Q: What alternative courses of action are there to filing a wage earner or bankruptcy when facing overwhelming debt?

A: Short of bankruptcy, a debtor may attempt to mediate with creditors or negotiate workout agreements to extend due dates, lower interest rates, partially forgive debt or alter other terms. A debtor may execute an assignment of property for the benefit of creditors (ABC), wherein the debtor puts assets in the trust of a neutral third party to pay creditors. A business debtor can sell the business, negotiating the satisfaction of debt as part of the deal. Other creative options to bankruptcy exist. Many debtors, however, find that their creditors are unwilling to agree to reasonable terms or are completely unwilling to negotiate.

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 The Hurst Law Firm is a debt relief agency. Our experienced bankruptcy lawyers in Memphis, Tennessee help people file for bankruptcy relief under the bankruptcy code.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

We are a Title 11 Debt Relief Agency.  We help people file for bankruptcy relief under the Bankruptcy Code. This ad does not create an attorney-client relationship until a written agreement is signed.  The Hurst Law Firm represents the people of Memphis and Shelby County as well as the surrounding areas in Fayette County, Tipton County, and Lauderdale County in bankruptcy and wage-earner cases.  The Hurst Law Firm bankruptcy lawyers represent people in the Tennessee counties of Shelby, Fayette, Tipton, and Lauderdale along with those in the Shelby County cities of Memphis, Millington, Germantown, Lakeland, Cordova, Collierville, Arlington, and Bartlett.  The Hurst Law Firm attorneys represent people in the Tipton County cities of CovingtonMunfordAtokaBrightonMasonBurlisonGilt EdgeReverie, and Garland; Fayette County cities of SomervilleOaklandRossvillePipertonMoscow,Hickory, WitheLa GrangeGallawayWilliston, and Braden; and Lauderdale County cities of RipleyHallsHenning, and Gates.  

Disclaimer: The content displayed on this website is for informational purposes only and should not be considered legal advice.  No attorney-client relationship exists without a written contract, signed by all parties.

  

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