Are There Any Alternatives to Bankruptcy?
To many people, filing for bankruptcy is an "either-or" proposition. Either they continue to struggle, living pay check to pay check and paying only the minimum payment or they file bankruptcy and assume they lose everything. They put it off as long as possible—sometimes to their own detriment. However, there are alternatives to bankruptcy, and it’s important to explore them first. You’ll understand the process and benefits/drawbacks of bankruptcy much better once you are familiar with the alternatives.
- Debt negotiation. With debt negotiation, our debt relief team negotiates directly with your creditors. If you qualify, you may be able to settle all your debts for less than what you owe. When we do debt negotiation, our goal is to reduce your debt obligation to 60% of its original size and have that repaid in about 36 months.
- Mortgage foreclosure defense. If you’re unable to make your mortgage payments and are facing foreclosure, mortgage foreclosure defense may help save your home without having to file for bankruptcy. Mortgage foreclosure defense refers to when the terms of a mortgage are changed outside the original terms of the contract, without creating a whole new loan, like a mortgage refinance would.
- Deed in lieu of foreclosure/Short sale. We can also help you surrender your home without having to go the bankruptcy route or owe any additional funds to your bank. Sometimes we can even get your lender to pay your moving expenses as well.
After your debt crisis is settled, you can turn to us to help start to rebuild your credit. It’s important to have an attorney on your side, as we know how to use all applicable laws on your behalf.
Harold Shepley & Associates, a full service debt relief law firm, can provide you with all the information you need to cut down your debt. Contact us today by phone 1-866-284-7062 for a free consultation or find out more at www.shepleylaw.com