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 Zolkin Talerico & Selth LLP 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 Zolkin Talerico & Selth LLP, 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) 220-4147 to 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.

Your Dedicated Legal Team

Client-Focused Representation

Hear From People We've Helped

Honesty, Integrity, and Respect for the Law
Sally C.
Courageous Judicial Officer of the Court
Former Client
Honor, Compassion, and Zealous Respect for the Law
MS
"David Zolkin’s tenacious advocacy restored my faith in the judicial system. He was able to secure an order dismissing the debtor’s case with a permanent bar; something unheard of in bankruptcy. This, in turn, protected my rights as a creditor."
Former Client
"We remain incredibly grateful!"
Patrick K.
"Jim Selth has always come through in a very professional, timely, and responsible manner."
Marc B.