Alternatives to Bankruptcy

Is Personal Bankruptcy Your Only Option? No, But...

Many people are uncomfortable with the idea of filing personal bankruptcy, even when there appears to be the best choice to help them get out of debt. However, alternatives to filing bankruptcy do exist. There are some reputable debt consolidation, debt negotiation and mortgage renegotiation or refinancing services available to clients in Minnesota.

The goal of these services is to allow consumers to consolidate debt, lower interest rates and, in some cases, to reduce the principal debt by either obtaining a new loan or direct negotiation with existing creditors.

Be careful, however, when seeking a debt settlement agreement or loan workout alternative to bankruptcy for debt relief. Debt consolidation and repayment plans have a high rate of failure. There are also many, many disreputable operations — especially on the Internet — that advertise debt relief services but, in reality, are only interested in taking your money.

Free initial discussion • Reasonable Fees • Stop Collections Calls Immediately

If you are seeking real relief from overwhelming debt, your best option is to discuss your situation with a reputable, board-licensed attorney. At Burns & Hansen, P.A., our lawyers help individuals and families in the Twin Cities and surrounding communities obtain relief from out-of-control debt. Contact us today for a free initial discussion about the benefits of Chapter 7 and Chapter 13 bankruptcy and what the bankruptcy process is like.

A Personal Promise, Directly From Our Founder, Attorney Patrick Burns

Many of our clients who are interested in finding an alternative to filing for personal bankruptcy are concerned about the consequences. There are a lot of myths about bankruptcy and everyone's life after bankruptcy will be little different. But we can tell you that not one of our clients has regretted receiving the protection and relief that only bankruptcy can provide.

Bankruptcy is the law: If you are struggling with overwhelming debt, it is your right to seek the powerful protections offered by the U.S. Bankruptcy Code. If it is okay for a major corporation like GM to file for bankruptcy, it is okay for you as well.

Our promise is simple and direct: Bankruptcy offers a better result than the alternatives like debt consolidation and mortgage refinancing. Banks and credit card companies are very aggressive right now and the system is overstressed. If you are facing foreclosure, wage garnishment or a levy on your bank account — even if you just need breathing room to put your financial house in order — bankruptcy can offer you the powerful protection you are looking for.

If you need relief from crushing debt, contact our offices in Minneapolis to talk with one of our experienced attorneys today. We will help you evaluate all your options. We will get to work quickly to seek the real protection and real peace of mind you deserve. We look forward to hearing from you.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.