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| Services / Non-Bankruptcy Alternatives |
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Non-Bankruptcy Alternatives Workouts / Settlements In certain circumstances, neither a Chapter 7 nor a Chapter 13 bankruptcy are appropriate. In those circumstances, we can negotiate and settle unsecured debt for a lump sum percentage. Debt Settlement is not the same as Consumer Credit Counseling or Debt Consolidation. Any person owing credit card debt, or any other debt, has the legal right to contact and negotiate with the creditors. However, not everyone has the skills necessary to obtain the maximum benefits. On average, we reduce your current unsecured debt balances 40-60% by negotiating an agreed settlement amount with your creditors. Possible resources for funding the lump sum settlements include either refinancing your existing loan or making monthly installments into a client trust account. Offers In Compromise (To Settle Income Tax Debt) An offer in compromise is an agreement between an individual and the IRS (or the state taxing authority) that resolves the taxpayer's tax debt. The IRS has the authority to settle, or "compromise," federal tax liabilities by accepting less than full payment under certain circumstances. A tax debt can be legally compromised for one of the following reasons:
Contact us to determine whether an offer in compromise is possible in your circumstance. Contact us for a free consultation
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Wadhwani & Shanfeld, APLC, is a federally designated DEBT RELIEF AGENCY as defined in the 2005 amendments to the US Bankruptcy Code. This law firm provides legal advice regarding the pros and cons of filing bankruptcy and represents people and small businesses in filing for bankruptcy relief under the US Bankruptcy Code. Wadhwani & Shanfeld, APLC's practice areas include: Los Angeles Bankruptcy Lawyer, Los Angeles Bankruptcy Attorney, chapter 7 bankruptcy in los angeles, chapter 13 bankruptcy in los angeles, personal bankruptcy in los angeles, filing bankruptcy in Los Angeles, file bankruptcy in Los Angeles, Los Angeles bankruptcy, bankruptcy Los Angeles, bankruptcy lawyer in Los Angeles, and California bankruptcy law firm. Contact Wadhwani & Shanfeld, APLC, Los Angeles Bankruptcy Lawyers. |