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Alternatives to
Bankruptcy: One Size Does NOT Fit All
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.
NOTICE: This site is not
offering legal advice and nothing on it should be considered to be
legal advice. The information on this site is being offered only
for educational purposes. If you are considering bankruptcy, you
should consult with a licensed attorney who regularly represents
clients in bankruptcy and allow them to review your circumstances
and advise you accordingly.
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.
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