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Los Angeles Bankruptcy Lawyers / Rancho Cucamonga Bankruptcy Lawyer

Rancho Cucamonga Bankruptcy Lawyer

Millions of Americans are struggling to manage unsustainable debt loads. Threats of lawsuits and harassing phone calls are only some of the problems they deal with daily, and many don’t know that help is available. Fortunately, bankruptcy might be an option for tackling debt and finally breaking free of creditor harassment. Contact Wadhwani & Shanfeld today. We have helped more than 25,000 people with their debt. In a consultation, a Rancho Cucamonga bankruptcy lawyer can discuss possible options, including non-bankruptcy options which might make sense for you.

Why Should You Consider Bankruptcy?

No debt solution is quite as effective as bankruptcy. You garner many benefits, depending on the type of bankruptcy you file:

  • An automatic stay cuts off any collection activity, including wage garnishment or foreclosure.
  • Bankruptcy can finally eliminate many unsecured debts, allowing you to turn the page and put them behind you. A Chapter 7 bankruptcy is the fastest option available.
  • Bankruptcy might allow you to catch up on some unpaid debts which can’t be discharged, like mortgage payments and child support arrearages, which you can spread over a Chapter 13 payment plan.
  • You can often strip second mortgages from your home, which is virtually impossible without bankruptcy because this is secured debt.
  • The negative impacts on your credit are overblown. Many filers can repair their credit in a few years after filing.

Let the legal team at Wadhwani & Shanfeld review whether bankruptcy is right for you. We have helped those in retirement or divorce develop the right debt strategy aligned with their goals, and we are eager to help you, too.

What Are Other Debt Solutions?

Bankruptcy is not the ideal option for all clients. Instead, we can review your finances and listen to your goals before reviewing other options, such as:

  • Debt settlement. We might negotiate with a creditor to accept less than the full balance on your debt. Many creditors accept this option because they fear you will file for bankruptcy and perhaps deprive them of any payment at all. If they agree to a lump sum, we can ask them to waive the remaining balance.
  • Loan modification. We have worked with lenders to change the terms of a home mortgage so you can lower your monthly payments and avoid foreclosure. For example, we might lengthen the duration of the loan from 15 to 30 years, or 30 to 40 years.
  • Litigation defense. A collection agency might be unable to prove you owe a debt because they lack sufficient documentation. You should challenge any debt instead of immediately agreeing to pay it. Some debt is barred by the statute of limitations.

Request Your Consultation Today

Wadhwani & Shanfeld has helped thousands of consumers dig out from an avalanche of debt. Whether you owe back taxes, court judgments, credit cards, or medical debt, we have a debt solution that might work for you. We strongly encourage that indebted consumers commit to tackling their debt problem today. Contact us for a confidential meeting with a Rancho Cucamonga bankruptcy lawyer at our firm.

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