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Debt Settlement vs. Filing for Bankruptcy

Undoubtedly, facing mounting debts can be stressful and frightening, causing many people to turn to bankruptcy in an effort to alleviate their financial burdens; however, while bankruptcy is the right option in many situations, it is not always the only option. In fact, many people in Houston with large amounts of debt may be able to work out debt settlement plans. At the Russell Van Beustring P.C., we want anyone with significant debt to understand that debt settlement may be a viable and preferable option.

How Debt Settlement Can Help You

Although perhaps less well-known than bankruptcy, debt settlement is actually a popular alternative for many who are struggling with their finances. Debt settlement has a number of benefits that you might potentially enjoy, including:

  • Consolidation of debts
  • Reduction or elimination of some debts
  • Lump-sum repayment options
  • Extension of repayment period with creditors

By offering these advantages to debtors, debt settlement is often a more preferred financial option; however, as it is not one that is available to all debtors, it is important to speak with a legal professional in order to evaluate your situation and options.

Contact a Debt Settlement Attorney in Houston

Many people struggle with their finances, but you do not have to struggle with bankruptcy or debt settlement on your own. If you’d like help figuring out what options are available to you for addressing your debts, talk with a lawyer from the Russell Van Beustring P.C. by calling 713-973-6650.

 


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