Bankruptcy Alternatives

People who are struggling with debt or who are facing foreclosure often come to the conclusion that bankruptcy is their only option.  Bankruptcy is not the only option for people who are dealing with a lot of debt.  Often people benefit from bankruptcy alternatives like debt settlement, debt consolidation and debt management counseling.

We don’t see bankruptcy as a One Size Fits All solution to your debt problems. We take a well-rounded approach to what we do and certainly will present your non-bankruptcy options to you before you make a decision.

For example, if your main problem is with your real estate and a foreclosure or threatened foreclosure, you may be a candidate for a short sale or execution of a deed-in-lieu of foreclosure. Our firm has an outstanding success rate with short sales, representing either the seller, or even sometimes the buyer. Sometimes the answer is something referred to as “Cash For Keys.” In the “Cash-For-Keys” scenario, a lender is willing to pay the borrower to just sign the real estate over to the bank via a deed-in-lieu of foreclosure. This allows the bank to avoid the legal fees, expenses, and time involved in their proceeding with foreclosure so banks are often willing to pay for this convenience.

After a careful review of your individual situation, we will let you know if bankruptcy is the right option for you or if we feel that you should consider alternatives to bankruptcy, like debt consolidation loans or out-of-court debt settlement or one of the tools discussed above.  We will explain possible alternatives to you in detail and provide you with the information you need to decide which course of action is most appropriate for your individual situation.  Our primary goal is to ensure that you make a decision that will benefit you for years to come, help you get out of debt and regain your financial independence.

 

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Requires the following notice: We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. This web site is not an offer to provide bankruptcy assistance services to any assisted person as defined under Section 527(a)(2) of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.