Avoiding Bankruptcy

Even though a person may be struggling with debt and feeling hopeless, bankruptcy may not be the best option. Instead, in some situations, it may be better to avoid bankruptcy altogether. While people sometimes make the mistake of assuming bankruptcy is the only solution to regain control of their debt, there are actually many alternatives to bankruptcy.

When you call The Forrest Law Firm for a free telephone consultation, we will review your individual financial situation. If we believe that bankruptcy may not be your best option, we will explain why and provide you with the resources you need to pursue alternatives to bankruptcy.

Instead of filing for bankruptcy, it is sometimes better to explore some of the following options:

Credit counseling. When people take the time to meet with an approved credit counselor, they can take a look at the big financial picture, evaluate their debts and come up with feasible ways to repay their creditors. Credit counseling is ideal for people who want to regain control of their finances and who are willing to repay their debts.

Debt negotiation and debt settlement. Creditors will sometimes agree to settle debts for less than the amount owed. They do this to avoid expensive legal proceedings. People who are interested in debt settlement should always work with a qualified lawyer who has the negotiation skills it takes to work with creditors and settle debts.

Debt consolidation. Through the process of debt consolidation, you can combine your debts into a single loan. This means that you will not have to make separate monthly payments to your various creditors. Instead, you will make monthly payments to repay your debt consolidation loan.

Many of these options are viable alternatives to bankruptcy. If you would like to learn more about how you can avoid filing for bankruptcy, you should set up a free phone consultation with The Forrest Law Firm.

Florida Bankruptcy Alternatives

If you are looking for alternatives to bankruptcy in the State of Florida, contact The Forrest Law Firm today!

Florida bankruptcy attorney Christopher Forrest represents clients in Sarasota County, Manatee County, Pinellas County, Hillsborough County, Venice, North Port, Sarasota, Bradenton, Tampa and St. Petersburg, and surrounding areas.