Herrin Law

Free Consultation


Serving Dallas, Plano, Fort Worth and Surrounding Cities

If you’re considering options for bankruptcy, your two main alternatives are debt settlements and debt consolidation. In debt settlement, you or someone you hire negotiates with your creditors in the hopes of settling your debt for less than the full amount owed. Keep these considerations in mind:
  • Your creditors are under no obligation to negotiate or bargain with a debt relief company or agent.
  • Even with a deal, you can still be sued by creditors.
  • You may continue to accumulate interest and late fees while negotiations are taking place.
  • A bankruptcy attorney can protect your interests in the event of a lawsuit. Filing for bankruptcy provides federal bankruptcy court protection and many other advantages. At the law firm of Herrin Law, we want you to be well-informed regarding all your options and how each one applies to your particular circumstance. Our firm has been practicing bankruptcy law for several years and is proud to serve the Dallas and Fort Worth counties in Texas.

    Book Your Free Consultation

    The reason you hire an attorney is to help you get a positive result. Our entire purpose is to aggressively advocate for our clients to make sure they are put in a better position after hiring us. We achieve this by offering fair pricing and affordable payment plans, while still ensuring our clients receive the best representation possible.

    How Does Consolidation Work?

    To consolidate debt such as credit card debt, medical bills and sometimes even car loans can be consolidated into one payment by debt consolidation companies. However, the keyword here is “can.” If you go to a debt consolidation company, they will make an agreement with you to negotiate with your creditors to get you one monthly payment with a fixed interest rate. If successful, this is a good concept.
    Bankruptcy Versus Debt Consolidation

    Bankruptcy Versus Debt Consolidation

    If you are trying to decide between bankruptcy and debt consolidation, we can help answer your questions about both. Contact us at Herrin Law today. We would be glad to answer any questions you may have about debt resolution, debt consolidation, or credit card debt.