In many cases, people considering bankruptcy may be able to avoid bankruptcy by exploring certain alternatives. Generally, there are two different approaches depending on... more
No one wants to file for bankruptcy. Bankruptcy is the last option for most people, and probably rightly so. By the time people come to my office to meet with me most have looked into other options... more
Written by attorney Rami Nabi, almost 3 years ago.
Negotiate With Your Creiditors.
Creditors do no like the hassle of collection proceedings. In order to avoid the collection process creditors will sometimes reduce the debtors expected payments,... more
If the debtor’s financial problems are only temporary, he or she may want to ask creditors to accept lower payments or to schedule payments over a longer period of time. Creditors... more