What Are the Alternatives to Bankruptcy in California?

Alternatives to bankruptcy in California include debt consolidation loans, debt management plans, credit counseling, negotiating directly with creditors, and exploring legal options like loan modifications or settlements.

When you are struggling under the weight of crushing debt, it is smart to consider every possible option to get control over your finances. You have already tried to stay current by making minimum payments, but you were unable to make a dent in the balance after paying interest and fees. There may come a point that you need to look at legal remedies, and bankruptcy is a solution. However, many debtors in your position will also want to know about the alternatives to bankruptcy in California.

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