You might be surprised to hear a bankruptcy attorney say that filing for bankruptcy may not be the best route to take. But, the fact is, it’s not right for everyone. That’s why I’ll never try to sell bankruptcy as a solution; instead, I’ll fill you in on how federal law may or may not work for your specific situation and share available alternatives with you. Over the years, I’ve created all types of debt repayment programs to effectively keep my clients out of bankruptcy court.
Whether you’re an individual, a corporation, a partnership, or a sole proprietorship, bankruptcy alternatives include:
- Out-of-court agreements with creditors, including debt negotiations and settlements
- Debt consolidations
- Loan modifications
- Short sales
- Credit counseling agencies; work with a reputable organization to negotiate lower interest rates and/or lower monthly payments with your creditors
- Re-evaluating your budget; think about reducing expenses, increasing income, or selling property
Each bankruptcy alternative has benefits and drawbacks but, used wisely, can move you toward financial freedom. I’m well-versed in all the bankruptcy alternatives available to you and I’d love to sit down with you, come up with an action plan, and help you immediately begin to resolve your debt issues. Call today to get started.