Loan Workouts

Did you know we can help you with debt, even if you choose not to file for bankruptcy? Bankruptcy isn’t the right answer for everyone. In some cases we can help you adjust the terms of your loans and debts with your creditors. This may even be true if you owe the Internal Revenue Service (IRS) or Oregon Department of Revenue (ODR). If your creditors are garnishing your wages or making harassing phone calls we can help. If you’re behind on payments, your creditors may be willing to negotiate. Bankruptcy usually will slow down their ability to collect on the debt, and may eliminate their payment completely. So instead, sometimes they’re willing to collect less money if we work with them directly. We have experience and can help get you a fair agreement.

Loan Workouts - Rank & Karnes Law, P.C.

Loan Workouts

We have years experience working with creditors, and we know how to negotiate with them. When we negotiate on your behalf we seek to adjust the terms of your loan so that you can actually make the payments. If you can’t make payments creditors know they won’t get paid. So they’re often willing to take less money, lower the interest rate or extend the terms of the loan if it means getting paid. When we can negotiate the the company directly we can often avoid bankruptcy.

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We know that facing financial difficulties is hard, and you don’t have to do it alone. Schedule a consultation with us and we’ll help you create a brighter future.

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