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© 2011 Starks & Gonzales, P.C. is a debt relief agency that helps people file for bankruptcy pursuant to 11 U.S.C. sec. 528 under the Bankruptcy Code.  Unless otherwise indicated, attorneys listed in this web site are not certified by the Texas Board of Legal Specialization. 

Debt Consolidation & Settlement

Short of bankruptcy, a debtor may attempt to mediate with creditors or negotiate workout agreements to extend due dates, lower interest rates, partially forgive debt or alter other terms. A debtor may execute an assignment of property for the benefit of creditors (ABC), wherein the debtor puts assets in the trust of a neutral third party to pay creditors. A business debtor can sell the business, negotiating the satisfaction of debt as part of the deal. Other creative options to bankruptcy exist. Many debtors, however, find that their creditors are unwilling to agree to reasonable terms or are completely unwilling to negotiate.