Debt Settlement Agreements

San Diego Debt Settlement Agreements Attorney

San Diego County Assets and Bankruptcy Lawyer

In some circumstances, bankruptcy may not be your best debt relief option. One of the most complex debt relief situations is one in which a person wants to protect certain assets and resolve a financial crisis at the same time. In such circumstances, other debt relief options, such as negotiating debt settlement agreements, may be a better solution.

If you have concerns about asset protection during times of financial trouble, do not make hasty decisions. Seek thorough legal advice that is tailored to your unique needs. Make a debt relief plan that provides strong asset protection. At the San Diego law office of Law Offices of Daniel G. Shay, our entire practice focuses on bankruptcy, debt relief and asset protection. If you have questions about the benefits of debt settlement agreements compared to bankruptcy, contact us to schedule a complimentary initial consultation.

Call 619-222-SHAY(7429) for a Free Consultation About Debt Settlement Agreements

If you file bankruptcy when you have “too many assets” according to United States bankruptcy law, the property exemption rules will not completely protect you. For example, if you file Chapter 7 bankruptcy, the Bankruptcy Trustee will sell your non-exempt assets to pay your creditors. If you file Chapter 13 bankruptcy, the Bankruptcy Trustee may require you to repay 100 percent of all debts, rather than discharging some unsecured debts after you complete the repayment plan.

For people with significant assets who need debt relief, debt settlement agreements may be a better alternative. Attorney Daniel G. Shay offers advice and analysis to help you determine which is the better option for your specific circumstances.

Our law firm offers debt settlement negotiation services. Our fees are set at a small percentage of the amount we are able to save the debtor by negotiating a settlement. Our goal in debt settlement agreement negotiations is to obtain a settlement that is 50 percent or less of the total amount currently due.

If you want to settle your debts via negotiation instead of bankruptcy, you will need to have access to ready financial resources — a good rule of thumb is to have ready at least 30 percent of the total amount owed.

Get more information about debt settlement agreements and their advantages and disadvantages compared to bankruptcy. Contact our office to schedule a free initial consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.