Alternatives to Bankruptcy
Helping Clients in Cook County Obtain Other Ways to Debt Relief
Bankruptcy is not the only answer. There are several options that Chicago bankruptcy lawyer Joseph P. Doyle can discuss with you so you can make the decision that is truly best for you. Some law firms want to do whatever they can to ensure you use their services to file for bankruptcy.
At our firm, we want to help you make your own choice, even if this means you do not choose bankruptcy. It is essential that you do what you think is best for your needs, your finances, and your future. The particular alternatives to bankruptcy that you can consider may affect you and vary on a case-by-case basis.
Are you looking for alternatives to bankruptcy? Call Attorney Joseph P. Doyle today at (312) 957-8077 or contact us online so we canprovide you with the accurate information and the skilled legal guidance you need in your pursuit of financial recovery!
What are the Alternatives to Filing Bankruptcy?
If you don’t want to go into bankruptcy, there may be other options available. Your potential alternatives are:
Credit counseling, debt consolidation, and debt settlement are alternatives that can be used to avoid bankruptcy. Credit counseling from an approved agency is a requirement that must be completed within 180 days before filing.
This process can give you an objective point of view about your financial situation, possibly even showing that it can be resolved without bankruptcy. Debt consolidation involves getting one larger loan to pay off all creditors. Debt settlement typically involves unsecured debt. It is a process in which the debtor or a debtor representative negotiates with the creditors to establish a payment amount that is less than what is owed.
Contact Our Chicago Bankruptcy Lawyer Today
Whether you are considering filing for bankruptcy or seeking other options, you must be careful with your choices. There are situations where you could be promised the sun, moon, and stars only to find out that you still have debt and that your credit is now damaged. Thoroughly research any company you decide to work with in this regard, and be sure you have all the necessary information about the advantages and disadvantages of bankruptcy.