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: 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.

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