Should You File for Bankruptcy?
Experienced Bankruptcy Attorneys in Rancho Cucamonga
Bankruptcy is a huge life decision that requires careful consideration. Before you
actually file for bankruptcy, you should understand the
alternatives available to you. There is a great deal of information to process during
this time, and without legal knowledge, you may find it difficult to figure
out what course of action is best for you.
Considering Alternatives to Bankruptcy
Bankruptcy may seem like a relatively easy solution if you feel that you
are in over your head. However, it is important to consider all the options
available to you. These options all depend on your individual circumstances,
but here is a brief overview to consider:
Credit Counseling: If you are still able to make payments towards your debts, you may be
able to qualify for credit counseling. This would enable you to avoid
bankruptcy by lowering your current payments to payments you could afford.
Debt settlement could be the right choice for you if you cannot afford payments on a single
source of debt, such as a car loan or mortgage. If you can afford to pay
your other debts off and wish to eliminate that particular debt, you may
be able to have some debt be discharged.
Short Sale: A
short sale is an alternative to foreclosure. In a short sale, a creditor could approve
the sale of a home for less than the outstanding mortgage. If your creditor
agrees to do this and the short sale goes through, you would not be responsible
for payments on the home anymore.
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These are just a few of the options that you may be eligible for. At Atlantis
Law, the attorneys will be happy to assist you during bankruptcy or another
alternative. They will also advise if you bankruptcy may not be right
for your situation. Their experienced attorneys know the laws, and they
will provide you will excellent customer service and stellar legal representation.
You can move forward with your life and the attorneys at Atlantis Law can
help you to do exactly that.
Contact the team to discuss your legal options.