One of the things that a Kain & Scott attorney will help you to do during your initial consultation is to take inventory of all of your assets, income, expenses, and debts. Our attorney will collect this information and, based off of it, make a recommendation on what the best avenue is for getting your life back!
Our attorneys will make an honest assessment and tell you if they believe that a Chapter 7 or Chapter 13 bankruptcy is best for your individual situation. One of the ways that they make that determination is by looking at the types of debts that you have.
Two big debts that can be wiped away through a bankruptcy are medical debt and consumer debt. Medical debt piles up faster than one can imagine and consumer debts like credit cards can carry outrageous interest rates. Ridding yourself of these types of debts can be a huge step in taking back your financial life. This can also free up cash so that you are able to work on paying back non-dischargeable debts.
Bankruptcy can clear the slate on a lot of debts but, as with all good things, there are exceptions. Namely, the two exceptions for dischargeable debts are student loans and tax debt. Nothing short of suing your student loan company is going to work to discharge any student loan debt and the government isn’t going to let anyone off the hook for any reason!
Consulting with an experienced bankruptcy attorney at Kain & Scott will give you a clear picture of exactly which debts will be discharged through a bankruptcy and which debts will remain. The majority of our clients’ debts are discharged during their Chapter 7 or Chapter 13 bankruptcy. Once their bankruptcy is complete they can reclaim their financial well-being and being the journey to get their life back!
Conclusion
www.kainscott.com is your source for everything bankruptcy. Read up on prices, process, and particulars as well as request an initial consultation with MN’s MOST EXPERIENCED Bankruptcy attorneys!
