Personal Bankruptcy And Debt Relief
It rarely pays to put off dealing with a problem. In most cases, the problem will only get bigger. This is especially true when it comes to debt problems.
If you have more debt than you can repay, bankruptcy may provide you a way to solve the problem. At Pittman & Pittman Law Offices, LLC, our lawyers file Chapter 7 and Chapter 13 bankruptcy for individuals and small-business owners in western Wisconsin and eastern Minnesota. Call our La Crosse office at 608-784-0841 or our Madison office at 608-233-4336 for a free initial consultation.
A Solution To Debt Problems
There are many ways a good person can get into a bad financial situation. Here are just a few examples:
- Medical bills
- Credit card debt
- Payday loans
- High-interest rates
No matter how you got into debt, bankruptcy provides a way to reduce or completely discharge the debt so you can move forward with your life.
Learn more about Chapter 7 and Chapter 13 bankruptcy.
Find out how to stop creditor harassment.
Why You Shouldn’t Put Off Debt Problems
By putting off debt problems or seeking partial fixes, you could end up losing valuable assets that you could have kept if you filed bankruptcy. For example:
- If you withdraw money from your 401(k) or IRA to pay off debt, you will incur early withdrawal penalties. You will also lose money you will need for your retirement. Your retirement savings are protected when you file bankruptcy.
- If you take out a second mortgage on your home to pay debts, you could end up losing your home to foreclosure. If you file bankruptcy, you can discharge most types of debt while protecting up to $150,000 in home equity.
- If you sign up for a debt consolidation or negotiation scheme, you could end up spending thousands of dollars without getting the relief you were promised. You could also end up with a large tax bill for any debt that is forgiven.
Before you take half measures or lose valuable assets, call our lawyers for a free consultation about bankruptcy.