Galewski Law Group,P.A.

Bankruptcy Might Be Your Best Dept Settlement Option, Despite What Your Bank Thinks It’s not at all wrong to give a thought about filing bankruptcy when you are in grave debt and in dire need to find a quick solution. Seeking advice from your bank about it is very natural. Banks on the other have always been seen as powerful institutions that would help the society to strengthen with the right policies. But no one would deny in today’s world that banks have prioritized their interest first over the interest of the people. They run like core business institutions and look after what is in their best interest. They lend loans to the people to seek interests from it at a particular rate and make a profit out of it. in total, they try to make more money out of the amount they have sanctioned and expect it to be returned in full within the particular time frame. So this idea of bankruptcy is something banks are never in favor of. If a person’s debts are discharged and they are no longer e...

When someone is about to apply for a loan, he may come around this word consignor, a person who plays an important role while the loan is being sanctioned. The consigner would be the one who would have signed and thus confirmed that in case the primary debtor does not meet the timeline and fails to make the payment; in that case, the consigner will guarantee the payment. So basically it will be upon the consigner to meet the payment to be made in total. The consigner would be pretty close to the loan owner; it could be from one’s family or a close friend. Thus consigner provides a double assurance to the entity who has sanctioned the loan that if in case the borrower fails to pay he is liable to make the full payment. From the words of a popular bankruptcy attorney, a consigner could be considered the most important person between the parties involved. So now if in the future borrower is finding it difficult to make the payment and is not able to handle its pressure, he may start think...