Bankruptcy Alternatives in Houston
Houston Bankruptcy Lawyer
There are many alternatives to bankruptcy. Not everyone wants to file, or our review of your financial circumstances may indicate that we can help you in other ways. By contacting an experienced and skilled Houston bankruptcy attorney, the Malaise Law Firm can assist you in making the right decision for your situation.
Some of the alternatives we can utilize to reduce your debt without bankruptcy includes the following:
Credit card, personal lines of credit, pay day loans - When faced with mounting credit card debt or other unsecured debt, which you can no longer afford to pay, our aggressive legal staff can push for a negotiated interest rate reduction, lower monthly payment or settle your entire balance for much less than the total.
Debt Consolidation - To lower your monthly payments, our office can work on consolidating your debt so that you pay only one fixed amount each month to handle all of your debt. Our legal staff can assist in negotiating a lower interest rate as well, that will help keep your payment affordable.
Short Sale - If you need to leave your home due to debt you simply cannot afford and are unable to maintain your monthly mortgage payment, a short sale may be the right option for you. A short sale allows you to sell your home for less than the remaining balance, with an approved agreement with your lender to accept the lesser amount and not pursue you for the balance.
Foreclosure - To avoid a foreclosure due to a mortgage default, we can help stop that process and get you onto some type of payment option that you can live with through a forbearance or loan modification.
Deed in Lieu - Some lenders will accept the deed to your home and take possession of it and forgive the loan. You will lose any equity in your home, but can avoid the negative impact to your credit that a foreclosure would have, in addition to having the bank agree to take the property as full satisfaction of your debt.
Auto Loans - We can negotiate these as well, again either by lowering the interest rate, the length of the loan to decrease your payments, or the total amount owed.
Loan Modification - If your payment amount increased due to an adjustable rate mortgage, or you find you cannot afford your mortgage payment due to a job loss or some other unforeseen circumstance, our bankruptcy lawyers can negotiate a loan modification for you with your lender. By either reducing your interest rate, lengthening the term of your loan, or lowering your principal balance, our staff can work to reduce your overall payment amount so as to make it affordable for you.
Debt Reduction or Elimination
We have many options to help you with in order to avoid bankruptcy and yet still handle your debt. Our legal staff prides itself on providing excellent service to our clients in the Houston area, being available to assist with all of your financial concerns as we work through the process of getting you back on your feet financially. Contact us today for your free initial consultation.
There are alternatives to consider. Contact a Houston Bankruptcy Lawyer today to learn more about these.