When to Seek Advice from a Bankruptcy Lawyer in St. Charles MO

Not everyone is fortunate enough to go through life without experiencing financial hardship. When it seems as if there is no way to reverse a bad situation, it makes sense to seek advice from a Bankruptcy Lawyer St. Charles MO. Here are some scenarios that call for picking up the phone and making an appointment today.

Scared to Answer the Phone

No one should be filled with a sense of dread when the phone rings. When the first thought is that the caller is a bill collector rather than a friend or relative, something has to give. Depending on the severity of the situation, a Bankruptcy Lawyer St. Charles MO may suggest some form of personal bankruptcy as a way to eventually get back on sound financial ground, or come up with another suggestion. In any case, the client will have a better idea of what it will take to do next.

Taxes are Due

Due to medical issues or other serious issues that meant putting off paying taxes, there is now the possibility of facing property seizures, liens on bank accounts, and garnishments on wages. One of the things that the Bankruptcy Lawyer St. Charles MO will point out is that while most types of taxes cannot be discharged in a bankruptcy filing, the action will place a stay on any further attempts to collect the taxes. This action effectively places the debtor under the protection of the court and ensures the tax debt is paid using terms the individual can afford.

Divorce and Financial Stress

A divorce has left the individual with a great deal of unsecured debt. While the debtor had every intention of paying those obligations at the time, it is now not possible to do so. In this scenario, the only practical solution is to compare the options for personal bankruptcy and seek the type of protection that is in the best interests of the individual.

For anyone who is going through financial difficulties and sees no way out, call Van Dillen & Flood P.C. today and arrange for a consultation. After looking over the affairs of the client, it will be possible to discuss solutions and settle on the one that will provide the most relief and set the stage for a fresh start.

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