When you review your financial situation with an experienced bankruptcy attorney, you might be astonished to find out that you don’t need to file for bankruptcy! There are other options available for your consideration. If, during your initial consultation, we feel that bankruptcy is not the best option for you, we will tell you so. We then can guide you to other solution, such as debt consolidation loans, debt negotiation, and loan workouts.
Some creditors are willing to negotiate the terms or amount of your loan rather than take their chances on what they might receive in a bankruptcy.
Particularly for people concerned about losing their homes to foreclosure, it is often worth talking to the lender about adjusting the terms of the loan to make the payments more manageable.