Скачать или смотреть Non-Bankruptcy Options For Dealing With Secured Debts In California With Attorney Gebelt

http://www.goodbye2debt.com/

Law Offices of Nicholas Gebelt
15150 Hornell St
Whittier, CA 90604
(562) 777-9159


You can always pay your debts off entirely, but that’s often not realistic for larger amounts. Another option is to negotiate with your creditors. For instance, you could propose a deal where, even though your in-persona liability will be discharged through bankruptcy, you work out a lower balance, reduced interest rate, or smaller monthly payments that are more manageable for you.

This approach provides your creditor with an ongoing stream of payments and avoids the hassle and expense of repossessing and selling the asset. If both sides can agree on terms, you might reach an arrangement that works for everyone. However, any agreement would need to be approved by the bankruptcy judge handling your case.

When negotiating, remember this key to success: you need to convince your creditor that your proposal is in their best interest. Appealing to compassion or asking for help rarely works; instead, focus on demonstrating why your offer is the best deal they’re likely to get.

Point out the costs they’ll face if you don’t pay—such as repossessing, holding, and selling the asset—while also factoring in delays caused by the automatic stay in bankruptcy unless it’s lifted. Presenting a practical solution in this way that benefits them, you might be able to restructure the debt without adhering strictly to the original terms of the agreement.

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