on Dededo Law Office's websites: www.guamlegal.com www.bankruptcylawyerguam.com  www.injurylawyerguam.com                


Wednesday, February 07, 2018

Car loans are our most expensive purchases next to a home loan. According to an article in USA Today, the average cost of a new car or truck is $33,500.  Due to lenders now extending car loans to 72 months or longer, when you factor in interest rates, you can easily find yourself responsible for $40,000, $50,000 or more.

Despite popular belief, cars are not an investment asset the reason is because vehicles do not appreciate, they always depreciate.  In many cases if you finance a vehicle over 60 months, you may actually owe more on your auto loan than the vehicle is worth. 
When a vehicle is underwater (owe more than the value of an asset) the loan can't be eliminated by simply selling the vehicle.

A great example of this type of situation that could cause a calamity would be in the event of a car accident, where a car is "underwater", not only do insurance premiums rise due to an accident claim, but typically insurance benefits are based on the replacement cost, or blue-book value,  and not the higher loan balance, so that a car loan which is "underwater" results in you having a balance to pay for a car (which you no longer own after the car has been destroyed in an accident)!
Unexpected changes in income due to a job loss or change in the family, illnesses, "underwater" insurance payouts after an accident, or any number of other factors could turn that car loan into a major financial headache.

Bankruptcy and Car Loans


Personal bankruptcy offers a number of options to address this “underwater car loan” problem.
The easiest choice would be to use the power of bankruptcy to cancel contracts and surrender the vehicle back to the lender.  This is only possible in bankruptcy, because any remaining loan balance would be subject to elimination, or discharge.  Outside of Bankruptcy, you would still owe the "underwater" portion of the car loan balance.

Another option would be to use Chapter 13 of the Bankruptcy Code to restructure a car loan for a vehicle you wish to keep.  
Chapter 13 can often allow you to lower your car loan expense by reducing the principal and lowering the interest rate, and extending the loan term up to an additional 5 years. 

Depending on the balance of your car loan, this strategy can save you thousands of dollars.
Obviously the decision to file bankruptcy should be made in consultation with an experienced bankruptcy lawyer.  However, if you are having problems with car payments, you should certainly learn about and consider all of your bankruptcy options.  

We can help - Ask us how!







Check out more valuable information about Guam's Laws and working with Mark Williams, Guam's Best Lawyer, on Dededo Law Office's website, www.GuamLegal.com. http://www.injurylawyerguam.com/  http://bankruptcylawyerguam.com/

Monday, January 22, 2018

STOP ROBBING PETER TO PAY PAUL


Most people think of Bankruptcy as the end of their financial borrowing life.  We've heard, "Oh, I won't be able to buy a house or a car or get loans again".  This simply is not true.  Bankruptcy is a federal program that is designed to help you.  It's about protection; you just have to file the right chapter that is going to be most beneficial to you.  Attorney Mark Williams can help you; he's been helping people and businesses get financially on track for over 25 years; he can do the same for you.

WHAT ARE THE DIFFERENT TYPES OF CHAPTERS IN BANKRUPTCY?

Most commonly used are Chapter 7, 11 and 13

Chapter 7 is probably the most commonly used of all 3 mentioned because it is considered a 'straight' bankruptcy and because it causes the greatest amount of debt relief.  


Chapter 11 is usually used by corporations or big businesses; although individuals can also file for Chapter 11.  With Chapter 11, there are no liquidation of assets and removal of debt; rather, the debts and assets are reorganized into a repayment plan.  If you own a business, under Chapter 11 you can continue operation.


Chapter 13 is for individuals; it is similar to a debt consolidation, but is done through a court system; but most importantly it protects your home, your retirement and belongings to say the least.

Call now at 637-9620.  Consultations are free. 


Attorney Mark Williams has over 22 years of experience in protecting the rights of injured victims.  He can help you too. #1 trusted bankruptcy attorney in Guam.  The Law really is on your side.


Check out more valuable information about Guam's Laws and working with


Mark Williams, Guam's Best Lawyer, on Dededo Law Office's websites: www.guamlegal.com www.bankruptcylawyerguam.com  www.injurylawyerguam.com                


Sunday, January 14, 2018

Financial First Aid

Many people do not want to think about financial burdens and problems as they go into the New Year.  Even as people start creating their new budgets for the year at hand it may become clear that there isn’t enough money to go around.  Anxiety can creep in at that point and individuals start thinking about second jobs and the longer they think about that, they realize they’ll never see their families or wonder how would anyone be able keep up with that kind of schedule.

We’re here to tell you there is Financial First Aid.  Bankruptcy isn’t what your Momma told you.  Bankruptcy is a federal program that is designed to help you.  It doesn’t take away all your assets.  It doesn’t stop you from borrowing for 7 years.  It doesn’t ruin your name, etc.

Let us tell you what it really does.  It can give your life back.  It can help you get your finances under control and in some cases, improve your credit score.

We’ve heard people say, ‘I made my bed, I gotta lie in it’.  This is just wrong thinking.  Bankruptcy isn’t about people not being responsible; its about people needing a helping hand.

At The Law Office of Mark Williams, we will be your helping hands.  Give us a call, the consultation is free and you’re going to get some good information about what Bankruptcy is really all about.  Call 637-9620.  There is a solution.

Attorney Mark Williams has over 22 years experience in turning around people's financial situation.  He can help you too. #1 trusted bankruptcy attorney in Guam.  The Law really is on your side.

Check out more valuable information about Guam's Laws and working with

Mark Williams, Guam's Best Lawyer, on Dededo Law Office's websites: www.guamlegal.com www.bankruptcylawyerguam.com  www.injurylawyerguam.com