Debt Settlement Attorney in California
Sometimes people in California prefer to settle their debts than file bankruptcy. And for others, they may not be eligible for bankruptcy relief, due to a prior bankruptcy filing, for example. An attorney can assist with this process. If you are in need of assistance, then contact me today to speak with a Los Angeles debt relief lawyer.
Los Angeles Debt Settlement Lawyer Helping with Credit Card and Other Debts
If you have large credit card or other unsecured debt, I can assist by negotiating with your creditors to repay only a portion of the amount owed. Typically, this requires paying a lump sum settlement amount, at a reduced negotiated balance. In return, the creditors release any rights they have against you in the future. This means that they cannot come back later and say that you still owe them money on that account.
Creditors will usually give discounts on the balance owed based on their perception of your ability to pay. Typically, this involves an analysis of your income, expenses, value of your assets, and amount of other debt obligations.
There is a benefit to a bankruptcy attorney handling these negotiations as we are in a unique position to state whether or not bankruptcy is an alternative option and how much the creditor would receive if a bankruptcy case were filed.
This can give significant leverage in the negotiations and result in a significantly lower settlement amount.
Almost any debt can be settled. Many clients have substantial credit card or medical debt. And many have business related debts. Whatever type you have, see what options are available for debt relief.
Having a bankruptcy attorney negotiate these types of settlements is helpful because it lets the creditors know that a bankruptcy filing is a possibility, and receiving a discounted payment now would be better for them than getting less after a bankruptcy filing.
California Attorney Helping to Settle Your Debts
Attorney Mark Markus
When debt settlement is your best option, I can help. And I can also help if you need to file bankruptcy.
I have been achieving debt relief for my clients since 1991. Open communication is a hallmark of my representation and I promptly respond to client questions. All work is done by me, in my Burbank, Los Angeles office. No paralegals or assistants.
Our firm serves many cities and counties in California, including counties of Los Angeles, Orange, Santa Barbara, Riverside, San Bernardino, Ventura, San Luis Obispo, and cities including Burbank, Glendale, Sylmar, Panorama City, Simi Valley, San Fernando Valley, Irvine, Santa Clarita, Oxnard, Huntington Beach, Ontario, Rancho Cucamonga, Corona, Torrance, Agoura, Long Beach, San Fernando, Van Nuys, Sherman Oaks, North Hollywood, Anaheim, Hollywood, Riverside, San Bernardino, Lancaster, Palmdale, Pasadena, and many more.