Today, more and more people are dealing with mountains of debt they cannot seem to get out of. With the economy still being a little slow and people losing their jobs or dealing with medical bills, it can be extremely stressful. If you are dealing with debt and have tried to get it under control, only to feel more out of control than ever, there is help available. Through the Law Services in Wichita, you can find help with your debt through filing for bankruptcy. Bankruptcy offers different options, depending on your debt owed, assets and your monthly income. Through a lawyer, you can learn about these options and get the help you need.
When you first meet with a bankruptcy attorney, you need to be prepared with as much information as possible. You should plan on bringing in information on all of the debts you owe, your monthly income and your assets. It is imperative to include information on every debt, no matter how small it may be. Failure to report a debt will mean it is not covered under the terms of your bankruptcy and you will be responsible for paying for it and can be pursued through any means allowed under the law.
The attorney will keep several factors in mind when making the decision on which bankruptcy you should file. Some bankruptcies require you to liquidate all of your assets so your debt can be paid off. Others allow you to keep your assets and make a monthly payment to the court, which is then dispersed to your creditors. The Law Services in Wichita will assist you in making the decision on which one will best benefit your particular situation. If you are to pay a monthly payment, the attorney will need to look at your income and see what you can reasonably afford.
Your bankruptcy will be heard before a judge and your creditors will be allowed an opportunity to respond. It will be up to the judge to approve or deny your bankruptcy as well as your monthly payment amount. If you are in need of help with filing for bankruptcy, contact the Business NAme and make an appointment for a consultation today. They will be glad to assist you through every step of the process. Visit us at website domain.
