Los Angeles Debt Consolidation Lawyer
Debt Consolidation vs. Bankruptcy
If you are struggling with debt and looking for a way out, it is wise to explore your options. You have probably seen or heard advertisements for debt consolidation services that promise to work with your creditors to consolidate your debt and significantly lower your monthly payments. We urge you to use caution before contacting one of these services. Like most promises that sound too good to be true, they often are.
At Resnik Hayes Moradi LLP, we will help you explore all of the debt relief options available to you. We are a bankruptcy firm, but we do not push our clients into bankruptcy if we do not think it is the best option for them. We are committed to helping our clients resolve their debt problems, achieving true debt relief, and avoiding potential debt consolidation scams.
Call us at (213) 344-0043 today for a 30-minute risk-free consultation with a Los Angeles bankruptcy lawyer. It could be your first step on the road to debt relief.
Is Debt Consolidation Right for You?
If you hire a debt consolidation service, the best-case scenario is that they will act in good faith and attempt to work with your creditors to consolidate your debt and negotiate lower payments. The question is: How are they going to get your creditors to go along with the plan?
In many cases, debt consolidation services have no leverage and no means of providing lenders with incentive to agree to a debt consolidation. If, after months of waiting, the company is not able to help you, you will be left with all of the debt plus months of interest and/or late fees. Plus, you probably paid good money to the debt consolidation service. More often than not, the fees are more excessive for less relief than a discharge in a bankruptcy.
The above scenario is based on the assumption the consolidation service is acting in good faith. Since these companies are largely unregulated, consumers are putting themselves at risk by handing money over to them. A bankruptcy law firm is backed by the power of the federal bankruptcy code. When you file for bankruptcy, you do not have to get your creditors to agree to the plan. It is enforced by the bankruptcy court.
Bankruptcy is not right for everyone, but those who it can help are usually at a disservice by hiring a debt consolidation service.
Contact Resnik Hayes Moradi LLP
Our offices are open weekdays from 7:00 a.m. to 7:00 p.m., and our attorneys serve clients in the Los Angeles area and San Fernando Valley through offices in Sherman Oaks and Los Angeles.
For a 30-minute risk-free consultation about filing for bankruptcy with Resnik Hayes Moradi LLP, contact our firm today.
Resnik Hayes Moradi LLP
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Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding.
“Thank you for your great work on behalf of Ms. Johnson. Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding.”
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“Was very impressed with the comprehensive professionalism of the firm, especially Matthew Resnik... I had suffered through the incompetence of two previous bk lawyers not to mention fees far greater ...”
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He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults.
“Fantastic office! I want to thank Matt for taking his time with me and sincere in his assistance. He spent over an hour with me for free during our initial consult. I left knowing exactly what's ...”
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He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own.
“I worked with David Kritzer at this firm, and he was great. He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own thanks to ...”
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I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home.
“I needed a bankruptcy attorney in Sherman Oaks and found Matt Resnik on Google. He has one of the best-reviewed bankruptcy law firms on Yelp so I decided to check it out his law firm for myself. I ...”
- Joseph R.
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Committed to making the process as stress-free as possible for our clients, our Los Angeles bankruptcy attorneys and dedicated staff will handle everything for you. From filling out paperwork through getting end results, we will work to help your case run smoothly and efficiently. We serve our clients in English, Spanish and Farsi.
