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Attorney, Michael Blickensderfer, practices bankruptcy law. As a consumer who is in financial hardship, it is important to know the alternatives to filing bankruptcy… and we can help!

Florida Bankruptcy Alternatives:

Receiving late notices and phone calls from creditors? DON’T IGNORE THEM!

Talk with your creditors and attempt to work out a payment plan.  Explain your situation and the reason for the hardship.  Often the creditor is willing to co-operate.

1. Possible options?  Debt consolidation loan  will allow you to pay off all your creditors and then you will just be left with the debt consolidation loan payment. 
2. Another option is a Florida credit counseling plan where your creditors may be willing to lower your interest rates and accept a reduced payment if you enter a “Debt Repayment Plan.”  Your money is generally deposited to a service.
3. A third option to Florida personal bankruptcy is a Florida credit counseling plan. Your creditors may be willing to lower your interest rates and accept reduced payments if you enter a debt repayment plan.

Generally, in these plans, you deposit money each month with the credit counseling service. Your deposits are used to pay your creditors according to a payment schedule developed by the counselor. As part of the repayment plan, you may have to agree not to apply for, or use, any additional credit while you’re participating in the program.

Contact Blick Law Firm today for more information regarding these programs, bankruptcy laws and changes in Florida. We are here to help you in your time of need, you are not alone! 813-931-0840.