Debt Negotiation vs. Bankruptcy

Our team of experienced bankruptcy attorneys in Pittsburgh are here to help you get a fresh start from debt. We specialize in debt relief and bankruptcy in Allegheny County. Our services are designed to help you get out of debt while protecting your assets, including your home, cars, and tax refunds. Trust us to guide you through the process and provide you with the professional advice and support you need

Debt Negotiation vs. Bankruptcy

Costs and Fees – Bankruptcy fees are significantly lower than fees charged by debt negotiation companies. Debt negotiation companies have numerous fees such as account management fees, debt settlement fees, retainer fees, and fees to defend you from lawsuits. Our team provides an upfront estimate of all costs and fees and offers flexible monthly payment plans to ensure a quick and stress-free fresh start.

Credit Score – Debt settlement involves being delinquent in debt payments, which hurts your credit score. On the other hand, bankruptcy doesn’t require delinquency and allows you to start rebuilding your credit after the case is closed. It’s important to consider the long-term effects on your credit when deciding between debt settlement and bankruptcy.

Rebuilding Credit – Debt settlement plans can last between 36-60 months and require consistent payments during that time. Unfortunately, your credit score takes a hit during this period due to ongoing delinquencies. On the other hand, opting for Chapter 7 bankruptcy can allow you to start over with a blank slate in just six months. Unlike debt negotiation plans, you won’t be burdened with monthly payments. Bankruptcy allows you to start fresh immediately.

Income Tax and Lawsuits – When settling debts through negotiation, it’s important to remember that any forgiven debt may be taxable. In some cases, a creditor may refuse to accept a settlement and instead pursue legal action. However, if you file for bankruptcy, forgiven debt is not subject to taxation and creditors are legally prohibited from further collection efforts. This means no more calls, letters, or lawsuits. Stay informed and consider your options carefully when dealing with debt.

Looking for a fresh start? Our team of experts can help you eliminate your debts while keeping your assets and property intact. We work in collaboration with you to achieve the debt relief that you want. Trust us to be a part of your team and guide you through the process.

Filing for bankruptcy stops:

  • Harassment by creditors
  • Foreclosure
  • Debt collection and lawsuits
  • Repossession
  • Utility shutoffs
  • IRS wage garnishment and levies
  • Garnishments

Filing for bankruptcy gets rid of:

  • Medical bills
  • Credit card bills
  • Personal loans
  • Past-due utility bills
  • Repossession balances
  • Some taxes
  • Business debt
  • Personal guarantees
  • Judgments

It’s commonly misunderstood that filing for bankruptcy will automatically lead to forfeiting personal assets like homeownership, vehicles, and businesses. However, this isn’t the case for most of our clients. We carefully review individual and business debt and work with our clients to make informed decisions.

Our Pittsburgh law firm offers personalized solutions with a team of experienced attorneys, accountants, and staff. For over 35 years, we’ve provided debt relief services to Western Pennsylvania and Allegheny County.

Trust Our Team To Guide You Through Bankruptcy

If you’re in need of debt relief due to financial difficulties, reach out to us to learn more about bankruptcy and other options. Our experienced lawyers offer personalized consultations for free over the phone or at one of our convenient office locations in Pittsburgh, Greensburg, Latrobe, and Johnstown, Pennsylvania.

With flexible appointment times available during morning, afternoon, and evening hours, we can help you navigate your debt relief options and get you the relief you need. Protect your financial future by taking action today.


The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Privacy Policy

This privacy policy discloses the privacy practices for www.bononiandbononi.com. This privacy policy applies solely to information collected by this web site. It will notify you of the following:

  1. What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared.
  2. What choices are available to you regarding the use of your data.
  3. The security procedures in place to protect the misuse of your information.
  4. How you can correct any inaccuracies in the information.

Information Collection, Use, and Sharing 
We are the sole owners of the information collected on this site. We only have access to/collect information that you voluntarily give us via email or other direct contact from you. We will not sell or rent this information to anyone.

We will use your information to respond to you, regarding the reason you contacted us. We will not share your information with any third party outside of our organization, other than as necessary.

Unless you ask us not to, we may contact you via email in the future to tell you about specials, new products or services, or changes to this privacy policy.

Your Access to and Control Over Information 
You may opt out of any future contacts from us at any time. You can do the following at any time by contacting us via the email address or phone number given on our website:

  • See what data we have about you, if any.
  • Change/correct any data we have about you.
  • Have us delete any data we have about you.
  • Express any concern you have about our use of your data.

We take precautions to protect your information. When you submit sensitive information via the website, your information is protected both online and offline.

We also protect your information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which we store personally identifiable information are kept in a secure environment.


Our Privacy Policy may change from time to time and all updates will be posted on this page.

If you feel that we are not abiding by this privacy policy, you should contact us immediately via telephone at 412-832-2499