What are some alternatives to bankruptcy to deal with my debts?
If your problems stem from credit card debt, you can consider negotiating with the credit card companies to try to reduce your balances and enter into payment arrangements. Some of our clients ask us to negotiate with their credit cards companies for them. This may be successful if you do not have a large number of creditors. If you have a lot of creditors, if may be difficult getting them all to agree to work with you. It may not do you any good if some will work with you but others will not, since the ones that will not are still apt to harass you and sue you which may cause you to seek bankruptcy anyway. Some clients consider refinancing their mortgage to pay their credit cards. That can be dangerous, since they are transforming unsecured debts into secured debts and putting their house at risk when it was not at risk initially. Some clients consider that a bankruptcy filing is the easiest route to simply wipe out their debts and obtain a fresh start.
