Being under financially hard times does not necessarily mean that you need to file for a Chapter 7 or Chapter 13 bankruptcy. In some cases, you may be able to resolve your financial troubles by addressing your debt head-on, and a bankruptcy could be avoided altogether. Consider speaking with a bankruptcy attorney at a Dallas, TX law firm that handles bankruptcy cases both large and small.
You may be able to settle your debts with a credit card company or other type of creditor by negotiating a debt settlement. If you qualify for a Chapter 7 bankruptcy, it’s likely that creditors would prefer an independent settlement agreement to a Chapter 7 bankruptcy. In the case of bankruptcy, they cannot recover any of the debt.
If you are considering bankruptcy as a way of avoiding a foreclosure, consider negotiating a home loan modification with your mortgage lender. You may qualify for one of the new federal programs designed to keep homeowners in their homes and out of foreclosure and bankruptcy by giving lenders incentives to allow such modifications.
Before you petition for a Chapter 7 or Chapter 13 bankruptcy, speak with a bankruptcy attorney who may be able to help you pursue alternatives.
Contacting a Bankruptcy Attorney When You Need Help
At Warren & Migliaccio, our goal is to protect you and your family so that you can take the necessary steps to proactively plan for your future. When financial circumstances outside of your control threaten your wellbeing, take control of your situation by contacting our Dallas law firm. We’ll guide you through the legal process so you can make informed decisions and choose the best course of action. If a personalized, teamwork-driven approach sounds like what you need for your case, call 1-888-584-9614 today. We’re here to help.