Should I Try Debt Relief Alternatives Before Filing For Bankruptcy?

Business bankruptcies have been on the rise during the pandemic – even in places like Miami-Dade County in Florida where there were little to no restrictions on economic activity. If your business is struggling to stay in the black you are far from alone. If you are considering filing for bankruptcy or pursuing a loan restructuring to get your business finances in order, you likely have many questions about the process and what it means for your future. Our experienced bankruptcy attorneys have the answers you need during a critical time for your business. Debt Consolidation vs Bankruptcy The idea of consolidating your debt probably sounds appealing on the surface, especially if you are concerned about any stigma associated with the word “bankruptcy”. Unfortunately, many debt consolidation agencies are frauds and debt consolidation lacks many of the benefits that come with bankruptcy or loan restructuring. For example, your credit...