People living with debt that they can’t handle have a few options to choose from. They can contact a debt or credit counsellor and try to work out a debt settlement plan. If this don’t work, bankruptcy is the ultimate option. Unfortunately there may come a time in your life where unforeseen events may force you into declaring bankruptcy as a way to get your financial life back in order and regain your footing. Finding a bankruptcy attorney that understands your situation and circumstances is crucial to help your case and help you understand the law and how it applies. In Mississippi there are a number of lawyers who specialize in this area and picking the right one takes some research.
Bankruptcy attorneys work to understand and represent you to the court. A good bankruptcy attorney will always look at your entire financial situation and suggest filing for bankruptcy only after all other options have been exhausted. You should be very cautious of any attorney who suggests filing bankruptcy without first looking at the facts and figures. Remember, this decision will affect your credit rating for seven to ten years. Combined with the cost and potential loss of property, it is something that takes an experienced lawyer who understands that each case is different and will offer counseling to the client instead of rushing to court.
An unexpected illness is the number one reason that most people go bankrupt. It doesn’t take much, especially if you lack insurance, to drain your bank account and send your finances into disarray. You should never look at having to file for protection from creditors as a reflection of you. There is no need to feel ashamed -- millions of people each year file bankruptcy because of an unexpected expense.
If you’d like to learn more: call us to speak directly with an attorney for a free, no obligation, consultation to see if you qualify for bankruptcy and if it is the right decision for you and your family or your business.
Wessler Law Firm is a small family owned law firm specializing in bankruptcy law since 1982.
Disclaimer: This article is meant for reference only, and is not intended to be legal advice.
For legal counsel regarding your situation, please consult an attorney licensed in your state.