· Although Susan Blum and I serve our clients as bankruptcy lawyers, we will always walk potential clients through non-bankruptcy options before discussing a Chapter 7 or Chapter 13 bankruptcy filing.
The company, which once originated as many as 9,000 reverse mortgage loans per year, has filed an official objection in the.
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Alternatives to Bankruptcy . In some cases, bankruptcy may not be the best solution for you. You might have to risk non-exempt assets, your debts may be non-dischargeable, or you may not be eligible to file.
Alternatives to Bankruptcy. When bankruptcy is not the right choice for you, but you are dealing with unmanageable debt that just seems to be spiraling out of control, there are alternatives to bankruptcy that can and should be explored to help you deal with potential foreclosure, repossession, wage garnishment or other legal action.
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There are a number of different strategies for handling debt, and there are alternatives to bankruptcy. For starters, contact your creditor(s), ask for their cooperation, and try to work out different payment arrangements or options. For example, if you are snowed under by credit card debt,
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One of these alternatives may save you from bankruptcy and save your credit, it's better to take it, even if it will take a little longer or cost a little.
began restructuring and reviewing strategic alternatives last year. "started gaining" from the company’s demise long before its bankruptcy announcement, said Linda Bolton Weiser, a senior analyst.
Debtors should also be aware that out-of-court agreements with creditors or debt counseling services may provide an alternative to a bankruptcy filing. Background A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13.
You want to be sure that bankruptcy is the best option for you. For help determining whether you should seek relief through bankruptcy, call Steiden Law Offices.
Alternatives to Bankruptcy. Debtors should also be aware that out-of-court agreements with creditors or debt counseling services might provide an alternative to a bankruptcy filing. creditors may want to avoid a debtor going into bankruptcy, calculating that a bankruptcy filing will reduce the amount of the debt that will be repaid to them.