Alternatives to Bankruptcy in Tacoma

Bankruptcy is not for everyone, even when a person is under unmanageable amounts of debt. The bankruptcy process was created to help consumers get out from under debt because of unexpected financial hardship, or simply because of poor financial decisions. There are other options for finding relief, however, and Washington Fresh Start can help you understand exactly what options are available for your situation. Although there are numerous benefits of bankruptcy, filing for bankruptcy has a few down sides that may be entirely avoidable by pursuing an alternative.

Loan Modifications & Debt Negotiation

Most alternatives to bankruptcy come out of negotiation with your creditors. Your creditors may be far more understanding than you might think when it comes to modifying your loan. Some repayment is better than none, which means that they may very well agree to a loan modification if it is the only alternative to bankruptcy. Your interest or principle could be reduced, or the term of your loan could be extended, each of which will result in lower monthly payments. You could also pursue debt consolidation to eliminate excess interest rates, or you could negotiate for debt settlement that allows you to pay one lump sum that is less than you owe, but is considered to be full repayment by your creditor.

Find a Bankruptcy Attorney in Tacoma

Attorney David Yando has more than 30 years of hands-on experience in bankruptcy and other forms of debt relief. If you are looking for an alternative to bankruptcy, we can provide the counsel and guidance that you need. You will have the full attention of your lawyer throughout your case and will be able to find financial freedom sooner than you ever thought possible. We offer easy payment plans, as well as a free case evaluation, so you have nothing to lose by consulting with a Tacoma bankruptcy lawyer from our firm. Contact us today!

Contact Washington Fresh Start

Get in Tough for your Free Consultation

Send My Information