Personal Insolvency
Bankruptcy isn’t always the best option, and sometimes it may not be an option at all. For example, if you have a large amount of equity in your home, you may want to avoid filing bankruptcy if possible. Clients who face severe financial trouble but cannot file for bankruptcy are often faced with lawsuits and collections attempts. Without competent representation in trying to resolve the collections matters, creditors can use their rights under the law to executive judgments and garnish wages.
If you are in this situation, the attorneys at Strip, Hoppers, Leithart, McGrath & Terlecky will tirelessly advocate for your position. We will work with you and your creditors to come to a resolution that is best for your situation. When litigation is necessary, we will fight in court to ensure that you are not denied any legal defenses to the claims.
There are many independent firms that advertise they can get rid of your debt with the snap of a finger. Our attorneys realize there aren’t always easy solutions, and we won’t charge a premium for services that don’t work. We will honestly and accurately spell out your options and help you find solutions to your specific problems. If your creditors are then unwilling to settle, our firm has the resources to protect you in other areas, such as through a Chapter 7 or Chapter 11 bankruptcy filing.
We frequently represent clients to resolve past due accounts, credit card disputes, foreclosures, contract obligations and the like. If you have assets that you want to keep out of bankruptcy, there are other options that we will explore.
