A lawyer is on hand to guide you and provide information about bankruptcy.
Chapter 13 only applies to those who own a home, however most bankruptcy lawyers handle all kinds of bankruptcies. The options are available for both businesses and people in chapter 7 and 11. Two of the most commonly used kinds of personal debt are taxes and medical balances. Though it’s feasible to attempt to negotiate settlements with the doctor or the hospital you owe money but this usually takes time and increases the amount of interest added to the total amount of amount of debt. And if you choose to enroll in an IRS Repayment program and you are bound to make payments on the loan.
Consulting an experienced attorney is essential in instances with bankruptcy as well as irs-related debt. The IRS may impose liens on the property, and even garnish wages if the owner fails to pay tax obligations, so entering into an agreement that is negotiated with an experienced and qualified attorney will not only help you save money but help protect your assets. 92closzqxz.