Palmdale Debt Settlement Attorneys
Customized Debt Settlement Solutions for Every Client
Although bankruptcy is one of the most popular debt relief methods, it is not the only option. At Wadhwani & Shanfeld, our Palmdale debt settlement lawyers are dedicated to creating a customized solution for every client. We understand that everybody’s financial situation is different, and we appreciate that each individual may handle debt a little differently depending on a number of factors. If bankruptcy is not the right option for you, debt settlement may be a more likely alternative.
On This Page:
- How does Debt Settlement Work?
- Who Can Benefit From Debt Settlement?
- Act Quickly to Protect Your Finances
- Choose Wadhwani & Shanfeld
Call 800-996-9932 today with our Palmdale debt settlement attorneys!
Debt Settlement is a negotiation process between borrowers and creditors. Typically, the borrower is represented by a legal advocate to better protect his or her best interest. These negotiations are often handled outside of court and can involve settlements where the borrower ends up paying less than he or she initially owed. For debt collectors, settlement options are usually more appealing than bankruptcy. And, because our firm works primarily on bankruptcy cases, we understand what to do in order to settle debts in your favor.
The following individuals may benefit from debt settlement:
- Those who are unable to file either Chapter 7 or Chapter 13 bankruptcy, or have recently filed and are ineligible
- Individuals with a high income
- Individuals with a large number of assets
- Those who object to bankruptcy based on moral or religious reasons
Settlement plans usually see the most success when the borrowers are proactive. If you know you will not be filing bankruptcy but you are unable to pay your debts, take action as soon as you can to develop a debt settlement plan. Acting quickly can give you a better chance of securing a settlement before your account is affected.
With more than 65 years of legal experience on our side, our Palmdale debt settlement lawyers are confident in the legal knowledge and financial solutions we can bring to the table. We are committed to finding applicable debt relief options for our clients, whether that means filing bankruptcy or reaching a debt settlement. Our central goal is to protect your interests and work towards a brighter financial future for you and your family.