Debt is an important aspect of our economy. It is how most people can purchase a home and a car or start a business. Unfortunately, debt can make life extremely stressful when circumstances leave a person with more debt than they can manage. Bankruptcy allows people to reset their financial life and eliminate the stress of debt that they will not otherwise be able to erase.
Bankruptcy is often misconstrued as negative, when in fact, it is something more people should turn to sooner to resolve their debt problems. At David A. Himes & Associates, PLLC, we help individuals get a fresh financial start through Chapter 7 or Chapter 13 bankruptcy. In Chapter 7 bankruptcy, an individual or a couple can eliminate much of their unsecured debt, including credit card debt, medical bills and unsecured personal loans.
Bankruptcy is often misconstrued as negative, when in fact, it is something more people should turn to sooner to resolve their debt problems. At David A. Himes & Associates, PLLC, we help individuals get a fresh financial start through Chapter 7 or Chapter 13 bankruptcy. In Chapter 7 bankruptcy, an individual or a couple can eliminate much of their unsecured debt, including credit card debt, medical bills and unsecured personal loans.
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There are several variations of this quote, but all of them point to the same lesson: Take control of what you can when hard times hit, and better times are almost certain to be ahead. At David A. Himes & Associates, PLLC, that is what we believe for our clients who are wrestling with debt but aren't sure how to resolve the situation.
Ironically, there is an aspect of bankruptcy law that is shared with estate planning. The former typically involves people who have hit hard times financially and are running out of options to resolve their unmanageable debt. The latter frequently involves people who have considerable assets that they wish to preserve and pass on to future generations.
Due to the unbelievably high cost of surgery, medical treatments or other unplanned expenses that crop up in life, it's not unusual for people to be unable to manage a tremendous amount of debt that has amassed, even if they earn a regular salary. For these wage-earners, Chapter 13 bankruptcy may be the ideal solution.
If debts have piled up and you have been unable to make your last few mortgage payments, you may be at risk of losing your home in a foreclosure. As with all aspects of bankruptcy and debt reorganization, it is important to act promptly and not let the problem compound. The bankruptcy lawyer at David A. Himes & Associates, PLLC, may be able to stop foreclosure and help you stay in your home, but not if you act too late.
David A. Himes & Associates, PLLC, can review the facts of your case to determine if your lender has acted unlawfully. If you act promptly, we may be able to prevent repossession of your vehicle or help you reclaim your vehicle if your lender did not act in good faith. Attorney Himes has provided his clients with legal advice concerning repossessions for more than five years.
