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Your Options for Relief from Debt

September 13, 2012

You may have heard the expression, “There’s no one way to skin a cat.” For most Americans struggling to make ends meet, that expression is true for debt relief, too.


For most debtors, the truth is that you’ve got options. To ease the stress on your family’s balance sheet, credit counseling might be all that you need. Alternatively, depending on the amount of debt you owe and the willingness of your lender, you may be able to negotiate a debt settlement. In a debt settlement, you may wind up making a large one-time payment and, in exchange, receive debt forgiveness for the remainder of your indebtedness. Finally, you can take the nuclear option: declaring bankruptcy.


Personal bankruptcy has drawbacks. It can severely damage your credit score for a prolonged period of time and reduce your access to future credit. On the other hand, it’s not all bad news. Bankruptcy can also relieve you of potentially all of your unsecured debt. Moreover, while you’re in bankruptcy, the automatic stay will protect you from annoying phone calls, letters, and emails from your creditors.


Which course of action is right for you and your family? The attorneys at the Dallas law firm of Fears Nachawati are prepared to help you sort through these tough decisions. Thanks to our experience, we’re able to help debtors determine the right course of action for their families. Contact our professionals today to get started on your road to financial freedom. We’re ready to help.


Use the form below to send us a note, call us at 214.890.0711 or chat with us live. We are eager to help with your legal needs. Please keep in mind that any unsolicited information sent through our website cannot be treated as confidential. Contacting us through this site does not create a representation relationship with Fears Nachawati.

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With offices across Texas, and attorneys licensed in Texas, Florida, Arkansas, New Mexico, California, Illinois, District of Columbia, Missouri and Oklahoma, Fears Nachawati is dedicated to attaining the best possible solutions for our clients’ business and personal needs. We strive to be professionals who are creative, empathetic and reliable.

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