Work-Outs & Receiverships
At Notinger Law, we have over 25 years of experience in the realm of bankruptcy. For most people, the only option for financial assistance they are familiar with is bankruptcy. However, there are alternatives, such as work-outs. Work-outs are an alternative to bankruptcy and will usually provide a way in which to avoid filing for bankruptcy. Learning more about this option will provide you with additional choices when it comes to assistance for overwhelming debt.
What are Work-outs?
With a work-out, a negotiation will take place out of court to come to a resolution in regard to the debt owed to a creditor or creditors. This is done without the intervention of the Court. Our attorneys have experience with negotiating out of court settlement with creditors, especially when the threat of bankruptcy is looming over the parties involved. To be effective in this regard, an attorney must have knowledge of bankruptcy laws. At Notinger Law, we have such knowledge and can assist in planning an negotiating instead of filing for bankruptcy, if at all possible based on your case.
When it comes to work-outs, this option is primarily used for businesses. With the help of an experienced bankruptcy attorney at Notinger Law, the process is made simple. Our attorneys will explain your options and help you to decide whether or not you want to negotiate a work-out or based on your individual needs.
Having an experienced attorney by your side can help in several ways. First, you have someone who understands the process of work-outs and receiverships so that you can know what you are getting in to. You will also have an attorney helping you fill out paperwork and getting your affairs in order, without any confusion on your part. Anytime you have a question, the attorneys at Notinger Law will provide an explanation. Anytime you feel overwhelmed or need help understanding an aspect of the process, we can help.
When it comes to your financial needs, work-outs might be the answer. Let our attorneys look over your case and help you determine the right path to take.