DIVORCE
When married, there are ordinarily two individuals paying the household debts. However, when a divorce occurs, there are then two separate households with two separate mortgage payments and/or rent payments, plus all of the normal household expenses now doubled, and the income is always insufficient to cover both household’s monthly expenses plus all of the debt incurred during the marriage. The solution would be one of two types of consumer bankruptcies. If one or both individuals filed for bankruptcy, the usual scenario is that the total balance of the debts is reduced, the monthly payments are reduced and the interest rates are reduced. Some debt may be eliminated altogether for an individual, who makes less per year than the average person in South Carolina for their family size, and who own just normal household furnishings, a normal home, a normal vehicle, and even a retirement fund at work. Divorce can create tremendous emotional stress, and financial burdens that last for years. There is no reason to let your creditors rule your lives. A year after a divorce, people should be moving forward and looking to the future. Part of that should include a personal financial restructure in which debt is reduced, payments are reduced and stress is reduced. If you are needing a divorce, call The Cooper Law Firm to discuss your issues, and we will explain the law to you in a way you can understand it. Feel free to bring a friend, co-worker, or relative with you if you feel you need emotional support. We will try and help you meet your goals. Additionally, we will discuss with you how eliminating debt can help you obtain a “fresh start” and a new life after divorce. Call us at (864) 271-9911 or 1-800-356-0091. Good luck and we look forward t hearing from you soon.
INJURED
If you are injured in an accident, and it is determined by law that your medical bills greatly exceed the amount of insurance coverage available, you may be stuck with tens of thousands of dollars of debts that you could not pay in a lifetime. Unfortunately, these things happen everyday, and people like you are sued by hospitals and medical personnel. These lawsuits can lead to a person losing everything they own, and have worked hard to obtain. Don’t let this happen to you. If you are faced with this type problem, call The Cooper Law Firm. One of the two types of consumer bankruptcies can help eliminate the great majority of the debt, and discharge (i.e. wipe out) it. This means under federal law, you will never owe the debt again, and creditors are strictly forbidden by law from ever trying to collect or even asking you to pay the debt that was discharged. If you are faced with this or other debt problems or lawsuits, call The Cooper Law Firm for help.
