Alternatives to Bankruptcy in Miami

Our Bankruptcy Attorney Explains

If you are experiencing crushing debt and considering bankruptcy, we recommend exploring all of your options before making a decision. Since each person's debt-load and personal situation is unique, there isn't a cookie-cutter approach to debt, but the good news is that no matter how grave your circumstances are, there is always something that can be done to turn things around for the better!

At Orshan, P.A., our Miami bankruptcy lawyer has 25 years of experience helping people get out of debt and we are confident that we can help you examine your bankruptcy options as well as any viable alternatives.

Why choose Orshan, P.A.?

  • Certified in Business Bankruptcy Law by the American Board of Certification
  • Selected for inclusion in Florida's Super Lawyers®
  • AV Preeminent® Rated by Martindale-Hubbell®
  • Top Lawyer in Florida in Bankruptcy Law (2012)

Exploring Your Alternatives Before Filing

If you are struggling with debt, bankruptcy may be a good option, but there may be other alternatives that are more suitable remedies. Below we have included the main alternatives to filing for bankruptcy in Miami, any one of which may be applicable to your situation.

Negotiate With Your Creditors
Call your creditors and explain your situation. If you tell them that you are considering filing for bankruptcy, they may offer you an alternative payment plan to help you through this difficult time.

Review Your Budget
Take a good hard look at your financial situation and write out a budget. You will want to include your monthly household income and all of your household expenses. Understanding where your money is going may be able to help you avoid filing for bankruptcy. It is important to look for ways to decrease spending; for example, eliminating premium channels from your able service, or cutting back on entertainment expenditures.

Refinancing a Loan
If you are able to get better terms on a car loan or a mortgage, it is a good idea to consider this option.

Debt Consolidation Loan
With a debt consolidation loan, the first hurdle is to qualify for the loan. The idea is to consolidate your debt into one loan that has a lower interest than what you are currently paying. You will want to look at what you will be paying over the life of the loan, rather than just the monthly payment.

Credit Card Consolidation
In this scenario, you would transfer a balance from a higher interest rate credit card to one with a lower rate. It may be necessary to apply for a new credit card with a lower interest rate if you don't already have one that can be used.

Request your risk-free case evaluation!

If you are in a financial bind, we urge you to contact Orshan, P.A. to schedule a risk-free case evaluation with Attorney Orshan. Our Miami bankruptcy attorney will review your situation in detail and explain your options and what each option means, this way you be confident that whatever decision you make will be an educated one. Contact us as soon as possible!

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