In life, you have to expect the unexpected, and you may find that you are not as prepared as you first thought you were. Bills and other financial changes could be greater than you expected them to be. You may begin to incur more debt than you initially anticipated. There are many reasons why individuals end up with debt they cannot repay. An individual can be faced with a mountain of debt in a very short amount of time. It is during this time a person may want to consult with a bankruptcy law attorney.
Medical Bills Can Be Dangerous To Your Health
One of the most common reasons why people decide to file bankruptcy is medical bills. These bills can be acquired as a result of an illness or an accident. Medical care is an expense that has proven to be too costly for many individuals. And, the costs of medical procedures and emergency room visits can easily break a person’s budget. Hospitals and clinics often pass on their increased operating costs on to their patients. Fortunately, an experienced bankruptcy law attorney will help you navigate through your medical debt and through the bankruptcy process too if necessary.
Credit Card Debt
The second reason on the list for why people file bankruptcy is credit card debt. Many times a person applies for a credit card as a way to build credit. They are also frequently used when a person does not have any cash on hand to make a purchase. Unfortunately, many credit card companies charge an enormous amount of interest. Coupled with monthly payments and it is easy to see how one or two credit cards can leave a person deeply in debt.
Contact a Bankruptcy Law Attorney Today
A bankruptcy law attorney has the right knowledge, experience, training and education to help you during this difficult financial time. The bankruptcy process can help individuals learn how they got into debt and how to avoid falling into the same trap again. Individuals may also have to abide by a payment plan approved by the court to help them get back on track financially.
Residents in North Georgia that are considering bankruptcy can learn more about this type of service by scheduling a free consultation with Douglas Jacobson Law Firm.