Overwhelming debt can happen to anyone, but statistics show that black households carry medical debt at the rate of 30%, according to NPR. Medical debt can be a challenging type of debt to get out of and, for many families, bankruptcy is the only option. Let’s look at some ways that a bankruptcy firm can help.

Understanding Your Options

One of the most significant ways that a bankruptcy law firm can help you is by helping you better understand your options. Many people are unaware of the different debt options they have. Bankruptcy is one option, but there are other routes that can provide relief. Your bankruptcy professionals will look at your particular financial situation and advise you on which option could be best for you.

Talking to Debt Collectors

One of the reasons why many people wind up with overwhelming amounts of debt is because they feel intimidated about talking to debt collectors. If you feel intimidated in this way, you can work with a bankruptcy law firm. These professionals can talk to debt collectors on your behalf. They will know the right questions to ask and the right negotiations to make in order to relieve some of your debt.

Filing Court Documents

A bankruptcy is a legal proceeding and there are many documents that must be filed with the court in a certain manner and in a certain timeline. Most people do not know how to do this for themselves. These are skills that a bankruptcy lawyer would have. Our team of legal professionals is willing to help you with all the legal ins and outs of bankruptcy.

Protecting Your Rights

As a debtor, you still have certain rights that must be protected. A bankruptcy lawyer will help to protect these rights and ensure that your best interests are respected during the case. This is difficult to do on your own, since you may not be aware of what your rights are in this situation.

If you have been fighting overwhelming debt for some time, you might start feeling like no one is on your side. A bankruptcy lawyer will be your guide and helper during this difficult time. If you are in need of a bankruptcy law firm, please reach out to us today at Wendy M. Mead, Attorney. We will be happy to schedule a consultation with you.