Bankruptcy in Springfield Missouri
Hire An Attorney You Can Trust For Personal Injury And Bankruptcy
When an individual has been injured due to no fault of their own, the financial hardship it can create is overwhelming. An injured victim is entitled to payment for medical bills, loss of wages, pain, and suffering. In some cases, when the individual has a permanent injury or cannot return to their employment, they could be eligible for a larger settlement. The main reason to hire a personal injury lawyer is so a victim isn't harassed by an insurance company or forced to settle for less money than they're entitled to.
An attorney will assess the claim to let the victim know if it's worth pursuing a larger settlement from the insurance company. If a victim isn't going to win the case, the attorney will not be interested in pursuing it because they work on a contingency basis. This means the attorney will not charge a victim any money during the case and will only receive compensation if they win a settlement. Understanding the law in a personal injury case and what a victim's entitled to can be confusing, especially when an insurance company is pressuring them to settle. An individual should never settle before speaking with an experienced attorney.
In some cases, an individual is at fault for an accident and is injured. The financial problems can become just as difficult for this individual. Whether a person has been a victim of an injury, accident, divorce, illness, or some other life-altering situation that puts them in a financial bind, they should consider bankruptcy in Springfield Missouri.
There are two popular types of bankruptcy for an individual, including Chapter 7 and Chapter 13. Chapter 7 bankruptcy is ideal for an individual who has a limited income and a lot of unsecured debt like credit card balances. Chapter 13 bankruptcy is for individuals that have a source of income and assets and want to retain them. They can be put on a repayment plan over three to five years to eliminate the debt. Both types of bankruptcy will leave an individual with the financial freedom they need and, in some cases, still retain their home or car.