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Debt Relief Attorney in Shaker Heights, Ohio

Sam Thomas III, Esq. & Associates is a debt relief agency. Our core mission is to help people achieve their financial goals and provide the tools to help maintain financial comfort once reached. We specialize in helping people who have become unable to maintain their current lifestyle or even make minimum regular monthly payments. Debt relief is even more critical in the midst of the COVID-19 pandemic, which has rendered people throughout the United States unable to meet their financial obligations.

While we will tailor a debt relief plan that best fits your personal and financial circumstances, some of the debt relief options include:

Bankruptcy

Bankruptcy is a legal process that happens when you do not have enough money to timely pay all of your debts. There are two main types of bankruptcies for individuals.

  • Chapter 7 bankruptcies provide a solution for extreme situations where the debtor cannot repay his or her debt and this process eliminates debt by canceling/discharging all or a portion of the debtor’s outstanding debts, which may include the sale of the debtor’s assets.

  • Chapter 13 bankruptcies do not necessarily require the sale of the debtor’s assets and the debtor and his or her creditors may negotiate new terms/balances and establish a new repayment program that is feasible and affordable.

Tax Resolution

Tax resolution includes a wide range of tax-related services for you, which require a custom-made plan to best fit your specific situation and needs. Some of the services include tax compromises and negotiations (Installment Agreements, Offer in Compromise, Penalty Abatement, IRS Tax Payment Plans, and Audit Representation to name a few), prior year income tax returns preparation, back tax and penalty debt relief, bookkeeping, and annual person or corporate tax return preparation. We will help stop the IRS harassment and fix your tax problems while protecting your income.

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Foreclosure Prevention

Foreclosure prevention relief depends on your situation, which may be pre-foreclosure (no foreclosure lawsuit has been filed against you) or pending-foreclosure (you have received notice of a pending foreclosure lawsuit, ordinarily by receiving a court summons and complaint). In either situation, we will actively negotiate with the lender to determine the best solution for you, which may include foreclosure defense, negotiation of a loan modification, securing refinancing or pay-off of your mortgage debt, Cash-for-Keys, short sale, and more.

Wage garnishment protection

Wage garnishment is a common problem for millions of Americans. Wage garnishment is a process used by a government agency, such as the IRS or Child Support Collection Agency or by creditors after obtaining a judgment in court, by delivering to your employer paperwork ordering your employer to pay a portion of your paycheck to the government agency or creditor before you ever receive your check. Wage garnishment protection can include proactively arranging your funds and finances to prevent or minimize garnishments. We can also negotiate with your creditor to get it to agree to a reduced balance and/or a repayment plan to prevent the financial burden and embarrassment of a wage garnishment, challenge the garnishment, challenge any underlying judgment against you or even erase the garnishment through bankruptcy and/or other debt relief.

Debt negotiation/Debt settlement

As with all of the above tax relief options, we will always attempt to negotiate and settle your debts with the appropriate government agencies and/or creditors. Debt settlements may include the payment of a reduced-balance lump sum or a repayment plan with reduced or no further interest and/or penalty accumulation.

Our plans of action and debt relief programs are proven methods for helping people become debt-manageable or debt-free using these and other avenues.