Finding yourself in excessive amounts of debt can be one of the most stressful situations an individual has to face. If may leave you with questions such as, "What types of relief are available for me?" Fortunately, Kansas bankruptcy attorney Rick Hodge can provide you with several means of debt relief.
1. Debt Negotiation. This is an option for those debtors who have an unsecured debt and can put together a fund to negotiate with to his or her creditors. The idea is to put together this lump sum and offer it to a creditor in exchange for a favorable settlement.
2. Chapter 7 Bankruptcy. Filing for this type of bankruptcy provides a relatively quick cancellation of a chunk of your debt.
3. Chapter 13 Bankruptcy. This type of bankruptcy is beneficial for those debtors who have a good income but have fallen behind on debt payments. The moment you file for this type of bankruptcy, creditor action against you is forced to cease and you will work with your creditors to create a repayment schedule.
For more debt relief options, be sure to contact Kansas bankruptcy attorney Rick Hodge today!