Many people perspire at the thought of filing bankruptcy. They’ve gotten behind on their bills, couldn’t make the house payment because children had to eat, and they’re scared to death they’re going to lose the car and the house. This has been a scenario played out by hundreds of families who’ve had to call on an attorney to get them out of a horrible jam. Who wants to listen to a phone ringing day and night? This is torture that only those with poor credit ratings know about. These are otherwise, upstanding families who wouldn’t owe a dime without paying it on time.
Somehow things get out of hand and the realization that there are no more credit card checks coming in the mail, and the limit on the credit card is exceeded. Once this happens, all of them will raise their rates of interest to the highest rate. Considering that some interest rates are over 25%, and one bill is $10,000, the interest alone is going to be $250, with nothing going on the payment. How long can a person last paying bills this way? They have to realize that it’s time to call one of the Attorneys in Lawrence KS and get the help they need to file bankruptcy.
There are various chapters attorneys can file for their clients and they’ll explain the details to them when they call for an appointment. Visit the website, and read about Chapter 13, which could allow the client to keep their car and home, and also allows them time to pay off some bills. It depends on whether a person has a decent job paying enough for them to pay down their bills.
Quite often, credit card companies will lower their rates of interest and simply allow the client to pay the amount they charged in the first place. They know it makes better business sense to regain some of the money back than go without any payments at all. For those who need one of the Attorneys in Lawrence KS, check out their website and contact them today for the help needed to finally get out of debt and be at ease.
