In many cases, an individual or family begins struggling financially after a series of other unfortunate events or circumstances. For example, a person may suffer an unexpected illness or disability and lose his or her ability to work. Lay-offs and job loss are also common predecessors to financial hardship. After the initial stress of dealing with a sudden illness or loss of employment, the strain that comes with efforts to juggle finances and maintain financial stability is often quite significant. It is during these times when people are in desperate need of debt relief options but often do not know where to begin.
We understand how difficult it can be to navigate through the challenges of financial hardship. We know that sometimes people are focused only on the most immediate goals, such as an attempt to stop repossession or prevent foreclosure. In other situations, people are more interested on a long-term solution that can help eliminate debt and give them a fresh financial start.
Having the assistance and guidance of an attorney experienced in this area of the law can be invaluable during these stressful times. We are familiar with the many different debt relief options that may be available and we can explain all the possibilities to you in detail. We take the time to analyze your specific situation and answer your questions in an effort to provide you with the best advice possible. Even though there are many different possible options for debt relief, some of them may not beneficial for you or especially applicable to your case. We will work with you to determine what you are comfortable with and what will provide the most relief.
Chapter 13 bankruptcy and Chapter 7 bankruptcy are both options for people in need of significant debt relief in order to get back on their feet. Although they are similar in many respects, there are also many differences. We will take the time to discuss the key elements of both types of bankruptcy, as well as the pros and the cons of each, in order to help you make a decision about whether bankruptcy is right for you, and, if so, which kind will best serve you. For more information on our services, please visit our Bankruptcy Law FAQ’s page.