Assignments/Remedies
Assignments to Creditors, Other Financial Remedies
There are many ways to deal with financial difficulties. While bankruptcy is well known as a solution, there are many other remedies to deal with hard times. At Loop Bankruptcy, a service of Lakelaw in Chicago, Illinois, our attorneys can review your circumstances and recommend actions you can take.
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As soon as you realize that your financial situation is getting out of hand, it is a good idea to discuss your options with an experienced bankruptcy lawyer. Often there are remedies that do not require filing for bankruptcy.
You can count on our experience and service. Call 866.525.3529.
The legal team at Lakelaw - Loop Bankruptcy is led by a nationally recognized bankruptcy attorney who lectures at seminars from coast to coast about bankruptcy and other financial remedies. Attorney David Leibowitz is board certified in consumer bankruptcy and business bankruptcy.
Ask about assignments for the benefit of creditors. Contact us.
A possible solution to your financial problems may be an assignment for the benefit of a creditor. That means you will transfer property to another person in trust. That person can sell property, collect money owed to you, pay creditors and return any surplus to you. We can explain what that means in terms of your circumstances and whether that is an appropriate choice for you.
Other remedies are available that do not involve filing for bankruptcy.
Because we have extensive experience with financial transactions and remedies, our lawyers can suggest a wide range of options. An out-of-court workout may be a better, less public option than bankruptcy. Your Lakelaw - Loop Bankruptcy attorney may be able to help you negotiate a restructuring of debt or a moratorium on interest. Another option is an orderly closing of a business.
It is important to take action right away. Call today.
The earlier you call, the greater options you will have in dealing with the hard times you are facing. At Lakelaw - Loop Bankruptcy, we can assure you that you will be treated with care, kindness, courtesy, respect, professionalism and dedication. Call today and begin the process of finding the financial solutions you need.
