While a bankruptcy filing can bring welcome relief from most all consumer debt, there are a few specific categories of debts that will remain after your paperwork is filed. With bankruptcy being such an important decision, it's vital to understand the full ramifications of the that action. If you have a relationship to any of the debt categories below, you might need to take actions outside of bankruptcy to deal with it.
When you are struggling to pay back the money you owe to creditors and lenders, you may be considering filing bankruptcy. But, if you have some money to pay lenders back, an attorney may recommend that you attempt to settle your debts for less than they are worth, rather than filing bankruptcy. This is something you can do one your own or you can hire a lawyer to help you. There are many benefits to using a bankruptcy lawyer for this task.