In light of the current health crisis, we are happy to offer free telephonic consultations. Should you choose to retain our services, we can easily handle the bankruptcy process via telephone and email. We hope that everyone remains safe and healthy during these unprecedented times.
Bankruptcy Attorneys Serving Southern California
Debt Settlement

Debt Settlement Lawyer in Los Angeles

Our Legal Team Can Help You Achieve Financial Freedom

Although many people achieve financial freedom through bankruptcy options, it is not always the best route for every person. For this reason, many individuals seek other methods, such as debt settlement, to pay off their debts in a shorter amount of time. Because no two cases are identical, it is important for debt-stricken people to explore their options with help by their side.

At Wadhwani & Shanfeld, our Los Angeles debt settlement attorneys are here to help you explore your options. No matter what your case may be, we can provide you with guidance so that you and your family can return to a stress-free life once again.

If you are drowning in debts, give our legal team a call today. In every case, we take an individualized approach, so you can rest easy knowing we will tailor your case specific for your needs.

Achieve Liberty Through Debt Settlement

What is debt settlement, and what is the process? It’s simple. When our legal team helps your navigate through the debt settlement process, we will negotiate with each individual creditor to lessen and resolve your debts.

Over the years, the chances of reaching settlements that are much lower than the actual amount owed are quite high. This is because most collectors are willing to reach a fair settlement rather than increasing the risk of the debtor filing for bankruptcy. Because we handle ample amounts of these cases, we frequently reach settlement at a large discount.

Is Debt Settlement Right for Me?

Many of the following types of individuals find debt settlement to be the best option:

  • People who cannot file bankruptcy because of a recent filing
  • People who have an income that is considered high
  • People who possess an ample amount of assets
  • People who have reasons, moral or religious, that oppose the idea of bankruptcy

Advantages and Disadvantages of Debt Settlement

Debt Settlement Pros:

  • The biggest benefit to settling your debts is complete and immediate relief from your financial stress.
  • In many cases, it does not damage your credit as severely as filing for bankruptcy.

Debt Settlement Cons:

  • By law, the written-off debts cannot exceed a certain amount. If they do, the difference becomes taxable income. In this scenario, you could end up owing taxes on some of the forgiven debts. Depending on your unique financial situation, this could be quite expensive.
  • Unlike bankruptcy, debts settlement does not offer consumers legal protection from creditor lawsuits. When you file for bankruptcy, creditors are legally obligated to halt all attempts to collect payment, such as creditor calls or legal action against you. If you decide to avoid court, creditors can still sue for your outstanding debts.

The Key to a Solid Debt Settlement Strategy

Remaining proactive is of the utmost importance when creating and moving through a debt settlement plan. If you find yourself struggling with unbearable debt, do not hesitate to get the assistance you need. Our Los Angeles debt settlement lawyers can examine your situation and help you decide which strategy and plan is best for you. In every case, we use a front-footed approach, so you are never left in the dark.

We Can Put Our Knowledge and Experience on Your Side

If you are unable to file for Chapter 7 or Chapter 13 bankruptcy or are opposed to the concept of it, our team of Los Angeles debt settlement attorneys can formulate a plan to help you achieve financial freedom. We know that every case is different and each individual has their own goals in mind and that is why we work diligently to avoid a “one size fits all” approach. We will always consider your feelings and make sure that the strategy we suggest is one with your goals in mind!

Call our team today and let Wadhwani & Shanfeld help gain you a new start! We are backed by more than 65 years of experience handling these types of cases.

Client Testimonials

We've Helped Over 20,000 Satisfied Clients
  • “Very professional, helpful. Would recommend to anyone.”

    - Jose Portillo
  • “5 stars very very helpful. walked me through filing .”

    - Joan Bevis
  • “Very professional, easy process and always available to answer questions, Thank you”

    - Ikram Kacem Nsiri
  • “Wadhwani & Shanfeld was very professional and always answered my questions. We are so grateful for them.”

    - Christopher & Jillian West
  • “I very much liked Raj and his staff and I would give them 100 stars if possible. I was kept informed and very happy with the end results. Thanks again...Steve”

    - Stephen Grossman

Why Choose Wadhwani & Shanfeld?

The Right Attorney Can Make A Difference
  • Invaluable Bankruptcy Insight

    Attorneys Raj Wadhwani and Greg Shanfeld are Board-Certified Bankruptcy Specialists who leverage their insight on behalf of clients. 

  • Hands-On Guidance

    Our legal team does all of the work for you, including filing paperwork, keeping track of deadlines, and providing protection from creditors.

  • Experience Where it Counts

    Our attorneys have over 65 years of collective experience helping clients in a broad range of bankruptcy and debt settlement cases.

  • A Prolific Record of Success

    Our firm has successfully helped more than 20,000 people put the pieces of their lives back together after a bankruptcy.

Begin Putting the Pieces Back Together

If you're struggling with debt, the most important thing you can do is hire the right attorney. At Wadhwani & Shanfeld, we have successfully filed over 12,000 bankruptcy cases and helped over 20,000 people get back on their feet.