When clients learn about attorney David S. Kohm, they quickly begin to see he is a man on a mission. His goal is to help people with their legal issues so they can get the best possible outcome. Working with personal injury and bankruptcy cases allows him to help the community. Those who are dealing with overwhelming debt look to his guidance on bankruptcy law. If you have done all you can to get out of debt, allow this information to help you so you can make a wise decision on whether or not a lawyer can benefit you.
When someone is dealing with more debt than their income will cover, they often do not know where to turn to for help. Constant calls and letters from creditors can be overwhelming. They have the power to garnish wages and can take people to court to pursue them for what they are owed. To avoid these actions, it is important a person learns all they can about their options, one of these being filing for bankruptcy.
When people see a lawyer for bankruptcy, they have different options presented to them. The first one is Chapter 7, and is usually the fastest option. This option requires that a person meets certain income testing qualifications. It also requires them to submit extraneous assets for liquidation. A person’s home, car, clothing, and furniture are exempt, so most people simply have their debts absolved by the third-party trustee in lieu of liquidation of their assets.
There is also the option of filing for Chapter 13, which allows a person to avoid foreclosure and repossession. While there are no income restrictions, the individual is required to make payments through the court each month. These payments are based on the amount of debt a person owes and their monthly income. Payments will be stretched out over a period of two to five years.
To find out more about these options, learn about attorney David S. Kohm and how he can help you overcome your debt. Through bankruptcy, you can finally be free of your debts once and for all.
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