Bankruptcy AlternativesWorking to Help Clients Thrive
Alternatives to Filing for Bankruptcy
Is Bankruptcy the Only Option for Debt Relief?
Threatening calls from creditors make it difficult to think clearly about how to handle the situation. When creditors are threatening to foreclose on your home or business assets, levy your bank accounts, or repossess your car, it can be so overwhelming that seeing a way out isn’t something you can do on your own; you literally feel like you are being battered by a storm. If you are like most people, you likely wish to avoid filing for bankruptcy.
As an established law firm with experienced bankruptcy attorneys, Weintraub & Selth, APC will provide you with the knowledge and skill you need to help you or your business find a bankruptcy alternative.
We offer legal, ethical debt relief services outside of bankruptcy, including:
- Debt negotiation or Debt settlement: This involves negotiating with creditors to lower the overall amount of debt that you owe, which can include negotiating interest rates, late fees, penalties, monthly payments, length of loan, etc.
- Refinancing: You can consider refinancing your mortgage or car loan if you can obtain more favorable terms of the loan.
- Loan modifications: A loan modification allows you to restructure your loan into more affordable monthly payments by lowering your interest rate or lengthening your loan term.
- Assignment for benefit of creditors: If a business has a considerable amount of debt, you can work with a company that will help to liquidate your assets to pay off your debts.
- Short sales: For those facing underwater mortgages, you may consider selling your home for less than what it is worth to be free from the debt.
If you are interested in learning more about various bankruptcy alternatives available to you, contact us to discuss your options.
At Weintraub & Selth, APC, we are committed to helping you reach this goal whenever possible and will employ creative strategies to help you achieve debt relief without resorting to bankruptcy. Call us at (310) 220-4147to learn more.
Exploring Your Legal Options
We recommend all of our clients first explore every option outside of bankruptcy in order to resolve and restructure their creditor issues. Bankruptcy is only one tool in our toolbox and should always be the last option. Reviewing all options with a lawyer experienced in out-of-court solutions before going the route of bankruptcy is always the wisest course.
Either way, you and your family deserve protection and to be informed of your rights and options concerning debt relief. Our Los Angeles bankruptcy alternatives attorneys will employ creative strategies to help you achieve debt relief without resorting to bankruptcy whenever possible. While we refer to ourselves as “bankruptcy attorneys,” a significant percentage of our clients’ matters do not involve bankruptcy as a debt solution at all.
Tailoring a Legal Solution to Meet Your Unique Needs
Our legal team will review your situation, determine your goals, and custom design a plan for you. We take pride in finding the best solution for each of our clients and in tailoring the solution to each unique problem. We recommend bankruptcy only if it is in your best interest or absolutely necessary. We will also explain how working with an attorney is best for you when debt relief is a serious challenge.
One other word: be aware of fraudulent practices by unscrupulous debt settlement and credit repair companies. Most of these businesses are for-profit companies that will do little more than take your money. Such schemes are why there is such a high failure rate when it comes to many debt consolidation and foreclosure prevention plans. Our office will refer you to a reputable agency if we cannot help you with the type of debt relief you need.
Unsure If Bankruptcy Is the Right Option for You?
Discussing your case with a knowledgeable lawyer can be a good way to understand available bankruptcy alternatives, as well as the risks and benefits of each. Our attorneys will provide a face-to-face consultation, and one of our lawyers can personalize a debt relief plan that is relevant to the specific facts of your unique case.
Contact our firm online or call us at (310) 220-4147 to schedule a consultation today.
Thousands of Cases Handled
Our experienced attorneys have successfully represented thousands of businesses and individuals with financial problems.
We Offer Cost-Effective Expertise
Flexible fee arrangements enable small and mid-sized businesses to obtain the type of relief usually reserved only for large companies.
Big Firm Experience at a Boutique Price
Our lawyers have big firm training and expertise offered to clients in a cost-effective, boutique firm environment.
A Full-Service Bankruptcy Law Firm
One of the few true full-service bankruptcy firms in Los Angeles specializing in all chapters of the Bankruptcy Code and out of bankruptcy solutions.
"If you are a business owner going through difficult times and need help restructuring or closing your doors, this is the law firm to work with."- Paul Trump
"He also gave me his honest opinions on what paths we could take, what would be a good use of my money and what would not, which I appreciated after having gotten an expensive runaround from the previous attorney."- Lynn L.
"We were both blown away by your compassion and drive to help us get in a better position. You gave us our lives back."- Craig & Claudia
We can help you find clarity and peace of mind so you can move ahead to a positive future with your financial situation under control.