Causes of Bankruptcy
When Divorce, Unemployment or an Illness Affect Your Finances
At our Highland-based law office, we provide a welcoming and nonjudgmental environment for you to discuss your financial concerns. You have already been through enough with harassing creditors demeaning and insulting you. You have dealt with a dire financial situation and you need help.
Indiana residents in financial crisis have come to rely on the law office of bankruptcy attorney Jon D. Beaty for solutions to their problems and protection of their rights through Chapter 7 bankruptcy or Chapter 13 bankruptcy.
While bankruptcy can be a black mark on your credit report, a filing is not always the result of financial irresponsibility. Our job is not to rehash the past, but to help you move on to the next chapter of your life with a fresh start. Contact our office today – a free initial consultation is available upon request.
A Divorce Can Divide a Family and Double Expenses
A divorce can be both emotionally and financially devastating. A two-income family has been torn apart. A primary wage earner has moved out. Mortgage and car payments that were once easy to pay have become a burden. Credit card bills are out of control with late fees and other penalties.
A Sudden Job Loss Upends Financial Stability
An unexpected layoff ends a steady stream of income. Without warning, the money going out exceeds the money coming in. You may receive unemployment benefits, but that represents a portion of the income you once enjoyed. Even a slight loss of income can cause strain on your financial situation.
Growing Medical Bills for Illness or Injury Become Out of Control
A sudden illness or injury can cause financial distress. You may not have health insurance or your plan may only cover a portion of yourÂ medical bills. Thousands of dollars later, you are experiencing stress from collection agencies calling you. You attempt to keep up, but end up sacrificing other bills in the process.
Credit Card Debt
Credit cards are tools of convenience. But credit card debt can quickly spiral out of control, considering the high interest rates most companies charge. Many people end up paying interest only when making minimum monthly payments, doing nothing to reduce the actual principle. Find out more about discharging credit card debt through bankruptcy.
For more information or to schedule a free initial consultation with an experienced lawyer regarding a bankruptcy filing, please contact us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.