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Tips For Getting Started With a Bankruptcy Lawyer in Lawrence, KS

Tips For Getting Started With a Bankruptcy Lawyer in Lawrence, KS

No one wants to admit they have lost control of their finances, but it can happen to anyone. When the debts become too big to manage, it is imperative a person takes control and learns about their options. One of these options involves seeking help from a Bankruptcy Lawyer in Lawrence KS. Working with a lawyer protects a person’s rights as a debtor and gives them the legal options that are available for overcoming their debt.

Reasons People Get Into Debt

There are many reasons a person might get in over their heads with debt. Although it is not always possible to avoid debt, there are some of these scenarios that can be avoided with careful thought and perseverance.

  • Overspending
  • Relying heavily on credit cards
  • Lack of financial knowledge
  • Lack of proper budgeting
  • Medical costs
  • Unemployment
  • Lack of insurance
  • Identity theft
  • High-interest costs

How Can a Lawyer Help?

When a debtor has done all they can to get out of debt to no avail, there are legal options that are available. A Bankruptcy Lawyer in Lawrence KS can help a client determine if they qualify for bankruptcy, which is a legal process that either absolves debts completely or allows a person time to make payments so they can eliminate their debt over a period of time.

There are a couple of different options for filing for bankruptcy.

  • Chapter 7 is a type of bankruptcy that allows an individual to have their debts absolved or their property liquidated to pay off the debts. Individuals typically have their debts settled in as few as six months.
  • Chapter 13 requires individuals to have a reliable monthly income and to set up a court-approved payment plan so their debts can be repaid in the given time period, which ranges from three to five years.

When meeting with a lawyer, an individual needs to make sure they provide as much information about their financial records as possible. The lawyer will carefully review this information and help the client determine the best legal recourse.

To schedule an appointment for bankruptcy help, call the office of Joseph I. Wittman Attorney at Law. He and his legal team help individuals legally overcome their debt.

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