Omaha Nebraska Bankruptcy Advice & Non-Bankruptcy Options Pay Off Your Debts
Bankruptcy can be a powerful tool to help free yourself from debts that have gotten out of control. As we all know, a single long-term illness or period of unemployment can lead to you losing control of your finances. It can take months or years to get back on top of things. Our office focuses on giving clients the advice they need in order to decide whether or not bankruptcy is the right choice for them.
Is Bankruptcy Right For You?
Most people think that filing a chapter 7, chapter 11 or chapter 13 bankruptcy is the only way out of debt. This can be a mistake. Our office focuses on being able to provide full-service debt relief plans that may not include filing a bankruptcy petition. Omaha bankruptcy attorney Howard Duncan has been negotiating non-bankruptcy plans with lawyers for many years.
Our office can help you reach agreements with creditors that are mutually beneficial. You can have the opportunity to pay off as much of your debts as you wish, and yet you will not have to liquidate all of your non-exempt property. Your creditors benefit because they may receive more money than if you declared bankruptcy. This feature serves as a powerful bargaining tool that motivates creditors to agree to non-bankruptcy debt repayment plans.
Work-Outs
This is a type of non-bankruptcy option that allows businesses and individuals to re-work debt payment plans and loan schedules and avoid an actual declaration of bankruptcy. Mr. Duncan has had extensive experience working with commercial and non-commercial creditors in order to allow debtors the opportunity to get back in control of their finances without having to file a bankruptcy petition.
The bankruptcy lawyer at Howard T. Duncan, Attorney at Law has been giving clients bankruptcy advice and preparing non-bankruptcy debt repayment plans for a long time. Because of this, we can quickly evaluate your situation without requiring you to bring in detailed financial statements. Contact a Nebraska bankruptcy attorney to discuss your alternatives to filing bankruptcy.
