On the nearly 2,000 mile round trip traveling adventure that you made with your dad you discussed almost everything except death and finances. Even though you can share memories of your childhood and stories of his youth with your 87 year old father, there are still some subjects that are just too difficult to brach. For instance, when he talks about the fact that both you and your sister are now listed with your mother in law on the insurance policy and investments, you cannot find the courage to talk about the money problems that you are facing. And when he talks about his feat that he might die before his wife, you cannot bring yourself to have a conversation about the end of life decisions that might need to be made.
If you are like most families, it is very likely that you can spend an entire weekend together, or a week long car trip, and never really dive into the subjects that matter the most. For this reason, it is often in your best interest to find out if there are local bankruptcy attorneys who have the experience of helping clients understand what can be a very challenging process.
Getting the Financial Help You Need Is Not Always Easy
Bankruptcy.
A scary word with a whole host of implications.
If you find yourself considering bankruptcy, the best investment you can make is one of time. The time that it takes to visit with a low cost bankruptcy attorney to decide what options might be available to you.
There are many times in life when our plans do not go as hoped. As a result, many of us find ourselves looking for a way to find debt relief. And while no one wants to walk away from their financial obligations, there are times when a bankruptcy law firm can help you understand the best options that are available to you.
Even a financially successful family may find themselves facing difficult challenges after an unexpected event. Did you know, for instance, that bankruptcies resulting from unpaid medical bills affected an estimated 2 million people in the U.S. during the year 2013 alone? If a sudden illness has caused your family to struggle you may find that working with an experienced legal council can help you understand the options that are available.
Failed marriages, failed businesses, and end of life decisions are exactly the kind of things that we should be talking about with our lived ones. It is often in the most challenging of times, however, when there is value to consulting with an impartial legal representative who can help you understand the options that might be available. By law, for example, a Chapter 7 bankruptcy stays on a person’e credit report for 10 years after it is arranged, so it is important to know that you have used the correct resources when it comes to making difficult money matters.
Parenting requires a delicate balance. An while some parents pry too much into their adult children’s business, knowing that you have someone who is looking out for your best interest can help you take the firs step in a financial situation that might require a bankruptcy filing. Whether your problems are a result of a medical emergency with mountains of expenses, a failed marriage, or a business decision that did not go well, it is always good to have as many people in your corner as possible. When you are considering something as important as bankruptcy, however, come opinions matter more than others.
Working with a team of bankruptcy lawyers, in fact, allows you to not only understand the steps that are required to actually filing a report, but also to help you know that while there may be some short term relief there will also be some long term consequences. When you have no other options, however, the most experienced lawyers can help you navigate what would otherwise be an even more challenging situation.
Road trips with aging parents may not always be the perfect time to share the financial challenges that you are facing, but it is almost always in your best interested if you are able to find the right mix of resources. Attorneys and other financial advisers are a great start.