If you have had a judgment granted against you or you simply have more debts than you can handle, you can either file bankruptcy or work with the creditor to negotiate down the debt or work out payment plans. In some instances, a bankruptcy may not be the best alternative for you. If so, I will let you know right away so we can work on negotiation as an alternative. This option is usually best if your financial difficulties are of a temporary nature or if you have too many unprotected assets to file bankruptcy.
Working out payment plans or lump-sum payments with creditors is almost always more risky than filing bankruptcy because there is no judge forcing the creditor to work with us. In a bankruptcy, a creditor can file an objection, but as long as we can show the judge and trustee that we are dong all we can, the creditor will almost always be overruled.
In debt negotiation, however, the creditor is free to either work with us or refuse to work with us. That does not mean that we cannot try to work out something with the creditor, it just means that there is no guarantee as to what we can get the creditor to do. I will work to stop your creditors from harassing you and negotiate the best settlement possible for you. I will contact these creditors and make an offer on your behalf to settle the debt. I will keep you informed at all times and will not agree to a settlement without your prior approval.
If you’re looking for relief from debt or assistance with Chapter 7 bankruptcy, we are here to help. We offer a free confidential, no obligation consultation to discuss your personal situation. Please call 281-847-4345 for immediate assistance or send us a message.