Helping You Understand Available Alternatives to Bankruptcy
Contact a Fight-for-You Bankruptcy Attorney with 10 Years of Experience
In many ways, bankruptcy protection reverses the positions of creditors and people who owe money. Before bankruptcy, creditors have a legal right to demand payment, contact the debtor, garnish wages and take other steps to obtain payment. After bankruptcy the debtor enjoys protection from harassment, the legal ability to halt wage garnishment and, eventually, freedom from the responsibility to pay off much of his or her debt.
Despite the benefits of bankruptcy, not everyone qualifies for bankruptcy and not everyone is comfortable filing for it. For these people there are alternatives to bankruptcy.
A common and often highly effective alternative to bankruptcy is debt settlement. Through debt settlement and loan modification, the borrower:
- Reduces outstanding debt through negotiations
- Arranges for a workable payment plan
- Makes reduced payments over a period of time which is usually two or three years
- Is declared free of the debt at the end of the payment period
- Avoids bankruptcy
Debt settlement allows you to rid yourself of excessive debt even if you are unwillingly or unable to file bankruptcy. Through debt settlement you may be able to:
- Prevent foreclosure
- Prevent repossession
- Lift levies placed on your bank accounts
- Protect your credit score
If you have questions about debt settlement and other alternatives to bankruptcy, contact a Corona debt settlement attorney at Sobti Law Group. We can handle your negotiations and the entire transaction, and can ensure that the lender adheres to your agreement both during your repayment plan and, perhaps most importantly, after.
Contact Us to Learn More About Alternatives to Bankruptcy
The attorneys of Sobti Law Group offer free consultations, are available for Saturday appointments by request, and speak English and Spanish as well as Armenian, Russian, Arabic, Persian, Hindi, and Punjabi. Our firm also provides financial solutions directly from a lawyer. To contact us to learn more about the alternatives to filing for bankruptcy, call 888-627-8013.
