There’s a universal need for debt relief. People from all types of backgrounds and income levels might face unforeseen debt due to an unexpected health issue, loss of employment, or other unfortunate circumstance. A good attorney won’t judge you, no matter who you are or where you come from. Moreover, a good attorney will explain to you how each unique aspect of your case will affect your bankruptcy process and what can be done to ensure that you reach your fresh start!
How Circumstance Affects Bankruptcy
What leads someone to file bankruptcy? Some of the most common circumstances include:
If you find yourself in one of these situations, you are not alone. Between March 2014 and March 2015, over 900,000 US citizens filed bankruptcy. If you feel pressured by debt collectors or anticipate a financial spiral, it doesn’t hurt to consult with a bankruptcy attorney.
How Income Affects Bankruptcy
Debt relief can be needed by people from all walks of life, even those with middle and high income levels. During the bankruptcy process, your income will be measured against your expenses and debts to show your financial strain. Your attorney will sit down with you and help you fill out your bankruptcy paperwork to demonstrate that you need debt relief. No matter what kind of salary you make, bankruptcy is an option!
How Assets Affect Bankruptcy
First and foremost, the assets you own will not prevent you from filing bankruptcy.
In almost every case, you can protect everything you own through a series of bankruptcy exemptions. You can even avoid foreclosure and the seizure of your vehicle through bankruptcy. Ask your attorney how!
How to Successfully File Bankruptcy
A qualified attorney can help each unique client through the process of filing bankruptcy, no matter what kind of income or assets they own. There are measures put in place by law to enable everyone to obtain some form of debt relief if and when the need arises. So instead of counting yourself out of luck to file bankruptcy, contact an experienced bankruptcy attorney for more information.
If you’re ready to learn more about how to find personal debt relief and have a fresh start, contact Ron Lundquist today at 651-454-0007!