Seattle Debt Settlement Attorneys
Bankruptcy Alternatives
If you are overburdened by debt but filing for bankruptcy is not the right solution, there may be alternatives that we can explore to help you in your hardship situation.
Debt Settlement is a process whereby we negotiate with your creditors to have them accept a discounted lump sum payment to settle the debt in full. This can be a very effective method of reducing your crushing debt without having to file bankruptcy. In most cases, only unsecured debts such as credit card debt, medical bills, personal loans, and accounts in collections would qualify for debt settlement. In some cases, we can negotiate a reduction of second mortgages as one lump sum payment as part of debt settlement or real estate short sale.
Debt Settlement is a hardship based program available to those who suffer from legitimate financial hardship and cannot continue to pay debts under the original terms. Creditors are often willing to settle your debts in order to avoid lengthy and costly collections effort against you or possible lose repayment all together if you file for bankruptcy protection. A successful debt settlement negotiation may save a debtor a significant percentage of the total amount owed.
Find Out If Debt Settlement Is Right for You
We offer affordable service while getting you the debt relief you need. Call 206-625-4091 to schedule a free initial consultation with one of our attorneys to see if you qualify for our debt settlement program. We will help you explore all possibilities to get your life back and be relieved of crushing debt. At the Tran Law Group, PS, we are committed to helping our clients and our commitment show through every day as we help clients take back control of their finances and provide the fresh start they deserve.