Alternatives to Foreclosure and Bankruptcy
To some law firms, bankruptcy is the solution to every financial problem — from credit card debt to home foreclosure. However, filing bankruptcy isn't for everyone and it isn't always the best option for clients. There may be less drastic ways to solve your debt problems.
At the law firm of Weintraub & Selth, APC in Los Angeles, we believe that bankruptcy is always a last resort. We are the only firm we know of which works in the area of loan modifications, credit card debt settlement and all three major chapters of the Bankruptcy Code. As a result, unlike firms or non lawyer businesses which only work in one area, we advise our clients about what is best for them, rather than what may be best for the firm. Our lawyers will take the time to explore your financial circumstances and determine if your debt problems can be solved by other means that will be less damaging to your credit and less disruptive to your life.
Avoid Home Foreclosure
Many of our clients face foreclosure because of job loss, unexpected financial setbacks or an increase in their interest rate or loan payment. While filing bankruptcy can delay or stop a home foreclosure and may be the right tool for a client's situation, there are other ways to save your home or get out from under your mortgage debt which you should explore. Examples include mortgage loan modification, a short sale, sale-leaseback and deed in lieu of foreclosure. We request that our clients contact us before submitting any documents to the bank or creditor. But even if you have done so, we can still help.
Our lawyers offer real solutions for homeowners in across the United States and Los Angeles, Santa Monica, the San Fernando Valley and surrounding areas in southern California.
Avoid Bankruptcy
Declaring bankruptcy is one way to solve debt problems, but it's not the only way. Our lawyers will take a step back and inform you of other and perhaps better ways to reduce your debts.
Alternatives to bankruptcy may include debt consolidation, business debt workout and credit card negotiations. No matter what type of financial problem you face, our attorneys have the professional experience and personal commitment to help you.
For more information: To discuss ways to avoid foreclosure or bankruptcy with one of our Los Angeles attorneys, call (310) 584-7702 ((866) 572-2423 toll free) or complete the contact form on this Web site. Se habla español.
