A Reputable Bankruptcy Attorney Providing Debt Settlement Services
If you’re facing overwhelming debt but aren’t ready to pursue bankruptcy, one of the alternatives you may have considered is debt settlement. Put simply, debt settlement means negotiating with creditors to resolve debts for less than the full amount owed.
This can be a great option if handled properly. But buyer beware: There are many for-profit debt settlement companies that are ineffective and many more that are scams. Even if you don’t want to pursue bankruptcy at this time, it is wise to work with an experienced bankruptcy attorney who offers debt settlement services. In North Hollywood and throughout the Los Angeles area, you can find the help you’re looking for at the Law Offices of Danny K. Agai. Mr. Agai has been helping individuals resolve their debt issues for more than a decade. He and his team go above and beyond to help clients get out of debt and find a fresh financial start.
What To Know About The Debt Settlement Industry
Those in serious debt often feel a sense of desperation, and that leaves them vulnerable to opportunists and scammers. While there are “legitimate” debt settlement companies out there, they often charge exorbitant fees, and the services they provide are things you almost certainly could have achieved on your own. They also won’t tell you that creditors are under no obligation to even speak with them, much less accept their settlement offers.
Based on the bad advice of debt settlement companies, many debtors stop making payments to their creditors, only to see their debts grow and their credit scores sink even lower.
There are also plenty of debt settlement companies that are simply scams. These “businesses” will ask for payment upfront and will disappear without even trying to settle your debts. It can be very difficult to tell which companies are real and which are fake. For all these reasons and more, it is best to avoid both.
Work With A Real Attorney Instead
Bankruptcy attorneys have extensive knowledge of bankruptcy law, the laws and regulations governing debt collection, and the rights and protections afforded to debtors. A good attorney like Danny Agai will also have strong negotiation skills backed by many years of experience. Plus, a lawyer will be ready to defend you if a creditor attempts to take legal action.
Furthermore, creditors are often more willing to negotiate if they know they’re speaking to a bankruptcy attorney. There is an understanding (expressed or implied) that the debtor could ultimately file for bankruptcy, and that puts the creditor at greater risk of collecting even less or getting nothing at all.
Finally, if you do eventually decide to pursue bankruptcy, your attorney will already be familiar with your case and can guide you through the process. A good lawyer will never pressure you into taking any particular course of action, but they will be ready to support you every step of the way.
Discuss Your Debt Settlement Options With An Honest And Trusted Lawyer
Clients in the Los Angeles area have trusted the Law Offices of Danny K. Agai to help resolve their debt issues for more than a decade. The firm offers free initial consultations, where attorney Agai will examine your financial situation and explain your legal options.
This firm is a debt relief agency. Attorney Danny Agai helps people file for relief under the Bankruptcy Code.