Offer in Compromise vs. Bankruptcy: Which Is Better?
When it comes to managing your debt, there are two main options available to you: Offer in Compromise and Bankruptcy. Both have their own advantages and disadvantages, so it can be difficult to decide which one is the best option for you.
Offer In Compromise (OIC) lets you negotiate a reduced amount with the IRS, or other creditors, that will settle your debt in full. This means that instead of paying the entire balance due on your taxes or loan payments, an OIC allows you to negotiate a lower total amount that both parties agree on. The advantage of an OIC is that it can significantly reduce the amount of money you owe and provide much needed relief from financial burdens.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at the 12738 Ramona Blvd Baldwin Park CA 91706