116. Are You Having Trouble Repaying Your Debt?

Do you have more debt than you are able to repay? If so, you may be wondering what are your options. We have worked with many people in the same situation. So, what are your best options?

Option 1: Do Nothing/Ignore the Debt

Is this the best option? Well, if you have no income or assets that can be taken from you, you could consider doing nothing. However, be prepared to continue receiving telephone calls, letters, and/or lawsuits from creditors.

Option 2: Repay the Debt in Full

If you are financially able, you can always repay your debt in full. If you are able to do this, be sure to request a letter of deletion.

Option 3: Debt Settlement

Settling your debt with your creditors can be done directly with your creditors, a debt settlement company, or an experienced attorney. This is a voluntary repayment plan with your creditors, in which your creditors agree to reduce the amount owed. But, be aware that not all creditors will be willing to work with you or a settlement company.

Option 4: Bankruptcy

Filing for bankruptcy can be a scary thought. However, a bankruptcy is just a federal court proceeding which can eliminate all or part of your debt. Or, it can force your creditors to take a payment plan on part or all of your debt.

Need More Information?

At the Law Office of Daniela Romero, we believe in relationships that are based on trust. Before we work together, we would like to get to know you and we would like you to get to know us. We want you to be sure you are the right fit for us and that we are the perfect fit for you. This will allow you to be completely comfortable sharing intimate and difficult details of your case, so we can offer you representation to the fullest extent of the law. Call us today to set up a free consultation.

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Daniela Romero

Daniela Romero has been practicing law in the Los Angeles area since 1998. Ms. Romero has practiced in the areas of civil litigation, family law and bankruptcy law. She was also the staff attorney for the Los Angeles County Bar Association’s Domestic Violence Project. MORE


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