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Avoiding Bankruptcy through Workouts


Often, The Law Offices of Peter M. Lively can help its clients avoid bankruptcy through negotiated settlements with creditors, also called workouts.

In these situations, our attorneys will analyze the situation, develop a workout plan for settling debts, and negotiate on the client?s behalf with the client?s creditors. Over the years, we have worked on thousands of workout cases, and have learned how to maximize the potential benefit to our clients.

We have convinced creditors to renegotiate leases, settle for less than the full amount of the debt, and extend payment periods.

In a workout, the business owner retains control over all or most of the business assets, and continues to operate the business. The workout agreement occurs out of court, saving the client legal costs, filing fees, and time in court.

If we determine that a debt workout arrangement would benefit a client, we then:

  • analyze the situation
  • devise the best strategy
  • arrange a retainer/fee agreement with the client
  • debt settlement negotiation/workouts with creditors
  • coordinate settlement actions and paperwork

 


Peter M. Lively has helped thousands of clients start fresh. Call us today at (310) 899-0630 or contact us online to set up an initial consultation.

 

We can help you start a new financial life.

 

The Law Offices of Peter M. Lively provide assistance in bankruptcies to businesses and individuals in the Los Angeles area, including Santa Monica, Santa Barbara, Santa Ana, Pacific Palisades, Marina del Rey, San Fernando, Burbank, Glendale, and Inglewood.

 

The Personal Bankruptcy Center

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

 

The Law Offices of Peter M. Lively
11268 Washington Boulevard
Suite 203
Culver City, California 90230-4647

Telephone: 310-391-2400
Toll Free: 800-307-DEBT (3328)
Fax: 310-391-2462

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