Many people have accumulated debt during the period of the Coronavirus pandemic. Upon expiration of federal programs such as the unemployment bonus and eviction moratorium their financial circumstances may have changed so that the debt they accumulated is no longer manageable. Fortunately there are many business hiring and offering competitive wages, however those wages may not be so competitive as to provide for the timely resolution of debt that has been accumulated. The laws of the U.S. provide a solution to this hardship termed Bankruptcy.
Bankruptcy eliminates the most common types of debt which include, but are not limited to, debt from credit cards, medical bills, and past-due-rent. In addition to eliminating debt, bankruptcy also allows filers to keep certain debts that are necessary to maintain possession of collateralized property like a home or vehicle.
Saving wealth is vital to obtaining a better standard of living. For young people wealth is a means of undertaking a business venture. For middle-aged and elderly people, wealth is a means of retirement. A history of financial hardship and accumulation of debt is detrimental to the ability to save wealth. Bankruptcy can eliminate that detriment.
Free Consultation
Call our office for a free consultation to determine if Bankruptcy is the solution for you.
Bankruptcy is a technical practice for an experienced debt relief attorney, like those at Smith Law, Ltd. Because there are so many nuances in the application of bankruptcy law, it is inadvisable that an individual not experienced or knowledgeable about Title 11 of the U.S. Code, and how the courts have interpreted those laws, to file bankruptcy without the assistance of counsel.
If you would like to speak to experienced debt relief attorneys, please contact Smith Law, Ltd.
We are a debt relief agency. We help people file for bankruptcy relief.
Smith Law, Ltd.
(217) 345-6222
622 Jackson Avenue
Charleston, IL 61920
