Bankruptcy Alternatives in Southbury

Helping You Get Out of Debt without Bankruptcy

Sometimes a person's financial situation can start to spin out of control even if they are working hard and spending wisely. When buried under debt, many people opt to file for either Chapter 7 or Chapter 13 bankruptcy. However, this option is not right for everyone. That is why at LaRese Law, our lawyers offer a range of bankruptcy alternatives.

To discover how we can help you get relief from your debt without bankruptcy, call (203) 774-3332 today.

Negotiating with Your Creditors

For some people, Bankruptcy is not the right answer. In those cases, we can work individually with each of your creditors to highlight your financial hardship to explore alternatives. Assistance is available if you are still current with your debt, have defaulted already, or have been sued with a potential judgment, wage garnishment and/or bank account execution. Its very important to seek advice from us early on, especially if you are in default already – not only to prevent any future adverse collection activity, but also to protect your rights under any abusive collection practice remedies.

Beware Debt Consolidation Companies

We strongly encourage you to stay away from companies offering debt consolidation programs. Most are unscrupulous, and take astronomical fees while providing no actual representation. We have seen countless clients shell out thousands of dollars and end up with the following when they though they were protected:

  • Lawsuits
  • Judgments
  • Bank account executions
  • Wage garnishments

How can a National company be intimately familiar with specific Connecticut laws and keep current with the changing legal landscape? The answer is they can't. This is not the same as debt settlement or negotiating with your creditors, as mentioned above. We strongly encourage you to stay away from companies offering debt consolidation programs.

Debt consolidation can take many forms, including:

  • Debt consolidation loans – By obtaining a loan to pay off your current creditors, you can then have only one lender to pay each month. While it might sound appealing to have only one loan payment to worry about, often interest rates for these loans are higher which can actually make your financial situation worse.
  • Low-interest credit cards – This involves transferring your current credit card debt to a new card with a lower interest rate. The unfortunate part of these offers is that the duration of the terms only last for a limited period of time. After the low-rate period ends, the rates might skyrocket, and you could end up paying more than you would have originally.

Let Us Help You Find the Right Option

We understand that getting out of debt can seem like an impossible quest. Do not lose heart; there are options available for you to obtain the fresh financial start you need. LaRese Law is here to help you find the solution that is right for your specific situation.

Contact us online or call (203) 774-3332 now to discuss your bankruptcy alternatives with our Southbury attorneys.

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  • Jennifer LaRese has helped my wife and I through a very difficult time.

    “Jennifer was there over phone and email though the entire process and when we had our day in court. I would highly recommend using Jennifer LaRese for any Financial or real estate issues.”

    - Ken
  • She is very professional and personable, and very easy to feel comfortable with.

    “She was clear and concise in her communication regarding what was at stake, what needed to be done and when it would occur. She was also easy to get a hold of and responded quickly to any questions/concerns I had.”

    - Dan
  • Bankruptcy Chapter 7 and Foreclosure Representation

    “Not only did she bring me the comfort of knowing that I was being represented by a skilled attorney, but she also went far beyond average representation and provided to me a plethora of consultations in a fee structure of a minimal amount.”

    - Rick
  • Jennifer was a great help.

    “Her contacts were businesslike but informal enough to make me feel at ease. Her advice was sound and the case was adjudicated successfully.”

    - John
  • Jennifer is fantastic.

    “She is understanding, professional and extremely knowledgable. She made me feel comfortable and at ease while enduring a very stressful situation in my life.”

    - Melissa P.