Bankruptcy happens more frequently than most people imagine. Financial difficulties turn into a financial crisis and can eventually become a financial emergency with no end in sight. Bills pile up, debt continues to grow, creditors call continuously and you may feel like you are at the bottom of a financial hole with no ladder in sight. If your financial situation is dire, then personal bankruptcy may be your best option. Consumer Bankruptcy allows you a “fresh start” to rebuild your credit. Although the laws are more restrictive now than in previous years, they still provide a solution for people who have become overwhelmed by money problems.
It can be easy to become overwhelmed and paralyzed during a financial crisis. The worries may seem insurmountable. You may even avoid answering the telephone for fear of creditors telephone calls. Don’t let the fear and inability to act keep you from placing one of the most important phone calls you can make during this time – to an experienced Bankruptcy Attorney located near Nampa Idaho who can guide you through the Bankruptcy filing process and start you down the road toward rebuilding your credit and starting a new financial life. If you find yourself in any of the situations below, you might want to consider Legal Advice on Bankruptcy:
-Other Overdue Debts?
Bankruptcy Has Many Benefits. It doesn’t matter whether your financial crisis was caused by mounting medical bills, divorce, unemployment or overuse of credit cards. As soon as you file a bankruptcy petition, the harassing phone calls from creditors must stop immediately. You may be able to either discharge your debt completely (sometimes called “liquidation bankruptcy”) or work out a payment plan with the court that is more reasonable than the payment schedule currently demanded by your creditors (called a “wage earner bankruptcy plan” or “reorganization”). Our Bankruptcy clients feel an extraordinary weight lifted from their shoulders as soon as they file – they feel like they are finally taking action to regain control of their financial situation.
Larsen & Rice represents individuals in Consumer Bankruptcy throughout the Treasure Valley including by not limited to; Caldwell Idaho, Middleton Idaho, Star Idaho, Emmett Idaho, Marsing Idaho, Nampa Idaho, Meridian Idaho, Eagle Idaho, and Boise Idaho.