Chula Vista Bankruptcy Alternatives Attorney
Bankruptcy Is Not for Everyone
Why do I need to file for bankruptcy? The truth is, maybe you don't.
At the Law Offices of Mark Ankcorn, we know that while there are good reasons to file for bankruptcy, there are also good reasons not to. We leave that decision up to you. What we do is make sure you have the honest information you need to be able to make the decision that's right for you.
If you would like to learn more about your options, the bankruptcy alternatives that are out there or how working with our attorney can benefit you no matter what choice you make — call or contact us today.
Bankruptcy Alternatives
If you are facing money problems right now but aren't expecting any kind of financial windfall in the near or foreseeable future — the one bankruptcy alternative you want to avoid is to do nothing. While that may seem obvious enough, it is easy to become overwhelmed by money troubles and do nothing. That said -- here are the most common, potentially useful bankruptcy alternatives:
- Negotiate with creditors yourself. This is probably the most commonly used bankruptcy alternative, and if your debts and financial troubles have not gotten too far out of hand — it may work. Still, it can take a great deal of time to negotiate with lenders and the playing field (i.e., their leverage and experience dealing with this) is not usually level.
- Work with a consumer credit counseling service. If you don't have the time to negotiate with creditors yourself (which most people don't) or are afraid that you might get taken advantage of on your own — you may want to work with one of the many consumer debt-related organizations that are available. However, not all of these agencies are as reputable as they sound and you will want to make sure to choose one that is.
- Obtain relief through debt consolidation. In some cases, financial problems can be caused by owing money to too many creditors. This can cause payments to be missed or made late, interest rates and penalties to multiply and make it much harder to get a handle on your finances. By consolidating numerous smaller debts into one loan — you may be able to regain control. However, there are dangers associated with debt consolidation loans and you may want to consider talking to a lawyer about this before moving forward.
Local: (619) 870-0600 / Toll Free: (855) 755-BANK
For a free initial consultation — call our San Diego law office directly at either of the two phone numbers listed above. You can also contact us by e-mail and someone from our office will get in touch with you shortly.
Serving Chula Vista, Escondido, and
Other San Diego Area Communities
