You may feel your only recourse is to file for bankruptcy – but you may have alternatives to bankruptcy you didn’t know about.

Are you dealing with any of these situations?

  • Creditor harassment
  • Wage garnishment
  • Mortgage foreclosure
  • Auto-repossession
  • Tax debts or other serious debt issues

To explore your options thoroughly before you make a life changing decision, you need the guidance and assistance of highly experienced bankruptcy attorney. While Bankruptcy is an excellent option, in some circumstances it may not be your best move. Some lawyers may immediately recommend bankruptcy for a client, even when there may be a viable alternative that would have been more beneficial in the long term. When you work with The Law Offices of David M. Offen, we will evaluate your circumstances and make an honest, thorough evaluation of your financial situation to determine whether an alternative to bankruptcy makes more sense for you.

3 Alternatives To Bankruptcy you may not know about:

1) Stopping Creditor Harassment

Harassment which includes annoying and threatening phone calls and letters from creditors, debt collection agencies, auto loan companies and mortgage companies can be a source of extreme stress. An attorney can review primary reason that overwhelming debt can become extremely stressful. An attorney at our offices can look at your situation to determine whether these creditors are actually breaking the law with their efforts to collect your debt. If so, you may have grounds for legal action. If no laws are currently being broken, we may still be able to help you take action to lessen the constant calls or contact by creditors.

2) Creditor Negotiations

In some cases, we may be able to negotiate with one or more of your creditors to work out a payment plan or get a settlement that will resolve your debt.

3) Debt Consolidation

Consolidating your debt may be another option if you have a regular source of income. With debt consolidation, you may be able to combine your debt into a monthly payment.Loan Modification – if you’ve fallen behind on mortgage payments, a loan modification may be an option to help avoid foreclosure. An attorney may be able to work out better terms for your mortgage loan, lower the interest rate and may even be able to work out a plan make up any missed payments.

20 Years of Helping Clients get a fresh financial start

At the Law Offices of David M. Offen, we are experienced in dealing with creditors who are often more flexible when they are dealing with an attorney than with the individual who owes them money.

In some cases, after a review of the financial situation, you may opt to file Chapter 13 bankruptcy and reorganize your debt. Many clients take the information that is needed and use it to make the proper decision on whether to file a Petition. The Law Offices of David M. Offen will be there to help and assist you in the decision making process. We will provide useful information that is often badly needed when an individual is trying to deal with his or her debt problems.

Contact a Philadelphia Bankruptcy Lawyer from the Law Offices of David M. Offen if you are looking for an alternative to bankruptcy.  The consultation is Free