Many people turn to bankruptcy when they experience serious problems with debt. Most of the time, they do not know that there are other options available. Debt Negotiators believe that bankruptcy should be a last resort, and we can help you to understand and implement and range of alternative solutions that may be more financially viable.
Bankruptcy is a legal status by which you declare yourself unable to pay your debts. While this does allow you to avoid repayments that you can’t afford, there are long term repercussions to declaring yourself bankrupt, and other debt solutions should be considered before you take such an extreme step.
At Debt Negotiators, we specialize in finding the right debt relief solution for you, and in most cases we can help you to avoid bankruptcy. We can negotiate with your lenders to secure a debt agreement that allows you to pay what you can afford. We can also secure consolidation loans to reduce your monthly repayments, and offer financial advice and support to help you get back on track.
Many people think that bankruptcy is the only option when debt becomes so serious that they are struggling to pay it back. The truth is, bankruptcy is a last resort, and there are many other options available. Debt Negotiators are dedicated to finding the best financial solution for you, so even if you are falling badly behind with repayments, our aim is to avoid bankruptcy, and instead negotiate a debt relief solution that will reduce your monthly repayment.
We advice against bankruptcy, unless all other options have been exhausted. There are a number of reasons for this. Bankruptcy is an extreme financial state which leads to a very bad credit rating, is kept on record, and may lead to the sale of your assets and contributions of your income. It can even effect your employment opportunities, and your ability to travel overseas.
Before you consider bankruptcy, we will help you to find a debt relief solution that has less repercussions. There are many options available to help you to regain control of your debt, and avoid bankruptcy. These include:
If bankruptcy is your only option, then Debt Negotiators can work to ensure the process runs smoothly, but we will always do our best to make sure other options are available to you. Contact us today to arrange a consultation.