Alternatives To Bankruptcy
Alternatives To Bankruptcy
Buried in debt? You may be under the erroneous impression that bankruptcy is your only option. In reality, you may be able to take advantage of a number of bankruptcy alternatives.
Before determining which course to pursue, it is critical to consult with a qualified bankruptcy attorney. I, attorney Christopher P. Walker, have over two decades of experience advising individuals on their debt relief options.
To explore your debt relief options, contact me today for a free consultation. Evening appointments are available.
Types Of Bankruptcy Alternatives
Alternatives to bankruptcy include the following:
This option involves debt negotiation with lenders to reduce the principal you owe and work out an affordable repayment plan and interest rate.
For those buried in credit card debt or medical bills, obtaining a consolidation loan can allow you to reduce your interest and obtain a more feasible repayment schedule.
Refinancing
If your car loan or mortgage is no longer affordable, or if the interest rates are astronomically high, you may be able to pursue refinancing to obtain more favorable terms.
Loan modifications
Similar to refinancing, loan modifications may afford you the opportunity to obtain more affordable monthly payments and more favorable terms on your current home mortgage. Generally, you must apply for a modification through your vendor. You will usually have to demonstrate financial hardship to qualify.
Credit counseling or debt management plans
A variety of nonprofit organizations offer credit counseling to help you reduce your payments, interest rates and late fees. This may be a good option for those seeking to avoid damage to their credit. However, it is important to find a qualified and reliable program.
Short sales
If your mortgage is underwater or you are facing significant financial hardship, it may be in your best interest to cut your losses. In a short sale, the home will generally be sold for less than it is worth, and the proceeds will satisfy the mortgage – meaning you will not owe any more on the mortgage. In some situations, this may be a favorable alternative to foreclosure.
To Obtain Legal Counsel On Alternatives To Bankruptcy Such As Short Sales, Contact Orange County Lawyer Christopher P. Walker
Learn more about alternatives to bankruptcy in Anaheim, California, and the surrounding areas by calling the Law Office of Christopher P. Walker, P.C., at 714-639-1990.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
From Our Clients
After years of putting off doing a will... we now can rest assured our family estate is legal and ready when we need it.
I found Mr. Walker on the net and am confident to recommend him for legal matters. Office staff was very attentive.
Hurray we finally did it!!!
- Tess
I've been through difficult times so I hired Mr. Christopher Walker to help me, I am very impressed the way he does business. He explains everything in a very professional way he did excellent job for me. I don't know many attorneys out there that answer they're office phone but he does and he returns calls quickly.
- Carlos C.
I have been working with Chris for at least 5 years. He helped us with our Trust. He is transparent and listens. I would recommend him highly.
- Octavio N.
I am not a man known for being a word smith so I am going to put it simply. The hardest year of my life has finally ended on a very high and happy note. Mr. Walker and Laurie are the best partners anyone could ask. They work tirelessly and made the difficult confusing process easy to understand and the clouds have now cleared! Thanks for everything.
- Justin C.
HOW TO REACH US
My law firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.
Let’s Talk About Your Unique Situation, Goals And Needs
Your Initial Consultation Is Free.