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Olympia Bankruptcy Attorneys, Budsberg Law Group

You’d be surprised at how many people and businesses in the Olympia area have experienced debt problems. Debt trouble can happen to anyone. Families and businesses considering bankruptcy protection need to remember that life can throw you a curve ball from time to time.

During the course of a long life, a person will experience periods highs and lows. Some of these will be personal while others will be financial. For whatever reason, there are many people who find themselves in deep trouble when it comes to their finances. When they find themselves in this situation, they’re likely to consult with a bankruptcy attorney and begin the process to resolve their debts. This isn’t what most people would like, however, it’s better than facing legal action and possibly losing possessions or being stuck in an cycle delaying payments for one bill while you pay the other. This financial juggling act is both frustrating and often fruitless.

Before filing for bankruptcy is considered, it’s best to consult a financial advisor to resolve one’s debts the old-fashioned way – creating a budget, limiting expenses and making the hard choices necessary to make the required payments. The person who’s currently going through financial hardship should consult with a financial advisor to determine the best course of action. It’s possible that they have enough money to pay off their debts, but they are just not budgeting it properly. A well crafted plan can often help resolve the obligations they have to their creditors.

Every time someone enters into a relationship with a creditor they are obligated to pay what they owe in an agreed upon timeframe. If they are unable to meet their obligations, they will be faced with all the consequences that are stated in the agreement they signed. Nobody is surprised when creditors decide to come down on them hard. This is why people need to avoid signing up for too many credit cards. While it might seem easy to sign up for credit cards, it becomes increasingly difficult to pay off the debt incurred from these cards as time goes on.

Filing for bankruptcy is not the end of the world. Millions upon millions of people have filed for bankruptcy protection and gone on to live productive, financially secure lives. A person’s ability to recover their livelihood depends on their willingness to change their way of thinking about money. Relying on bankruptcy ALONE to escape financial turmoil is not a long term plan. Bankruptcy, along with a plan to avoid what got you in financial hot water to begin with, is the best course of action.

Budsberg Law Group can help you create a financial plan for resolving debt problems. If you need bankruptcy protection, our attorneys will help you craft the best plan possible to get you back on your feet financially. Give our Olympia Law Office a call for an evaluation of your financial debt situation and get on the right track towards freedom and a fresh start!

Life is full events that cause us to have debts that are more than we can handle. Business deals that have gone wrong, medical bills that are more than you can afford, job loss, all of these circumstances can cause a person or a business the need to obtain some extra time to reorganize or start over. Budsberg Law Group, PLLC has represented individuals and businesses in chapters 7, 11, 12, and 13 bankruptcy filings for over thirty years. Budsberg Law Group has helped to reorganize businesses and individuals to allow them to either maintain their current business operation, embark on different business endeavors, or simply start over. Before you decide to liquidate your retirement account or agree to payment in a settlement, contact our office for a consultation to make sure you are on the right track.