How Can You Pay Off A Legal Bill

Problem:

I live in Colorado. I had a dispute regarding a bill with my lawyer few years back. We fought the case in the court and he won it. Now I have to pay the entire bill amount plus 15% interest to the lawyer. The total bill amount is around $20,000. I want to pay off the bill as early as possible. Unfortunately, I work in a small company and dont earn a hefty amount of money each month. That is why it is becoming quite difficult for me to repay the bill. I have tried to contact the lawyer a number of times, but he is not responding. I dont have sufficient money to get help of an attorney. What should I do? Please help.

Solution:

Going through your query it is quite clear that you are in deep financial problem. If you have incurred a huge legal bill in Colorado and need to pay it off, then it is advisable to make regular payments to the lawyer. You should at least try to pay the lawyer according to your affordability. You can keep aside a portion of your salary for making payments to the lawyer every month. Moreover, you may send a letter to the lawyer informing him that youll pay the bill after getting your salary each month. It is better to specify in the letter that you do want to pay off the bill as soon as possible.

You can even contact the lawyer to negotiate an alternative repayment plan. If he is not responding or you are unable to reach an agreement with him, then get help of a Colorado debt settlement program. This program will help you pay off the debt comfortably. However, Colorado debt settlement companies offering this program charge a fee for their services. Since you have already mentioned that you dont have much money in your account, it is better to settle the debt on your own. Try to save around $8000 - $10000 in the next few months. Once you have done that, send a settlement letter via certified mail to the lawyer. You can call the lawyer after receiving the receipt reflecting that he has received the letter.

Finally, if your lawyer refuses to accept the settlement offer, then youll have no option but to send regular payments to him. In the long run, your lawyer may contact you and decide about a repayment plan. Since your lawyer has won the case, youll have to make the payments to him by any means. Otherwise, he may request the court to issue a wage garnishment order or impose a lien on your property. This will lead you to deeper financial problems.

You have read the best review article categorized by tax attorney and the title How Can You Pay Off A Legal Bill. You can bookmark or spread this post by using this URL https://taxattorneytips.blogspot.com/2013/01/how-can-you-pay-off-legal-bill.html. Thank You!