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 a discount.
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.