Do you feel caught in a cycle of past-due bills and creditor phone calls? Attorneys Harry D. Boul and Shelley L. Forrest at Boul & Associates, P.C. in Columbia, MO, know how you feel. These experienced attorneys have more than five decades of combined experience in helping clients who are filing bankruptcy and resolving their debt-related problems.

Below, these expert bankruptcy lawyers explain the most common reasons why people file.

1. High Amount of Unsecured Debt

Filing bankruptcy can help if your debts are made up of doctor, hospital and medical bills, personal loans, and credit card bills, and you have no realistic way to pay them off. 

2. Long-Term Unemployment

When you lose a good-paying job and struggle to find one for over a year, your savings and assets may shrink, but your bills will continue. Filing bankruptcy can provide you with a clean financial slate.

3. Divorce

In some cases, settlements and legal fees can leave people in substantial debt without the income to pay it.

4. Foreclosure or Repossession

Filing bankruptcy stops creditor actions and gives you breathing room. If you have a regular income, a Chapter 13 bankruptcy allows you to renegotiate terms and begin a court-approved payment plan.

5. Business Failure

Bad timing, poor decisions, or unexpected economic conditions put your business enterprise in a deep financial hole. You need a bailout, or you need to get out.

At Boul & Associates, P.C., attorneys Harry D. Boul and Shelley L. Forrest draw on their vast knowledge of and experience with the bankruptcy process to advise you of all your options. Their wise, compassionate counsel will help you decide the best solution for your situation. Whether you need a Chapter 7, 11, 12, or 13 bankruptcy, count on them to guide you through your financial difficulties.

Find out if filing bankruptcy is your way of escape. Contact Boul & Associates in Columbia, MO, today. Visit their website for more information. Call (573) 443-7000 to schedule an appointment.

Disclaimer: We are debt professionals. We help people obtain debt relief and protection from creditors by filing bankruptcy cases.  The choice of an attorney is an important decision and should not be based solely upon advertisements.  Neither the Supreme Court of Missouri nor the Missouri Bar reviews or approves certifying organizations or specialist designations.