Alternatives to Bankruptcy

Bankruptcy Attorney Assists in Debt Relief through Bankruptcy Alternatives

Bankruptcy can only be done once every eight years and so should be used only as a last resort. At Price Law Group a bankruptcy attorney goes over your financial situation and advises as to workable alternatives to bankruptcy. After you decide which one is right for you, our attorney assists you in carrying out your plan for debt relief.

Debt Negotiation

Where you have only a few, large bills, debt negotiation is often successful. Instead of making your monthly payments, you save up your money. Then our attorney contacts your creditors one at a time and negotiates for a lump sum payoff at 40% to 60% of the balance.

Debt Consolidation

If you have many creditors at high interest rates, you may seek an advantageous debt consolidation. Usually this entails finding a creditor who will offer you a low interest loan enabling you to pay off your high interest loans. This can save considerably on interest but you must be sure you can make the new payment as the new lender will usually insist on security.

Debt Litigation

Sometimes the cause of your debt worries is simply an unjust claim. We can examine the claim and formulate defenses. We then contact the creditor and negotiate for adjustment. If we reach no agreement, the matter is resolved in court through debt litigation.

Help for the Homeowner

Since the economic downturn many homeowners have experienced a loss in home value and as well as income. This has caused many to fall behind in their home loan payments. Our attorney can negotiate with the lender for a loan modification with a lowered balance and more affordable payments.

If loan modification is unsuccessful and you cannot make your payments, you may seek a short sale. You obtain a buyer at the best possible price. Our attorney negotiates with the lender to accept the sale price as full satisfaction of your loan.

Contact a Bankruptcy Attorney at the firm to discuss your alternatives to bankruptcy.