Southern California Alternatives to Bankruptcy
Bankruptcy Legal Help from a Fight-for-You Lawyer in Corona, Orange, Beaumont, Palm Springs and San Bernardino
At Sobti Law Group, we believe strongly in the power of bankruptcy in resolving clients' financial challenges. Bankruptcy takes the power from aggressive and harassing creditors and gives it to you with the support of the court.
Sometimes, though, a person facing debt challenges is not comfortable filing for bankruptcy or does not qualify for bankruptcy protection. In these events, alternatives to bankruptcy may be available.
One effective option to bankruptcy is debt settlement. Through debt settlement:
- You are put on payment plan.
- You pay back a portion of the debt (usually 50 percent or less)
- After a two- or three-year period, the debt is declared paid.
Why Would I Need an Attorney to Handle My Debt Settlement?
Though it is sometimes possible to handle a debt settlement transaction without a lawyer, it makes sense to use an attorney:
- An attorney can negotiate your best possible terms, saving you significant money.
- By hiring an attorney, the creditor knows you are serious about pursuing options and will be motivated to cooperate.
- An attorney can draft a document that guarantees that, once the terms of the agreement are met, you will not be pressed for more payments.
A lawyer can also manage all aspects of the transaction and ensure that the creditor reports financial information to credit agencies accurately.
Debt settlement is often effective in reducing credit card, second mortgage, health care and other consumer debt. If you need more information regarding alternatives to bankruptcy, contact a Corona debt settlement attorney at Sobti Law Group. We have practiced bankruptcy and debt settlement law for over 10 years and can provide committed and aggressive legal help aimed at reducing and eliminating excessive debt.
Contact Us to Learn More About Debt Settlement
The attorneys of Sobti Law Group offer free consultations, are available for Saturday appointments by request, and speak English and Spanish as well as Portuguese, Armenian, Russian, Arabic, Persian, Hindi, and Punjabi. Our firm also provides financial solutions directly from a lawyer. To contact a Beaumont debt settlement lawyer, call 888-627-8013.
Find more information on this topic by following these links:
- Debt-Settlement Companies: Too Good to be True? Deciding on Debt Relief: Bankruptcy and Its Alternatives
- Deciding on Debt Relief: Bankruptcy and Its Alternatives
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
