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Janet K. Hong and Derek Hong are the founding partners of Hong Law, PLC

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Home  >  FAQs  >  What is debt negotiation?

What is debt negotiation?

Debt negotiation is a common alternative to filing for bankruptcy. Some creditors allow debtors to avoid the bankruptcy process through debt negotiations. These negotiations can help people avoid any credit penalty that could accompany filing for bankruptcy. If you are debating between debt negotiations and filing for bankruptcy, discuss your options with an attorney before making any final decisions.

Iowa City and Coralville Office Location: 845 Quarry Rd #130
Coralville, IA 52241
Phone: (319) 354-1804
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