If you are struggling under mounting debt, the best thing you can do for your situation is determine how you will get a handle on your finances and overcome your debt. For some people that means filing for bankruptcy under Chapter 7 or Chapter 13. While filing for bankruptcy is one of the most effective ways of managing debt, it is not the only way. For those people who don’t qualify for bankruptcy, don’t actually need to file for bankruptcy, or simply feel that bankruptcy isn’t the best option for them, there are several debt relief options an individual can take advantage of as an alternative to bankruptcy, such as:
- Debt Negotiation
- Debt Consolidation
- Loan Modification
- Cash out a 401K, retirement, or savings plan.
- Think of innovative ways to bring money home. For example, you could sell something of value, such as a piece of artwork, jewelry, or your flat-screen high definition TV. You could also consider selling one of your cars if you are a two-car family. Not only will you earn money from the sale, but will also save money because you won’t have to pay for gas, insurance, or maintenance and registration. You may also want to think about canceling “luxury” services, such as cable TV, high speed Internet, etc., and use the money you save towards paying off your debt.
At the Malaise Law Firm, an experienced San Antonio bankruptcy lawyer can meet with you in person to review your financial circumstances and discuss your long-term goals and objectives. From there, an attorney can discuss the various forms of bankruptcy, as well as alternatives to bankruptcy that are effective in reducing or eliminating debt. Our number one priority is helping clients like you find a debt relief solution that serves their financial interests in the long-run and helps eliminate debt quickly and effectively so they can move forward with their life.
To arrange a consultation to discuss your debt situation, please contact the Malaise Law Firm today at (800) BANKRUPT!