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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Debt Consolidation Or File Bankruptcy?

Many people ask whether they should try debt consolidation or file bankruptcy. The answer to that question, as with most legal questions, is: it depends. In order to help determine which option would work better for you; let Roseville Bankruptcy Attorney, Seth L. Hanson, analyze some of the pros and cons of each option.

Debt consolidation refers to taking a loan (secured or unsecured) from a new creditor and using the loan proceeds to pay off other debt. In this manner, someone who uses debt consolidation “consolidates” his or her debt into one loan. If the terms of the new loan are better than the terms of the old loans, then debt consolidation will certainly be better than the prior situation. For example, if the interest rate is lower and/or the repayment term is longer, then the total monthly amount paid under consolidation could be much lower than the monthly payment with the several creditors. Debt consolidation may also preserve your access to credit and enable you to borrow from additional sources. However, this may also be a negative aspect of debt consolidation in the long run because most people who are struggling to make their payments should not view increasing their debt load as a solution to their financial troubles. If you need further explanation on a debt consolidation, Roseville Bankruptcy Attorney, Seth L. Hanson, will gladly guide you in the right direction.

Proponents of debt consolidation also point to the simplicity of the arrangement—having one payment instead of many. On the negative side of things, debt consolidation may actually end up costing more money, particularly if the payback period is longer than the payment term of the pre-consolidation debts. In other words, if it takes you longer to repay the debt, then you could very well end up paying more interest on it. Debt consolidation may also not be a long-term solution to the problem. Many people contact Roseville Bankruptcy Attorney, Seth Hanson, saying they wish they would have filed bankruptcy a long time ago instead of trying debt consolidation because they end up filing bankruptcy anyway and could have saved a lot of money that has gone to creditors and also could have been that much farther along in rebuilding their financial life.

At the Law Office of Seth L. Hanson, we encourage our clients to make an honest evaluation of whether they can handle paying off the debt, either through consolidation or otherwise, in a reasonable amount of time. If they can pay off the debt, then bankruptcy is not the right option for them. If they won’t be able to pay off the debt, then it makes greater financial sense to file the bankruptcy and start over. Of course, bankruptcy also has negative consequences—mainly that of ruining credit for a period of time and the associated embarrassment. However, for many people struggling financially, filing bankruptcy is often the least painful of several painful options. Much of the time, bankruptcy will give you your fresh start and help you regain your financial footing far faster than the other options available. If you have any questions about debt consolidation, bankruptcy or other financial management tools, please contact Roseville Bankruptcy Attorney, Seth L. Hanson, today at (877) 896-9808.

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