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Home > For Everyone > Debt and Bankruptcy > Workout Agreements |
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Workout Agreements
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Last Updated August 5, 2008 |
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A workout agreement is a non-bankruptcy option that a debtor may pursue to satisfy a debt. The debtor or his attorney contacts the creditor to arrange a payment plan that differs from the one originally entered into by the debtor and creditor. The plan may call for full payment of the debt over a longer time period, a reduced interest rate, a one-time payment that represents an amount less than the full amount owed, payments over time for an amount that is less than the full amount due, or a combination of these options. |
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Cynthia L. Gibson, Attorney-at-Law |
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Orange County & Los Angeles, California, Bankruptcy Lawyer |
879 West 190th Street, 4th Floor
Los Angeles, California 90248-4223 |
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Practice Areas: Business Debt & Bankruptcy, Debt and Bankruptcy
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Diamond, Burt & Akhkashian, LLP |
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Los Angeles Full Service Law Firm |
1055 Wilshire Boulevard Suite 1996
Los Angeles, California 90017 |
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Practice Areas: Criminal Law, Family Law, Real Estate, Debt and Bankruptcy, Personal Injury, Litigation, Commercial Real Estate, Divorce, Driving While Intoxicated, Child Support, Child Custody, Domestic Violence, Alimony, Immigration
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Gabriel & Associates |
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Long Beach Personal Injury Attorney |
801 Pacific Avenue
Long Beach, California 90813 |
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Practice Areas: Debt and Bankruptcy
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