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Alternatives To Bankruptcy

Last updated on June 11, 2024

Feeling overwhelmed by debt is a common experience, but there are options beyond bankruptcy that could offer relief while protecting your financial future. If you’re hesitant about the consequences of filing for bankruptcy, a bankruptcy lawyer can provide guidance on the available options.

For decades, the lawyer at Janssen Law, PLC, has provided clients in central Iowa and beyond with legal guidance and support to deal with complex financial challenges. As a seasoned bankruptcy attorney, Dallas Janssen understands that every individual’s situation is unique, which is why personalized solutions are offered, tailored to your specific needs.

Why Consider Bankruptcy Alternatives?

There are many reasons why you may want to consider alternatives to bankruptcy, including, but not limited to:

  • Personal belief systems or reputational concerns
  • Concerns about retaining important assets
  • To avoid further damage to your credit
  • Avoiding legal proceedings
  • Maintaining your financial flexibility
  • Protecting co-signers or guarantors
  • Preserving your business relationships

Mr. Janssen will take time to understand your financial situation and goals, providing comprehensive guidance on the various alternatives to bankruptcy available to you.

What Alternatives To Bankruptcy Are There?

If you want to avoid bankruptcy, there are several options you can consider, including:

  • Negotiating payment plans with creditors: Directly discuss manageable repayment terms to avoid bankruptcy.
  • Enrolling in credit counseling programs: Seek guidance for debt management and potential negotiation with creditors.
  • Consolidating debts through loans: Combine multiple debts into one with better terms, simplifying payments.
  • Restructuring or refinancing debts: Adjust loan terms to make repayment more manageable, potentially lowering interest rates.
  • Exploring other debt-relief options: Investigate alternative solutions like debt settlement or assistance programs for tailored support.

With legal guidance from Janssen Law, PLC, you can better understand the options available to you based on your unique financial circumstances and goals. This empowers you to make informed decisions for a more stable financial future.

Get In Touch Today

The legal guidance that you need is just a phone call away. Contact Janssen Law, PLC, at 844-879-2839 or send an email today to schedule a free one-hour consultation and take control of your financial future.

Janssen Law, PLC, a debt relief agency. Attorney Dallas Janssen helps people file for bankruptcy relief under the Bankruptcy Code.