Debt Negotiation and Debt Relief Options
Sometimes bankruptcy is not an option or not the right answer. Unfortunately, there are few good alternatives. Most debt relief solutions don't offer any real relief and many of them put people in a deeper financial hole.
The law firm of David F. Cannon can help you determine if you need to file for personal bankruptcy or business bankruptcy, or if you can benefit from less drastic debt relief alternatives that actually work. We are only concerned with protecting your best interests.
Legitimate Non-Bankruptcy Alternatives
You may want to protect your credit rating or your business. Your finances may be tight but not yet dire enough to require bankruptcy. You may have the wrong kind of debt that bankruptcy can't cure.
Whatever your circumstances, our first mission is to steer clients away from common debt relief traps such as debt consolidation, credit counseling or loan modifications. These "solutions" often devour huge upfront fees without delivering any result. Many people end up deeper in debt and closer to foreclosure — and are then forced to file bankruptcy to avoid losing everything.
We have helped many people find legitimate alternatives to bankruptcy such as:
- Debt negotiation by an attorney — Many debt settlement companies don't actually work out any arrangement with creditors, and they usually pay themselves for up to a year before they pay on your debts. Our lawyers can negotiate directly with your creditors to substantially reduce what you owe. We have negotiated lump sum settlements such as a payment of $40,000 to satisfy a debt of $100,000, and we of course can work with smaller debts.
- Loan workouts or short sales — If your lender is willing to work with you, and if your lender suspends foreclosure action, these strategies can be a worthwhile to (a) save a home or (b) to walk away without debt and a foreclosure on your record. We can negotiate on your behalf or review the terms of an agreement.
- Financial management programs such as The Dave Ramsey Budget — You don't need to pay big fees to a credit counseling agency to take control of your finances and systematically pay down your debts.
Bankruptcy can also be a strategy in conjunction with other debt relief methods. We provide pre-bankruptcy planning to help people "get their ducks in a row" and plan the timing of a bankruptcy to get the greatest benefit.
Debt Counseling Services Attorney in Nashville
David F. Cannon is certified as a Consumer Bankruptcy Specialist by The American Board of Certification and The Tennessee Commission on Continuing Legal Education and Specialization. He has helped thousands of clients file for bankruptcy since 1991.
Call 615-800-3725 in the Nashville area or toll free in Tennessee at 877-696-8680, or e-mail our law office today to arrange a confidential consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
