Bankruptcy is a legal process that is used to help consumers (or businesses) repay their debts. There are two common types of bankruptcy: Chapter 7 bankruptcy, which is the process of liquidating assets to pay off debt, and Chapter 13 bankruptcy, which reorganizes the debt into a regular payment plan to make it easier to pay off over time. Once a bankruptcy is filed, your lenders and creditors cannot collect from you until a plan is confirmed or the debtor is discharged from their obligations. Bankruptcy can have many negative consequences. If your assets are liquidated, you could lose your home, your car or your possessions. Bankruptcy negatively impacts your credit, which will limit your ability to borrow money in the future.


Every day, thousands of people encounter financial situations caused by such things as a loss of a business or employment, mounting medical bills, or a home foreclosure – they face the possibility of declaring bankruptcy. It can be stressful, frustrating and scary. But what these distressed people do not realize is that there are alternatives to filing bankruptcy.


Luckily, depending on your individual situation, there are several alternatives to declaring bankruptcy.

Negotiation: The first step to avoiding bankruptcy is to negotiate with your lenders and creditors. Most people are not comfortable with negotiating with their creditors, so they consult with an attorney negotiate for them. This is especially important if you have a steady income or assets. Creditors are less likely to work with a debtor if there are assets that you could liquidate. With an attorney, creditors are more likely to give you time to pay off your debts and may be willing to settle for a smaller amount than what you owe.

Debt consolidation: You may be able to consolidate your debts and create a steady debt repayment plan as an alternative to bankruptcy. This option is best for those who do have a steady income and would still qualify for a debt consolidation loan. Although this can be expensive over the course of time, it will ward off the prospect of losing assets.

Better budgeting: You may be able to avoid bankruptcy through a complete reorganization of your budget and some serious lifestyle changes. If you can re-budget to focus completely on paying off your debts, you may be able to avoid bankruptcy.

Voluntarily liquidating assets: If you have anything of value that you would be willing to part with, such as a car, second home or stock portfolio, consider selling it to pay off your debts. Although it may be difficult to lose your possessions, you can start saving to repurchase once you’ve gotten yourself out of debt, and you will avoid bankruptcy.

Although too much debt and aggressive creditors can be intimidating, you do have options to improve your financial outlook without ever having to file for bankruptcy. Call David Soble today to discuss your options.

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The American Bar Association lists over 81 legal specialties. So how do you determine which attorney you should work with? When making a decision seek an attorney who is skilled and experienced in the appropriate area of law. Also ask yourself if they seem professional and dedicated. Can you see yourself working with this attorney on future business or personal matters?

Finally, research the prospective attorney. Check their articles, testimonials, white papers, and peer d reviews. Review what other people have to say about working with the attorney. Check online reviews and directories: it will shed light on their legal and business style.

In Metro Detroit, and throughout Michigan, clients entrust David Soble and his Proven Resource team with their biggest investments – reducing legal risks and financial exposure.


  • "Sharp, straight-forward strategist who represented my uncle and I in the highest form of professionalism and authenticity. His kindness, attention to detail, and persistence in all aspects, embody his genuine character and passion for success."

    Brandon B.
  • "David is very informative and consistently answered my inquiries professionally and in a timely manner. I am very pleased to have had David on my side and highly recommend him."

    Hussein S.
  • "David Soble always responded in a timely manner and followed thru even when things got difficult and got it done."

    Connie T.
  • "David is really prudent, friendly and dedicated to the well being of his clients."

    Augustine A.
  • "David took the time to listen to the issue and had a comprehensive view to what options were the best for my situation."

    John L.
  • "David did an outstanding job of resolving my case very quickly and without having to go to court. From the initial phone call, he was very friendly, professional and has a great sense of humor. He handled my case with a sense of urgency, kept me updated along the way and responded very quickly whenever I e-mailed him with a question or update. After our initial consultation, I felt very confident that my case would be resolved quickly. Thanks again for your help David!"

    Rob K.
  • "David helped me me get the house i wanted. I would like to thank you for that."

    Darrell M.
  • "Our HOA retained David’s services to help unwind a complicated deed transfer. It involved coordination between the most recent lot owner, a bankrupt developer, a credit union, a title company and our HOA. It still makes my head spin thinking about the process, but David removed a lot of stress after an initial consultation and stayed diligent through it all. Even though it wasn’t cheap, he saved us a lot of money by avoiding litigation. Thanks David!"

    Ken M.
  • "David has good understanding of the and was very helpful with the services we needed. He kept us advised of what was going in the process and look forward to working with him in the future."

    Carlos C.
  • "I would like to take this opportunity to thank Mr.David Soble and his staff for the excellent professionalism and service that was provided to me and my wife. We have been dealing with legal matters pertaining a franchise. After meeting Mr.Soble and his team for the very first time and discussing my legal issues he assured me everything will be ok and he delivered on that promise for me and my family. I recommend Mr.Soble and his team for Amy legal matters. THANK YOU! THANK YOU!"

    Sam A.
  • "Helped my family successfully navigate a home foreclosure on short notice, thanks!"

    Keith T.
  • "David is very professional and helpful--he made himself very available to me and quickly helped me sift through complex legal language in a contract to get to what really matters. Thanks David!"

    Grant D.
  • "I appreciate how fast David was in responding to questions that I had and situations as they arose. Also, he has a great knowledge of the field that he is in and can help you to make hard decisions that you would not be able to or willing to do on your own. Thank you again!"

    Mark C.
  • "David is an extremely competent, experienced and effective attorney. What’s more, he brings to the table a network of supporting attorneys who depending on your specific situation will form a formidable team to represent you. In our case the results were more than we expected. Not only did we benefit from the team’s legal and negotiating expertise but we received moral support through a very difficult time in our lives. We highly recommend Proven Resource."

    Andrew K.
  • "David is a good acquaintance for many years. More power and success to him and his business."

    Omar A.
  • "David was there when I didn’t know where to go. He made a very low time in my life much better. I felt very supported by him and his company. I will recommend him to everyone. Thank You David Soble. I feel we are friends for life. Thanks again, Sandy Cross"

    Sandy C.
  • "David has handled a number of legal matters for me he is knowledgeable of the laws, He can be tough when necessary but he is reasonable and understands both sides of the story (this is important to a successful resolution) .He makes himself available with concerns,He also has an excellent reputation with other attorneys , Judges, and court personnel. Something I thought would never come out of my mouth he is an honest Attorney and a genuinely nice guy. He gets my highest recommendation."

    Adam G.
  • "David has been very helpful before, during, and after my matter was resolved. He has always been responsive to my requests and handled the matter on a very tight timeline."

  • "It seemed like my problem was menial compared to the other cases and it felt like I was brushed aside and not given the same attention. I provided a lot of the paper work and information and the one piece of paper I needed I had to push to get."

    Janice H.
  • "As a first-time home buyer, Mr. Soble helped to ease my experience. My situation was a complicated one, and even after I closed there were still some unresolved issues from the closing and mortgage company that Mr. Soble helped with. I appreciate him and will recommend him to anyone."

    Melissa B.

Why Choose David Soble?

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