Use Caution When Considering This Alternative to Bankruptcy
Many individuals and businesses in financial distress consider incurring new debt in order to consolidate their debts and move forward. This option may not be realistic, or wise. Trustworthy lenders may not be eager to offer loans to those who are in financial distress.
The key word is "trustworthy." While trustworthy lenders may be difficult to find in situations like these, empty promises are not. There are those that prey on individuals and businesses in financial need with false promises of being able to find money. These are rarely more than bait and switch schemes that only serve to leave an individual or business in even deeper debt.
However, when new financing is truly the best option, The Lobel Firm, L.L.P. is experienced in all aspects of borrowing while in a financially distressed situation.
Explore Your Options With the Help of an Experienced Attorney
Our attorneys have more than 40 years of experience helping clients overcome financial problems, often while avoiding bankruptcy. We are considered to be among the leading authorities on bankruptcy, not just in Los Angeles County, Orange County and Southern California, but throughout the United States. In part, this is because we provide honest and straightforward assessments of our clients' financial problems and all possible resolutions, including loans. While we will not discount this option immediately, we do take pride in making certain our clients are not taken advantage of.
To discuss loans for financially distressed business and individuals in California with one of our lawyers, call 949-791-9642 or contact us via e-mail.