- Dept Problem
Do you have any of the following problems with the repayment of your debt?
- Difficult to repay debts due to delays in repayment
- I want to reorganize my debts and make a fresh start.
- I want to sort out my debts, but I don't want anyone around me to know of my situation.
- I have a strong desire to repay my debts, but I have a tight deadline.
- I want to know if there is a way to dispose of my debt without losing my own house.
- I want to know if I've made an over-payment on my consumer loans.
- I would like to claim a refund for overpaid interest.
Depending on the situation, there are 4 ways that you can choose to alleviate any issues you may have in regards to debt.
Four ways to solve your debt problems
In order to solve the debt problems of clients, it is necessary to properly understand the situation of the individual.
Without collecting accurate information on not only the amount of debts but also information on when it was borrowed, property owned, monthly income, and how much it was used, it is impossible to properly control a persons debts.
Since Legal Profession Corporations have experienced lawyers who are knowledgeable about debt issues, we will analyze the client's situation comprehensively and propose the best solution.
Claim for refund of overpayment
If you owe a loan from a lender, you will pay the principal of the amount you borrowed and interest corresponding to that amount.
The interest rate is set by the Interest Rate Restriction Act at the statutory interest rate (15% to 20%).
However, in addition to the fact that there was no penalty in the past even if the statutory interest rate was exceeded, another law called the Capital Subscription Act provided that the maximum interest rate was 29.2%.
It was not uncommon for moneylenders to earn interest in excess of the statutory interest rate under the Interest Rate Restriction Act.
An overpayment of the upper limit of interest (gray-zone interest rate) is called an overpayment, and the request for refund of this overpayment is called "request for return of the overpayment".
Voluntary liquidation is a procedure to repay only the amount originally borrowed over three to five years in installments by exempting the interest portion and interest burden arising from the borrowing.
Since the principal borrowed is not reduced, but the procedure is to cut the interest rate portion and reduce the total amount of payments, it is unlikely that a large effect can be expected in cases where borrowing was originally made at a low interest rate.
In other words, this procedure is effective in cases where a large amount of debt was borrowed at a high interest rate.
For example, car loans and mortgages with low interest rates can be left untouched because of low interest rates, or only loans with high interest rates can be subject to this voluntary arrangement.
Rehabilitation for individuals
Much like Voluntary liquidation, Rehabilitation for individuals also reduces the principal of the borrowed portion.
If a petition is filed with the court and it is considered to be impossible to continue paying debts as it is, the company can reduce its borrowing by one fifth to one tenth according to the total amount of borrowing.
In principle, the repayment will be made over a period of three years and at most five years, even if special circumstances are taken into account.
Although it is procedurable to leave a house with a loan, it is not possible to leave a car with a loan.
Self-bankruptcy is a procedure in which the courts accept that your debts cannot be repaid.
In the event of an Self-bankruptcy, you can write off any debts you have made up to that point, except for taxes.
However, cash in excess of \990,000, household goods and home appliances, and cars, insurance, and home ownership worth more than \200,000 will be lost.
This is a system that helps people resume their lives as a last remedy when there is no other means to do so.
Six Benefits of Consulting with Our Office
We have a great deal of experience in resolving our debt problems.
By successfully incorporating the know-how that has led us to solve a number of issues, we have established a support system that enables those who are worried about the debt problem to receive more support smoothly.
The following six benefits can be obtained from consulting our office.
Please confirm that you are currently suffering from debt problems.
① Stop reminders and repayments as soon as possible.
When you hire an attorney to settle your debt, he/she will notify the lender that your attorney has represented you and the collection and repayment of money to you will be stopped.
This office will be able to provide immediate support from the date of the contract.
② Release from Borrowing Hell without Reducing Principal
If you choose debt consolidation, the interest portion will be zero, so you will only pay back the principal you initially borrowed. Naturally, each time you repay the debt, the loan decreases, so you are freed from the debt hell of the past.
③ Bargaining power to exploit favorable conditions
In Voluntary liquidation, it is negotiated with a moneylender.
Negotiations, such as cutting interest and extending the repayment period, will change the extent to which moneylenders will accept money depending on the circumstances.
We have experienced lawyers negotiating, which increases the likelihood that you will be able to obtain more relaxed terms for future payments.
④ Can be handled without money now
I don't have any money on hand, so I don't know that I can't dispose of my debt.
Attorneys' fees can be paid in arrears or in installments.
Please feel free to settle debts even if you don't have any money at hand.
⑤ Debt reduction can be estimated in advance
By estimating how much debt can be reduced, you can decide whether to proceed.
We can estimate free of charge how much we can reduce.
⑥ Can offer free consultation
Consultations with lawyers generally seem to have a high threshold, but at our office we can provide free consultations.
We can advise you in advance of the cost of advising or resolving the problem you are facing.
What is the difference between a judicial scrivener and a judicial scrivener?
A judicial scrivener may also conduct conditional Claim for overpayment negotiations or be a counsel.
However, since it is restricted, there are limits to the range and type of response.
In the case of Voluntary liquidation, only procedures can be carried out when the amount of each claim is 1.4 million yen or less on a case-by-case basis.
In addition, in Rehabilitation for individuals or bankruptcy proceedings, you cannot file a petition in court as your agent, and you can only support the petition as a "document drafting agent."
In this way, the extent to which you can handle debt restructuring is narrower than that of lawyers. Therefore, if you are consulted, you can feel comfortable leaving it to lawyers who can support all the procedures.
The procedure for implementing debt restructuring stops the reminder!
Interview with a lawyer
Please make a reservation for legal consultation by telephone or e-mail.
We will consolidate the policy of debt restructuring in the course of interviews with lawyers.
Sending of Notice of Acceptance
Once formally requested, an attorney will send a notice of acceptance to each borrower.
This tells me that the lawyer was the representative.
Cessation of demand or collection of debts
When a moneylender receives a notification of acceptance, it becomes legally unable to collect debts or demand payment at that stage.
Determination of policy for resolution of debt problems
Attorneys acting as agents will receive transaction details from each obligor.
Based on this, we calculate the exact amount of debts and adjust the situation according to the person's ability to repay the debts.
We will decide on specific solutions while listening to the wishes of the employee, and then proceed according to each method.
Completion of debt restructuring
Debt liquidation is completed by concluding a settlement with the moneylender, deciding to commence court rehabilitation proceedings, and deciding to exempt the moneylender from liability.
Don't hesitate to consult with you for free!
Our advice is provided free of charge.
Please feel free to give appropriate advice from legal experts.
Methods for Solving Borrowing Problems by Case
Those who cannot pay for this month unless they borrow a new loan
By creating new debt to repay this month, the debt problem will not be resolved until long.
Please consider the method of debt restructuring.
You may choose to cut interest, reduce your debt to about one-fifth, or, in some cases, cancel your debt in full and restart your life.
Persons who are repaying debts of 1 million yen or more
If you have a debt of one million yen or more, you may be able to reduce your debt from one-fifth to one-tenth of the debt amount by Rehabilitation for individuals (however, at least one million yen is left, so it is effective if you have some income).
If the repayment of debts tends to be delayed at all times
If repayment is constantly delayed, people are always forced to respond to reminders and apologize, making their lives calm.
By selecting debt restructuring, you can stop these reminders, so you can think calmly about the lawyer and the problem-solving solution.
A person who does not respond to a reminder call and receives a notice of a lump-sum claim, etc.
I've fallen behind on my debt repayments and finally the collections have started on my home, you've been too scared to answer the phone, and you've received a notice of a lump sum bill at your home.If this happens, it is a very dangerous situation. In some cases, your bank account will be seized and your daily life itself will be in danger.
Please contact our office without worrying about as we can stop collection on the earliest day by selecting debt restructuring.
If you think that there is no more than Self-bankruptcy
The solution to the debt problem is another option besides the Self-bankruptcy.
There are also procedures such as "Voluntary liquidation," which reduces the amount of debts by "Claim for overpayment," which reduces the interest on borrowed debts, and "Rehabilitation for individuals," which reduces the amount of debts to a certain extent.
The most optimal means depend on your position and environment.
Please use this office's free consultation service as a veteran lawyer will consult with us, including these decisions.
For those who live in the vicinity of Nagano and suffer from debt problems
As a system for the debt problem society, measures are available to help those who suffer from debt problems.
We have attorneys with extensive experience in resolving debt problems, so we can appropriately analyze the situation of the consultants and propose effective solutions. Our advice can be provided free of charge.
You can also pay the costs in installments, even if you don't have a budget at hand, so you can take more realistic measures than you can borrow new money.
Please feel free to consult with a legal professional corporation for anyone who has a problem with debt.