When it comes to financial matters, people are very guarded about letting others know how their financial health is. That is understandable because the financial matters of a family are private and should be respected. However, as hard as people may try, sometimes keeping financial matters private is impossible. This is true especially when the people in question are heading for bankruptcy. Perhaps home foreclosure is on the horizon. Maybe the other possessions are in danger of being repossessed when loans are defaulted on. A bankruptcy Lawyer in Lawrence KS helps clients who find themselves in such situations.
For those whose finances are in disarray, there are steps that can be taken to avoid foreclosures and other financial defaults. These steps involve filing bankruptcy. There are two basic types of bankruptcies that are filed by individuals: Chapter 7 and Chapter 13. Chapter 7 is for those who are wanting to erase all qualifying debt. It gives the debtors a chance to start over fresh. Chapter 13 is primarily a reorganization of all the debt the debtor has. It is the one chosen that will allow the debtor to save his or her house, and his or her automobile.
Chapter 13 bankruptcy allows the debtor to save face and pay debts in a timely manner (usually a three-year period). The Chapter 13 bankruptcy will allow for the debtor to pay fewer fees to the attorney upfront. It will give the debtor flexibility in dealing with the creditors. The debtor will have a way to pay his or her taxes and child support. Contrary to popular belief, the debtor will not have to pay all the claims against him or her.
Joseph I. Wittman Attorney at Law has been meeting the bankruptcy needs of clients in Topeka and Lawrence, Kansas, and the surrounding areas for many years. The attorney offers help with Chapter 7 bankruptcy, Chapter 13 bankruptcy, and other areas concerning debt relief. The bankruptcy services are for residential and business clients needing immediate help. If there are any potential clients, who are in need of a bankruptcy Lawyer in Lawrence KS, the attorney if available. Visit the website.
