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
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
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!