Debt Collection Defense
Bankruptcy has tremendous power to reverse a client's situation after unexpected loss of income or unforeseen expenses have thrown their household finances into chaos. Bankruptcy can alleviate a hopeless debt spiral, eliminate interest, stop creditor harassment, halt garnishment, end collections, and even terminate civil suits in progress, giving clients a fresh start on which to rebuild their finances while protecting some or all of their assets. When paired with a careful and consistent household budget following the bankruptcy, a client's credit rating can often be rebuilt faster than it would if the client continued to struggle with out-of-control monthly payments and rapidly growing interest, allowing them with the leverage they need to turn financial devastation into a secure future.
You should be know, however, that bankruptcy is not always the best answer. Bankruptcy is invasive and intensive, and requires a significant amount of work and attention from the client. It can have substantial up-front costs. Many clients prefer, when possible, to repay their debt obligations and even restore good relations with their creditors. If you have any leeway in your budget beyond your necessities, it may be possible to address your debts, first restoring them to manageable levels and them paying them off entirely over the course of a couple of years. Sometimes creditors will settle debts for much less than was originally owed. This route is usually not as easy or fast as a bankruptcy, but for many clients, it can be more rewarding. It’s definitely a route to consider before you commit to a bankruptcy.
If you are in a situation where your monthly obligations exceed your income, feel free to
. We will be happy to examine your situation with you and help you plan your next steps. If you decide to pursue a bankruptcy, we will be glad to assist you. We will help you: gather information, prepare your documents, file your petition and schedules, notify your creditors, and attend your hearings. We’ll guide you through the myriad choices that each client faces when preparing their bankruptcy to help you get the most out of the process. Bankruptcy isn’t for everyone, but for many, it is a great way to end their slavery to debt and a doorway to rediscovering their independence.
Bates County Courthouse, Butler
Debt Collection Defense
ph. (816) 787-1979
fax (816) 569-9909
Don’t take advantage of poor people just because they are poor.
Don’t beat down those who are in need by taking them to court.
The Lord will stand up for them in court.
He will take back the stolen goods from those who have robbed them.
Copyright 2020 by Longo Law Firm