Debt Negotiation

Debt Negotiation: A Bankruptcy Alternative

If you are struggling with a large amount of debt, you may be unaware of what options are available to you. One option is to declare bankruptcy and have all of your debts erased; however, not everyone is eligible. There are several alternatives to bankruptcy and debt negotiation is one option that could significantly reduce your monthly payments to an affordable rate.

Additionally it can help put an end to creditor harassment that is uncalled for and illegal. It is ideal for business or individuals that have a lot to lose if they were to pursue bankruptcy, but still require assistance with gaining relief from their debt. Obtaining a lawyer before pursuing any form of debt negotiation is pivotal to the success of your case. You need a bankruptcy attorney in Marietta that is knowledgeable on Georgia’s laws and practiced in negotiating with creditors. Attempting to pursue debt settlement on your own presents a certain level of riskiness that I do not recommend.

How Does Debt Negotiation Work?

When a person files Chapter 7 or Chapter 13 bankruptcy, it is likely that lenders will not be able to collect the full amount owed. This is why most creditors are willing to negotiate and come to an agreement regarding a payment plan. In the past, attorneys have been able to get creditors to accept as little as 25-35 cents on the dollar for debts that are owed.

The following are certain benefits of debt negotiation that can help you achieve debt settlement:

  • Reduced interest rates
  • Elimination of late fees
  • Longer loan term
  • Reduced principle balance

One or more of these actions could allow you to afford your payments each month, so don’t hesitate to consult with an accomplished attorney today to learn how debt negotiation may be the best decision you could make regarding your finances. At Cherney Law Firm LLC, I have handled thousands of cases and could use my knowledge and skill to assist you in discussing options with your creditor or lender. Stop harassing collection calls and contact my firm today.

Marietta Bankruptcy Attorney

Since 2006, Cherney Law Firm LLC has represented clients in search of financial relief. Whether you are facing foreclosure or need help with a means test, I can guide you with step-by-step instructions throughout the entire process of debt negotiation or bankruptcy. Allow me to review your case today by filling out the free online evaluation or calling my office to schedule your free initial consultation. It is my goal to work personally with you so that you have the confidence and comfort you need to move forward into financial freedom.

Contact US

You may call us directly at 770-485-4141, or you can fill out the form and we will contact you. Feel free to ask us any questions that you might have. Make sure to indicate whether you would like an e-mail or a call back

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