Alternatives to Bankruptcy

Irvine Bankruptcy Attorney

Bankruptcy is not for everyone.  Some people want to resolve their high debts without going through bankruptcy or threatening their credit history.  Some people who are faced with foreclosure are simply trying to find a way to save their home when they have fallen behind on their mortgage payments.  Anyone interested in finding out what other methods of settling burdensome debts are available should speak to an Irvine bankruptcy lawyer at the Law Offices of Arthur H. Hausmann.  Also serving the residents of Huntington Beach, Costa Mesa, Anaheim and Santa Ana, Mr. Hausmann can discuss several other means available to consolidate or negotiate debts that have become unmanageable or difficult.

Debt consolidation is a term used by many companies who promote they can work with creditors to arrange a lower monthly payment that will settle many debts at the same time.  They charge their own fee as part of this, of course, and the savings may not be what is expected when it is all said and done.  What is true, however, is that it may very well be possible to negotiate with creditors to either consolidate debts at a lower rate that will fit a budget, or to actually reduce the total amount to pay them to settle the account in full.  While this can be done by an individual himself, calling each company and talking to their collections department personally, it is often much more effective to enlist the help of an attorney to do the negotiations instead.

Bankruptcy Lawyer in Irvine

A skilled attorney understands how credit card and collections companies operate knows what they will and won't do.  When speaking to an attorney representing a debtor who desires to settle their debt, credit departments will often agree to terms that are often much more reasonable than originally offered.  For homeowners who are faced with spiraling mortgage payments or whose home is worth less than their mortgage, it may be possible to negotiate a loan modification with the help of a skilled lawyer.  Having legal representation by an attorney who understands contract law can speed up a process that might otherwise take years.

Contact an Irvine bankruptcy attorney to learn about additional ways to resolve financial difficulties caused by high debts or threatened foreclosure.