Alternatives to Bankruptcy in Indianapolis, IN
Hesitant to File for Bankruptcy? Learn More about Your Options.
You may not need to dive into filing for bankruptcy headfirst when you are facing overwhelming debt. You should know what other alternatives there are so you can make an educated decision. It's recommended that you enlist the help of a qualified bankruptcy attorney in Indianapolis to help guide you through the maze so that you know what to do.
Our firm, Jackson & Oglesby Law LLC, understands how your specific financial situation can best be solved. Our lawyers, who are members of the National Association of Consumer Bankruptcy Attorneys, stay current with bankruptcy laws in order to provide you with the best possible representation.
Call now at (888) 713-5148 to find out how we can assist you.
Other Alternatives to Filing Bankruptcy Include:
- Credit and debt counseling services – These services involve helping you to organize a financial payment plan that your creditors agree to. You work out a plan, and you pay a monthly fee to the agency that in turn pays the creditors. It's possible the agency may also negotiate a lower interest rate with the creditor.
- Debt negotiation – This basically involves you or someone on your behalf talking with creditors to get them to lower the amount you owe. There are some nonprofit agencies that can help you accomplish this and other agencies that charge fees. There is no guarantee that a creditor will agree to lowering the debt.
- Debt consolidation loans – This is obtaining a new loan that allows you to pay off your creditors. It means that your monthly payment is less than what you were paying previously, which makes it easier to handle your debt. Sometimes the equity in your home is used as collateral; however, the interest rate can be high.
Let Jackson & Oglesby Law LLC Point You in the Right Direction
We know that there are many reasons for accumulating a mountain of debt. It could be because of poor financial practices, or it could be because of sudden and unexpected expenses, as in a medical emergency or a divorce. Whatever the reason, we can help get you back on track to a brighter financial future.
With our free bankruptcy evaluation, we will listen to your unique situation and discuss what we see as your best options for achieving your goals. Contact us now, before the situation gets any worse.