There are several reasons why a person may consider meeting with a Bankruptcy Lawyer in Topeka KS. Going through a divorce can cause a lot of havoc on a person’s finances. They may have to get used to living on a lower income. It can become harder for people to pay their bills on time. They may have even has to assume responsibility for debt that was accumulated during the marriage, even if it was debt entered into by their spouse alone. Those who are thinking about divorcing, currently going through a divorce, or divorced recently, may benefit from having a consultation with a bankruptcy attorney.
Not everyone has health insurance. Some people who have some coverage can still end up in debt to the tune of thousands of dollars. There are plans that people pay premiums for which have high deductibles, expensive co-pays, and coverage gaps. Working adults and parents of children may have not been able to foresee that they would have to deal with illnesses or conditions that would cause them to be in a lot of debt due to medical bills.
The loss of a job is another factor that can cause people to think about filing bankruptcy. Being out of a job for more than a month or two can wreak havoc on a person’s bank account. If they are not able to find a job within six months or more they could get to a point of being unable to pay for their mortgage, car payment, and other bills that they could easily afford while they were working. Those that were laid off from their jobs or let go without warning can find themselves competing with many other candidates for a small amount of jobs. It could take them a year or more to find a position.
Sometimes those with poor budgeting skills end up needing to file some form of bankruptcy. Establishing a habit of using credit cards and not paying them off can cause people to get into a lot of debt. They may charge what they want today with the intention of paying the card off in the future. However, they may end up with a mound of debt that they just can’t afford to pay off in a timely manner. Click here for more information about filing bankruptcy.