Alternatives to Bankruptcy in Kissimmee
Is Bankruptcy Your Best Option?
Dealing with crushing debt is stressful and overwhelming for debtors. If
you're currently experiencing financial problems, it may be time to
consider your bankruptcy options as well as any viable alternatives. At
Carmona Law, our
Kissimmee bankruptcy attorneys enjoy helping the members of our community find the debt relief they need.
If you want to weigh your bankruptcy options, we can give you the information
and legal advice you need to make the right decision for you and your family.
What Other Choices Do You Have?
Bankruptcy may or may not be the best choice for you. Speak with a knowledgeable
Kissimmee bankruptcy alternative lawyer first before you make any decisions
about your financial future.
Below are examples of common alternatives:
Credit Card Consolidation: If you have good credit and haven't defaulted on your payments, you
can look for a card with a low-interest rate. You then transfer high-interest
rate credit card balances to a single card to save money on your monthly
finance charges as you pay down the debt.
Debt Consolidation Loan: You may be able to consolidate your debt by taking out a personal loan
from your bank or credit union. While this won't improve your credit
score, you can experience some financial relief as your debts are consolidated
into one lower monthly payment.
Contact Your Creditors: It's a good idea to contact your creditors as soon as you realize that
you will fall behind on payments. Explain the situation and tell them
why you're having difficulty, and try to work out a modified plan
that reduces your payments to a more manageable level. It's better
to be proactive instead of waiting until your accounts have been turned
over to collections.
Debt Settlement: With debt settlement you negotiate with your creditors to agree to accept
a lump sum payment. In order to do this, you need to have the cash available
to make the lump sum payment. There are consequences to doing this, so
it's wise to consult with an attorney to understand the liabilities involved.
Adjust Your Spending Habits: If you're living beyond your means, adjusting your spending habits
could make a big difference in your cash flow. For some debtors it means
cutting down on entertainment, bringing lunch to work, and finding creative
ways to save money. Sometimes small changes can mean hundreds of dollars
saved every month.
Contact a Kissimmee Bankruptcy Alternative Lawyer
Some of our clients have endured extended periods of unemployment or have
had other unexpected circumstances that have made it impossible to pay
their bills for months. If your bills have been sent to collections, or
if you are facing an eviction, a repossession or a foreclosure, filing
for bankruptcy may be your best alternative, and we can help. We offer
legal services in
English and Spanish. Our law firm has four offices throughout Florida and we also serve residents
of Puerto Rico and Colombia.
Contact our Kissimmee bankruptcy law firm to schedule a
free case evaluation.