Is Bankruptcy the Easy Way Out?

Has anyone made you feel that by filing for bankruptcy you are taking the easy way out? That judgmental attitude is not only incorrect, it can be harmful if it keeps you from getting the help you need. Bankruptcy is not a trivial thing. It can be a complex process that requires the skill of an experienced bankruptcy attorney. On top of that, bankruptcy can have serious consequences if it is not done right. For many people, however, it is the only choice they have.

Bankruptcy can have serious effects on your credit score. If you file for either Chapter 7 or Chapter 13, the bankruptcy may stay on your credit report for 5 to 7 years. You may need to disclose that you filed for bankruptcy when you apply for credit. Not only that, but can it turn up if you rent a house or apartment, get a cell phone, or apply for car insurance. With these possibilities, it is inaccurate to characterize bankruptcy as being an easy way out.

The Only Way Out
Through no fault of their own, people find themselves in bad financial situations. A job loss or sickness – they find themselves choosing between food and debt payments. They realize they will never pay off all their debts. For these people, bankruptcy is the only way out.

Get the Help You Need
At Behm Law Group, we understand that no one wants to file for bankruptcy. We’ll never make you feel like you’re taking the easy way out. We’ll treat you with the respect you deserve. Stephen Behm has the extensive experience, knowledge, and skill to guide you through the bankruptcy process with as little disruption to your life as possible. Contact us today to obtain the best results when you need to file a chapter 7, 12, or 13 bankruptcy.

Experience and Sensitivity Needed

When you hire a bankruptcy attorney, you are putting your financial future into that person’s hands. Not only that, but you will be required to show that person all of your finances. If you’re like many people, your finances are deeply personal and sometimes embarrassing. For those reasons, you want to make sure that you pick an attorney with both the experience and sensitivity to help and treat you with understanding.

If your attorney does not manage your case properly, you can lose your rights and property. Because bankruptcy can be a nuanced, detail-oriented and complex proceeding, you need to hire an attorney with the experience to handle your case the right way. At Behm Law Group, we limit our practice to bankruptcy law. That means that we can handle your bankruptcy case, no matter how complex.

Have you heard the old adage, never lie to your lawyer? When you file for bankruptcy, you will have to show your attorney all of your finances: every debt, savings and checking accounts, stock accounts, and more. You will have to show your bankruptcy lawyer a list of all your assets. Every part of your financial record will be laid bare. The kind of trust to give to a lawyer is difficult, but necessary. That is why you need to find an attorney who is understanding and will treat you with respect.

Attorneys You Can Trust
At Behm Law Group, you will find the combination of experience and sensitivity that you need. Not only are we leaders in our field, we will treat you with the compassion and understanding you deserve!

Payday Loan Predators

When they hunt, predators don’t look for strong or healthy prey — they seek out easy, unsuspecting victims. This is true both in the animal world and in the financial world. When times get tough, unscrupulous lenders promise easy money in the form of payday loans to people who are in trouble. A payday loan might seem like an easy short-term solution. However, it will give a financial predator an opportunity to sink its teeth into you, and you will be in worse trouble than before.

A payday loan is easy to get. All you usually have to do is show the lender your pay stubs to prove you have an income. Payday loans, though, often come with extremely high fees, sometimes up to 30% of the loan. For example, say your paycheck is $1,500, and you borrow $300. When you get paid again, the lender takes back the $300 plus a fee of up to $90 so that only $1,110 remains. Most likely, that $390 shortfall will leave you with not enough money to pay for all of your expenses. Therefore, you are forced to go back to the payday lender and get another loan, and your debts can quickly spiral out of control.

If you are in financial trouble, don’t go to a predator. Find someone who wants to help you, such as a financial counselor. Sometimes, though, not even a financial counselor can help, and you need the services of an experienced Minnesota bankruptcy attorney. Unlike the payday loan predators, a bankruptcy lawyer can help put an end to the cycle of borrowing and debt. At Behm Law Group, we specialize in assisting people through their financial troubles. Bankruptcy is our specialty, customer service is our passion. Give us a call and see how we can help.