1. Does LASPD help people by filing bankruptcies?
- NO. LASPD is not a bankruptcy program. If you are able to file a Chapter 7 bankruptcy, the discharged debts are eliminated. This is not the case with the debts that are accepted by LASPD. The main goal of LASPD is to get your creditors to cease all collection efforts.
2. Can I do this myself?
- Yes. However, our attorneys have experience dealing with creditors and LASPD is known to creditors across the country.
3. What kinds of debt can LASPD help me with?
- LASPD can help you with what is called unsecured debt. This kind of debt includes credit cards and medical bills.
- LASPD cannot help you with what is called secured debt such as home mortgages and car loans.
- LASPD also cannot help you with things like current utility bills, rent and real estate taxes.
4. If I qualify for representation with LASPD, does that mean I will no longer owe my creditors any money?
- No. Our goal is to have the creditor cease collection activity against you.
5. Can I own a home and still qualify for legal representation with LASPD?
- Yes. Representation depends on the amount of equity in your home and the laws of the state where you reside.
6. Is it possible to earn any income in addition to the income that is protected by law?
- Yes. Your additional income may be protected depending on the laws of the state where you reside, the amount of income and the source.
7. May I keep a credit card if I am in the program?
- You may keep one credit card for necessities (e.g., food, gasoline, prescriptions, or for an emergency) as long as you are able to pay the entire balance each month when you receive the credit card statement.
8. If a relative assists me with my monthly payments, do I have to list that help as income?
- Income received from a relative or friend is generally considered to be paid voluntarily and is not required to be listed.
9. When do I stop paying the creditors that I’m talking to you about?
- You can stop when you receive your client acceptance letter.
10. Will LASPD representation help my credit score?
- No. Since our lawyers are only explaining to your creditors why you can’t pay your bills and why they should cease collection activity, the result of their efforts is usually “peace of mind” but not an improved credit score.
11. How do I receive an application from LASPD?
- You can start the application process now by clicking here or you can call our administrative offices at 1-866 -785-DEBT (3328).
12. How much does it cost to use LASPD?
- Currently, there is a one-time enrollment fee of $260.00 and a monthly retainer fee of $35.00 for a recommended period of at least twelve months.
- If the $260.00 is difficult for you to pay at once, an installment plan is available.
13. If I do not qualify for legal representation with LASPD, can you still help me?
- Yes. LASPD may be able to suggest alternative solutions to your financial problems.