How Bankruptcy Helps People in Financial Trouble
Minnesota Bankruptcy Lawyer in Forest Lake
If you are looking into how bankruptcy can help you, you probably have been facing financial trouble for a while now. Most people turn to the bankruptcy laws when they simply can not make their minimum payments on medical bills or credit card debt. Bankruptcy laws can mean different things for different people. To learn specifics about how bankruptcy would apply to your situation, call our office for a free consultation.
People with trouble managing their credit card debt
If you are struggling to just maintain the minimum payments on your credit cards, bankruptcy can help you eliminate the debt (if you qualify for Chapter 7) or it can help you re-organize the debt and give you a more manageable interest rate (in Chapter 13). Many people who struggle to make their minimum payments feel “trapped” by their situation, bankruptcy can provide the relief you need to get caught up and back on your feet.
People who have recently lost their job
What may have been a manageable situation with credit card debt can quickly spiral out of control if you lose your job or your income is reduced. A lot of the time people who suddenly lose their income rely heavily on credit cards to get by. Regardless of how your credit card situation started, we can help you work towards getting it resolved.
People who had medical procedures or treatments without health insurance
Many people do not realize that medical bills can be discharged through bankruptcy. Whether you became ill, were injured, or had another issue that left you with a large medical bill, bankruptcy can help. If you have outstanding medical debt that you know you are not going to be able to pay, talk to a bankruptcy lawyer about your options.
Get Started With a Free Consultation
Regardless of what lead you to having more debt than you could handle, our experienced bankruptcy attorney can help you understand your options for protection. We offer a free consultation to get started so that you can get your questions answered and learn about how Minnesota’s bankruptcy laws would apply to your specific situation.
