Debts can easily get out of control. Even a person who is managing their debts appropriately can fall far behind if they lose their job or experience a long-term illness. If a person gets behind on their payments and is facing foreclosure or the repossession of their vehicle and they’re receiving phone calls each day from debt collectors, they might want to look for debt help in Lawrence, KS. There are two common options that will help a person get their debt back under control.
If the person has the means to repay their debts but is having trouble catching up after a period of non-payment, they may want to look into restructuring the debts. This can be done with most types of debts and can make it easier for a person to simply make one payment a month on the debt they owe. They will want to ensure this is going to prevent foreclosure or repossession before they begin. For many people, this can be a viable option that allows them to get caught up again without having to go to court.
If the person has too much debt, or they don’t have a way to repay everything as quickly as needed, they may want to consider bankruptcy instead. This is a structured way to repay debts or have some of the debts dismissed because they simply cannot repay them. The person will want to work with a lawyer to be sure they choose the right chapter of bankruptcy and to make sure the entire process is successful. This will help them get rid of most debts without having to lose their primary home, car, or other essential assets.
Choosing the right type of debt help in Lawrence, KS can be difficult in some cases. If a person isn’t sure what’s right for their situation, or they need help to determine whether they should proceed with a bankruptcy, they should set up a consultation with a bankruptcy attorney. They can have all of their questions answered and find out what first steps should be taken for their situation. Visit the website to learn more today.
