Non-Bankruptcy Options for Individuals in Fort Lauderdale
Debt Relief Attorneys with 70+ Years of Experience
For certain individuals who are struggling to make ends meet, bankruptcy may be a viable option. But others may want to avoid filing because of the impact on credit, the potential loss of assets, and the existence of better alternatives.
At LSS Law, our debt relief lawyers in Miami have over seven decades of collective experience helping clients find solutions to their crippling debt. While many file bankruptcy and obtain the fresh starts they need, we have an assortment of methods we can use to help you get back on your feet. Generally, we recommend considering all possible alternatives before deciding bankruptcy is your only option.
Alternatives to Bankruptcy for Consumers
While you may not know the right path for you until you meet with LSS Law, becoming familiar with your options is a great first step. No matter what kind of debt you have or relief option you choose, we can help you navigate the rights and obligations of both you and your creditors.
Contact our debt relief lawyers for assistance with the following:
- Informal liquidation (i.e. selling assets)
- Defense against creditor harassment if you choose not to pay
- Student loan payment and forgiveness options
- Individual debt restructuring/consolidation, such as through loans with lower interest rates
- Negotiation with creditors (e.g. Composition Agreements)
A Composition Agreement is a type of negotiated settlement with multiple creditors. As a group, the creditors agree to accept less than what you owe in credit card debt, promissory notes, loans, or personal guarantees on business obligations. While filing bankruptcy includes a stipulation that prevents you from filing again within six years, Composition Agreements do not prevent future settlements or bankruptcies.
Many don’t know that creditors can be highly motivated to prevent their debtors from filing bankruptcy. Because a bankruptcy court may discharge your debt, a creditor may be more likely to negotiate a lower amount if they believe you have no other options. At LSS Law, our debt relief lawyers are highly skilled in developing effective negotiation tactics. Because we have represented both debtors and creditors, we understand what it takes to form an arrangement that benefits you and satisfies the individuals or companies you owe.
Let Us Help You Forge a New Path Today
In our decades of combined experience, we have seen individuals achieve a level of success they never would have thought possible after we helped them recalibrate their finances. Debt carries a negative stereotype, but we have witnessed hard-working and diligent individuals fall on hard times through no fault of their own. We are deeply committed to helping every client who walks through our doors look toward the future with optimism and confidence.
“Excellent company to work with providing timely advice and guidance.”
“.... very attentive, patient and knowledgeable”
“Well prepared, great attention to detail, and very empathetic to my needs.”
“I felt extremely well represented [by LSAS Attorneys] during the whole process.”
“[A]n amazing attorney to work with, extremely thorough, hands on and always available for any questions or concerns that you have.”