Debt restructuring is one of the debt relief alternative options usually used by companies or people to pay off the loans/credit cards. Debt restructuring avoids the risk of defaulting but possibly may increase the interest rate and pay off period. When a person has got past dues on his credit card, it is always advisable to settle the card in one go but if he is not in a position to afford one-time payment, he must choose debt restructuring as a viable option. As a result, he can pay a fixed installment amount for a certain period and can completely dispose of credit card hindrances and this process of debt restructuring can be considered as blessing in disguise. If the restructuring could do it with lesser interest rate and prolonged tenure, undoubtedly this will be more gainful than debt consolidation and debt settlement. We can help to get your debt restructured if your income is adequate to cover the monthly payments.

Debt settlement is an offer extended by the creditor to the debtor, if the debtor is ready to make the payment at one go or do the payments in partial. It’s always a process of negotiation from the debtor side to creditors, to reduce the amount what the debtor owes to creditor. Obviously, the creditor who is desperate to get the payments agrees to forgive a large part of debt which may vary case by case. Our debt management experts negotiate with the creditors on behalf of our clients and possibly could reach into an agreement with the creditor with a very economical one. Debt settlement at one go will be far more economical compared with Debt Consolidation and Debt Restructuring.

Bankruptcy offers a businessman an opportunity to start afresh by writing off his debts that he is unable to pay while offering the creditors an opportunity to gain certain payments on the basis of the debtor’s assets accessible for liquidation. In principle, the capability to file bankruptcy can benefit the overall economy by giving businesses a second chance to obtain a consumer credit and by offering creditors some partial payments. Following the successful bankruptcy proceedings, the bankrupt is released from all his debt obligations incurred before filing the bankruptcy. If the liabilities are high, bankruptcy is one of your best options compared to debt settlement, consolidation, and restructuring. We, Legal Solutions are considered experts in bankruptcy-related cases and boast a 100% success rate.

If you are seriously in such a drastic condition and not able to pay loan payments or credit card payments, the best means is to uphold it legally like ‘desperate situations call for desperate measures’. Our expert team can help you to get out from these debt traps forever but your credit history gets damaged up to 4 years. This is the ultimate option, you can exercise if none of the above options like Debt Settlement, Debt Consolidation, Debt Restructuring and Bankruptcy don’t work out for you.