Bankruptcy and Debt Settlement Lawyers

As a debt settlement lawyer, we are an attorney who has both the knowledge and skill necessary to help you in the event you have found yourself in the position of being unable to repay your debts but do not wish to declare bankruptcy.

In an economy that has been none too bright in recent years, any honest, hard-working person can find themselves in the extremely stressful position of being unable to pay their creditors what they owe them. Many people have lost their jobs, or through no fault of their own have had small businesses fail. Serious health issues or an accident can decimate a family’s savings. And, all too often people simply get on over their heads with credit cards. Being constantly worried about how you are going to pay the mortgage or the power bill is an extremely stressful situation, often exacerbated by creditors continuously calling you both at home and at work, demanding that you pay them. The calls often take on a threatening note that further adds to the stress.

Faced with a situation in which they simply cannot discharge their debts and see absolutely no way out, many people choose the relief the law affords them and choose to declare bankruptcy. Although there is a great deal that can be said for this course of action, many people prefer to work with a debt settlement lawyer to work out a payment plan or settlement agreement outside of court.

Bankruptcy or Debt Settlement?

Bankruptcy is not always right for everyone for a variety of reasons, some of which are:

Social or work discrimination.  Although, in theory, bankruptcy laws provide protection, many people find they are later discriminated against.

Credit consequences.  Although you can eventually rebuild your credit, bankruptcy remains part of your credit history for a decade. You will find that many credit applications want to know, not whether you have filed for bankruptcy in the last ten years, but whether you have ever done so.

Court fees. Filing bankruptcy can also be quite a costly process, even without attorney’s fees.  You will be responsible for court fees, etc.

Let Us Help

If you are considering bankruptcy but would prefer to avoid it for any of the reasons above, then contacting a debt settlement lawyer is your best course of action. We have the skills and the know how to negotiate with your creditors regarding unsecured debts that include credit cards, medical bills, personal loans, etc.

In many cases, unsecured lenders would preferably accept a smaller amount, or negotiate lower payments, rather than risk not getting anything if you file for bankruptcy. Debt settlement is a legal process in which the creditor and debtor agree to a reduced balance that is less than you actually owe. Once this is paid, the debt will be regarded as paid in full. As a debt settlement lawyer, we can also help you to consolidate your debts. The result is that the harassment will come to an end, and your debts will be paid off without you needing to file for bankruptcy.