Financial troubles seem to be affecting a lot of people today. With housing costs as well as the price of necessities like food rising, it can be hard to make ends meet. Those who don’t have a well-funded emergency savings account may find themselves in trouble if they are faced with an emergency or job loss. After a few months of not being able to pay all of your bills, your credit score will start to drop and you won’t be able to get financing for a new credit card, a loan to replace your broken down car or a new mortgage to reduce your monthly payment.
Fortunately, the United States government understands that this kind of financial trouble happens and provides a means to resolve debt issues and help people get back on sound financial footing. While bankruptcy is typically not the first choice of the average American, it is an option. If you find yourself unable to pay your bills and the harassment from creditors is driving you insane, talk to a Bankruptcy attorney in Wichita to learn about your options. You may be able to reduce or eliminate your debts so you are able to adequately care for your family without the stress of overwhelming bills.
A Bankruptcy attorney in Wichita is the best person to talk to about resolving your credit issues. In some cases, debts may be able to be settled without filing for bankruptcy. Many creditors prefer this option because they know if their customer files for Chapter 7 bankruptcy protection, they aren’t likely to get any money. It is essential to talk to a lawyer before agreeing to any settlements though, because there may be tax implications to handling debt this way. You can expect your attorney to explain the advantages and disadvantages of all of the options available to you so you can make the most appropriate decision for your individual circumstances.
If your debt situation is getting out of your control, contact an experience legal practice such as The Law Offices of Todd Allison and Sarah Newell to learn how you can resolve your debt and move forward in your life. Bankruptcy is a good option for a lot of people but it does have some drawbacks so be sure to work with a skilled attorney and give this option careful consideration. You can also visit them at Google+ for more information.