Bankruptcy Alternatives

You have options when it comes to handling your debt problems.  While it is always best to continue paying your debts in a timely manner, we understand that is not always an option for people with debt issues.  Let one of our experienced attorneys look at the specifics of your situation and provide you with alternatives to bankruptcy that may work for your situation.

The bankruptcy attorneys at our New Jersey firm can provide the following services to help lower your interest rates, make payments more manageable, and eliminate or restructure your debt:

Debt Consolidation

Debt consolidation combines all of your existing debt resulting in a single payment each month.  This can make managing your debts more simple because you will not need to concern yourself with multiple due dates, interest rates, and payments.  There are a number of ways to consolidate your debts.  This may sound similar to Chapter 13 bankruptcy in that Chapter 13 will allow you to pay less on certain types of debt.  Debt consolidation does not require that you file for bankruptcy.

Mortgage Lender Negotiation

If you are looking to halt foreclosure on your home, negotiating with your lender may be a good option.  This can happen if your file for bankruptcy as well in which case your bankruptcy attorney can finalize the loan modification for you.  If you think that this is a good option for you, contact one of our bankruptcy attorneys today.

Creditor Negotiation

In certain cases where the best course of action may be to negotiate with your creditors.  A creditor who believes that your only other option is to file bankruptcy is likely to be more willing to adjust the terms of your debt by extending payment terms, reducing interest rates, or lower your monthly payments.  To most creditors, this is more appealing than the debt dismissed through Chapter 7 bankruptcy.

Contact Us Today

These are just a few of the options that may be available to you if you are seeking relief from overwhelming debt payments each month.  One of our bankruptcy lawyers can discuss these options, and other possible solutions, with you during your initial consultation.  Even when bankruptcy is not an option for you, our team of experienced attorneys is here to help you through some of these difficult, and often complex, decisions.  Contact us today to schedule your consultation.