Debt & Bill Consolidation

Debt Consolidation Lawyers in Los Angeles

Debt consolidation can be a powerful tool if done correctly. However, simply moving debt around from one lender to another rarely has any substantial effect. Moreover, debt consolidation can affect your position should you later decide to file for bankruptcy. As a comprehensive debt relief practice, Azadegan Law Group, APC can help you get the most out of debt consolidation. Our attorneys can help you identify your troublesome debts and refinance or consolidate those accounts to obtain more favorable lending terms.

How Does Real Debt Consolidation Help?

Effective debt consolidation requires knowledgeable guidance. An experienced debt consolidation lawyer can help you use this process toward several ends:

  • Converting high-interest unsecured debt — especially credit card debt — to lower interest secured debt can substantially decrease your payments and allow you to pay it off faster.
  • In a competitive market, when your current lender is unwilling to offer loan modification, reconsolidating with a new lender may yield more favorable terms.
  • If you are operating on a tight budget, even changing the monthly due dates for your bills by reconsolidating can help you avoid future default.

In these ways, debt consolidation can offer a viable alternative to bankruptcy for people and businesses with mild to moderate debt problems. Those with more serious debt problems, however, may still need to consider Chapter 7 or Chapter 13 bankruptcy.

Things To Consider Before Consolidating Debt

Debt consolidation can have some downsides. Converting unsecured debt to secured debt — such as through a home equity loan or second mortgage — potentially subjects your home to foreclosure should you default in the future. It may render such debt nondischargeable should you later find it necessary to file for Chapter 7 bankruptcy. Our lawyers at the Azadegan Law Group, APC can help you understand and evaluate these risks in order to plot the best debt relief plan for your individual or business circumstances.

Contact Our Experienced Debt Relief Attorneys Today

While many agencies claim to offer debt consolidation services, few approach it with the same thoroughness and strategic vision as our dedicated debt relief attorneys at the Azadegan Law Group, APC. Call our office today at (310) 340-1550 or contact us online to schedule a no-cost consultation and review of your financial situation by an experienced lawyer.

  • Michael H. Raichelson Photo
    Michael H. Raichelson

    Business Litigation & Bankruptcy Attorney

    Michael H. Raichelson has over 25 years of business, real estate and bankruptcy litigation experience, helping businesses and individuals throughout the United States and Internationally. In addition, while acting as General Counsel for a national litigation firm for several years, he supervised the legal department while personally participating in hundreds of litigated matters. Mr. Raichelson was born in Washington D.C. and was raised and educated in California. He grew up in the Los Angeles ...