Debt Relief Attorney Near Hobart

Finding Debt Relief Solutions for Clients in the Hobart Area

For many households, debt is a fact of life, as each month might involve mortgage payments, auto loans, and a credit card or two. However, debt can get out of control quickly and for many different reasons, and there are many people who cannot afford to make all of their payments every month. 

If you feel like you are drowning in debt, you should not hesitate to speak with a debt relief attorney near Hobart. There are options for relief, and you do not have to continue living under immense financial stress. Consult with Whitten & Whitten and learn how you might be able to solve your debt-related concerns.

Types of Debt

Debt relief strategies will depend on the type of debts in a particular situation. There are many debts that people fall behind on and cannot catch up, including:

• Medical bills
• Tax debts
• Credit card balances
• Personal loans
• Auto loans
• Mortgages and second mortgages
• Legal judgments
• Child support
• Rent and utilities

Our experienced debt relief lawyer will review the types of debt you have, as well as the following factors:

• Are your debts in collections?
• Is your credit rating going down?
• Are you at risk of losing your home or car?
• Are you facing creditor lawsuits?
• Do you have a wage garnishment?
• Is there a levy on your bank accounts?

By answering these questions, we can design a debt relief strategy that works for you and protects as much of your property as possible.

Debt Relief Through Bankruptcy

Many people hesitate to discuss bankruptcy because of many misconceptions about the process. While you might think that bankruptcy tells the world that you are financially irresponsible, there are many reasons for bankruptcy that have nothing to do with debt management mistakes. These include sudden medical conditions, unemployment, lawsuits, predatory lending, and more.

There are two types of bankruptcy primarily used by consumers:

• Chapter 7 bankruptcy, which is a relatively quick process that might put some of your property at risk
• Chapter 13 bankruptcy, which allows you to keep your property though requires a payment plan for three to five years

Both types of bankruptcy can be highly beneficial, and which type is right for you will depend on your circumstances, such as your household income. 

Bankruptcy filings are the beginning of the path to a healthy financial situation for our clients. It is fully possible to rebuild your credit after bankruptcy, and this legal process allows you to take back control of your finances. 

Consult with a Debt Relief Attorney Near Hobart for More Information

There is no need to go on dodging collections or losing sleep over how you will juggle your bills. Instead, contact Whitten & Whitten to set up a free consultation. We have seen firsthand how bankruptcy can achieve the debt-relief goals of our clients, so please contact us to speak with a debt relief attorney near Hobart today.