PLEASE NOTE: Our office remains open and available to serve you during the COVID-19 crisis. We are offering our clients the ability to meet with us in person or via telephone. Please call our office to discuss your options.

Call: 240-696-1816

Toll Free: 877-389-5694

Law Offices of
David H. Sandler & Associates

Helping People With Debt Relief for 15 Years
Short Sales

Helping People With Debt Relief for 15 Years
Short Sales

240-696-1816

877-389-5694

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Are There Alternatives To Bankruptcy?

While bankruptcy might seem like the perfect solution to financial troubles, many people choose to explore other options rather than file Chapter 7 or Chapter 13. If you are facing financial peril, it is crucial that you discuss your options with a skilled bankruptcy attorney as soon as possible.

With more than 20 years of experience handling a broad range of bankruptcy cases for my Maryland clients, I can provide the clear answers and legal guidance that you need in these delicate matters. How you handle your financial troubles now can impact your future stability.

What Is Debt Workout?

Debt workout refers to a negotiated agreement between a debtor and creditor — or creditors. At the Law Offices of David H. Sandler & Associates, our legal team will thoroughly examine your situation and work to negotiate an agreement on your behalf. Typically, these agreements can take one of two forms:

  • Composition: This is typically a settlement between a debtor and two or more creditors where the creditors agree to take a partial payment in full satisfaction of the claim.
  • Extension: This is an agreement between the debtor and two or more creditors to extend the period of time in which the debt may be repaid.

Are There Other Bankruptcy Alternatives?

An experienced bankruptcy lawyer can provide the guidance you need if you are attempting to decide on the right course of action. Many people shy away from filing for bankruptcy, but need financial advice. Depending on your situation, there might be alternatives in addition to bankruptcy, including:

For any of these bankruptcy alternatives, it is crucial that you discuss your situation with an experienced attorney. These solutions are not one-size-fits-all and you will benefit from the guidance and insight of a skilled legal professional.

For an appointment with a Landover bankruptcy attorney, call 877-389-5694 today.

We are a debt-relief agency. We help people file for relief under the Bankruptcy Code.