Aurora Bankruptcy Consultation can help you deal with your debt. There are several types of debt that you might have built up over the years and now you’re in over your head. Each type of debt has different laws involved, and therefore, different ways of dealing with it. Find a reputable lawyer and receive and Aurora Bankruptcy Consultation for these types of debt.
Credit Card Debt
Here’s a secret: If you make a late payment on one credit card and your rates go up, it’s perfectly legal for your other credit card rates to go up, as well. Is it fair? No. If you fall behind on one payment, you might end up paying much more on all your cards. Bankruptcy can help you in two ways. It can eliminate your credit card debt, but you won’t be able to get cards for years. It can also help you consolidate all your debt into one smaller payment.
Child Support
If you choose bankruptcy, you will still have to pay child support. There is no getting out of it in the name of the law. It can make the payments easier for you. If you are in arrears, bankruptcy will allow you to make payments to pay it off. Bankruptcy will also prevent wage garnishments. Money will not come out of your paycheck for child support.
Medical Bills
The lovely thing about bankruptcy is that medical bills are usually forgiven. It’s not your fault if you were sick or injured and the bills just keep adding up. With bankruptcy, your medical bills are wiped clean and gone. You can also opt to make small payments for a set amount of time. Once that time is up, your medical bills are wiped out and you pay nothing more.
Student Loans
Like child support, student loans remain your responsibility even if you choose bankruptcy. Several programs allow you to pay back your loans based on your income. You might only pay a few dollars a month with these programs, but the interest builds up over time. Once you start making good income, you might find that your monthly student loan payments are extremely high. Bankruptcy can help minimize your monthly payments.
No matter your debt, bankruptcy can help. Sometimes bankruptcy will eliminate your problems altogether, and other times it just makes life easier. Visit ledfordwu.com to schedule an appointment with bankruptcy attorney.
