Few things in life can undermine happiness like a mountain of debt. The thing to remember is that it is possible to create a lot of debt in a short amount of time. When the debt becomes so difficult to manage that there is a chance of defaulting on one or more obligations, the time has come to seek advice from one of the bankruptcy attorneys in Casa Grande, AZ.
An Objective Look at the Situation
One of the most important benefits of consulting with one of the Attorneys in Casa Grande, AZ is that it helps bring a fresh perspective to the problem. People who are deeply in debt often find it impossible to step back from the situation and take an objective look. That is because they are so invested in the impact that the debt is having on their lives. As a result, they may not be able to see what different strategies could do to improve the state of their finances.
By contrast, a attorney can properly assess the severity of the debt and help the client see if some form of bankruptcy is the way to go. In many situations, the client will qualify for one or both types of personal bankruptcy. Should the attorney think that the best interests of the client would not be served by seeking bankruptcy protection, a professional can often refer the client to a debt counselor who can help the client explore other solutions.
Explaining How Bankruptcy Works
Assuming that the client does meet the criteria set by current bankruptcy laws, there is the matter of determining which type of protection will be the best approach. With this in mind, the attorney will go over the specifics for Chapter 7 and Chapter 13 bankruptcy filings. Along with explaining how each approach works, the legal counsel will point out the pros and cons of each approach. This makes it possible for the client to make an informed decision about what sort of action to take.
For anyone who is dealing with a lot of debt and is not sure how much longer they can hold on, making an appointment with Asheton B. Call is a wise move. After going over the specifics of the finances, it will be much easier to know what options are available and which one will produce the best possible results.
