I have credit card debt but I don’t want to declare bankruptcy. Are there other options?
Yes! While bankruptcy is a legitimate means of obtaining debt relief in certain situations, it is one that many people prefer to avoid if at all possible. If you have credit card debt and want to avoid bankruptcy, even if your circumstances are such that filing for bankruptcy is a viable option, you may be able to resolve the problem through alternative means, such as debt settlement. With debt settlement (also referred to as “debt negotiation” or “debt resolution”), your creditors agree to accept less than the full amount you owe them in a negotiated settlement of your debt. Debt settlement can be a good option if you have more than $40,000 in debt but also have assets that can be liquidated for the purposes of negotiating with your creditors.
At Trident Debt Solutions, we will work with you to explore all your alternatives and determine which option is best for you. If you choose to pursue debt settlement, our expert debt settlement attorneys will negotiate with your creditors to reduce your debt as much as possible—in many cases, by as much as 50%.