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Credit Card Debt Consolidation Help  in Louisiana
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Louisiana  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Louisiana consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
 
Pertinent Louisiana  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Louisiana consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Louisiana.)

Debt Collection

Louisiana follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

-Original creditor cannot contact any person not residing or present in the debtor's home (except credit bureaus and other creditors), unless the original creditor a) is determining the debtor's current location if creditor has reason to believe he or she moved or changed jobs; or b) is seeking property owned by the debtor for seizure to satisfy the debt; or c) the debtor consented.
-Original creditor can only mail one notice per month after a debtor has told the creditor to cease communication. Said monthly notice may not be devised to threaten action.
-In addition to aforementioned monthly notice, the original creditor may make up to 4 personal contacts with the debtor in order to settle the debt.
-In the event that the original creditor sues and wins a judgment, the cease communication decree is voided.

-Maximum Interest Rate a Collection Agency Can Charge in Louisiana: 12%

Louisiana Debt Help Law

Louisiana Wage Protection: 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Texas but currently live in Louisiana, the applicable statutes of limitations would be Texas'.)

Oral Agreements: 10 years
Written Contracts: 10 years
Promissory Notes: 5 years
Open Accounts (credit cards): 3 years
Bankruptcy Courts

U.S. Bankruptcy Court
Hale Boggs Federal Building
500 Poydras Street, Suite B-601
New Orleans, LA 70130
(504) 589-7878

U.S. Bankruptcy Court
707 Florida St., Ste. 236
Baton Rouge, LA 70801
(504) 389-0371

300 Jackson Street
Suite 116
Alexandria, Louisiana 71301

214 Jefferson Street
Suite 100
Lafayette, Louisiana 70501-7050

United states bankruptcy court
300 Jackson Street
Suite 116
Alexandria, Louisiana 71301

300 Fannin Street
Suite 2201
Shreveport, Louisiana 71101

Bankruptcy Exemptions

Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Louisiana. For more information, follow this link: bankruptcy exemptions.

Real Estate, Auto, Personal Property

-Property you occupy to $25,000 (if debt is result of catastrophic or terminal illness or injury, limit is full value of property as of 1 year before filing); cannot exceed 5 acres in town or city, 200 acres elsewhere (spouse or child of deceased owner may claim homestead exemption; spouse given home in divorce gets homestead exemption)
-Arms, military accoutrements, bedding, dishes, glassware, utensils, silverware, clothing, family portraits, musical instruments; bedroom, living room, and dining room furniture; poultry, 1 cow, household pets; heating and cooling equipment, refrigerator, freezer, stove, washer and dryer, iron, sewing machine
-Cemetery plots, monuments
-Engagement and wedding rings to $5000
-Spendthrift trusts

Insurance

-Annuity contract proceeds and avails
-Fraternal benefit society benefits
-Group insurance polices or proceeds
-Health, accident, or disability proceeds
-Life insurance proceeds or avails (if policy issued within 9 months of filing, exempt to $35,000)

Public Benefits

-Aid to the blind, aged, disabled, and other public assistance
-Crime victims' compensation
-Earned income tax credit
-Unemployment compensation
-Workers' compensation

Pensions

-ERISA-qualified benefits
-IRAs, Roth IRAs, Keoghs, if contributions made over 1 year prior to filing
-Assessors
-Court clerks
-District attorneys
-Firefighters, police officers
-Gift or bonus payments from employer to employee or heirs whenever paid
-Judges
-Louisiana University employees
-Municipal employees
-Parochial employees
-Sheriffs
-State employees
-Teachers
-Voter registrars
Tools of Trade

-Tools, instruments, books, $7500 of equity in a motor vehicle used for work, one firearm for work to $500
Other

-Property of a minor child
 
 
 
 
 

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