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Alternatives to Bankruptcy

There are several alternatives to bankruptcy. This includes foreclosure defense, mortgage modification, debt negotiation, and debt consolidation. We are committed to providing you with the best solution possible. Two great alternatives to bankruptcy are mortgage modification and debt consolidation. Mortgage modification is when the original terms of a mortgage are changed. They are modified outside the original terms of the agreement. There are several types of modification. This includes reduction in principal, reduction in interest rate, and lengthening of the…

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Chapter 13 vs Chapter 7 Bankruptcy

At Steadman Law Firm, we are devoted to helping you with the best bankruptcy plan to fit your needs. There are multiple types of bankruptcy that can help individuals be relieved of their debts. Many people may not know the difference between Chapter 7 and Chapter 13 Bankruptcy. Chapter 13 vs Chapter 7 Bankruptcy Chapter 7 bankruptcy is geared towards people looking for a “fresh start” with their finances. While there are certain items that bankruptcy will not cover such…

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