Learn More About Bankruptcy Conditions
A sour economy, unexpected expenditures and predatory lending are important factors leading many people in the direction of bankruptcy. If you are unable to pay your debts due to these sorts of factors, the bankruptcy protections offered by U.S. federal laws may be able to help you get back on track.
Contact us at Walton Legal Services in Indianapolis or Columbus, Indiana, for a skilled assessment of your personal situation from an experienced bankruptcy lawyer.
Deal With Enormous Debt Burdens
Many American families live from paycheck to paycheck, spending every dime that comes in paying off a variety of debts and obligations. When an unexpected situation like job loss, medical problems, divorce or an interest rate adjustment occurs, something has to give. Typical debt burdens, some of which are dischargeable in bankruptcy, include:
- Credit card debts
- Mortgages
- Medical debts
- Student loans
- Payday loans
- Rent-to-own furniture, appliances and other items
- Department store credit
If your wages are already being garnished to pay a judgment or child support, you may have particularly little flexibility to manage your debts.
Contact us to discuss with one of our attorneys the steps you can take under bankruptcy law to get back on your feet when you face credit card bills, payday loans and other mounting debts you cannot afford to pay.
Get Out of Lease-to-Own Messes
Many people who want to buy homes but are unable to get mortgages rely on the promise of lease-to-own arrangements. Unfortunately, lease-to-own plans rarely benefit the families who agree to their terms.
If you are caught up in a lease-to-own predatory lending scheme and cannot meet your obligations, bankruptcy may be the best way out.
