Family law is a broad term that has to do with just about any type of legal process connected with the well-being of the family. That includes legal approaches to dealing with financial issues. When nothing seems to work and the the sense of being overwhelmed is too much to bear, it pays to talk with a lawyer who knows all about family law in the Ozaukee WI area. Here are some ways the lawyer can help.
Identifying Possible Approaches
While the family has already tried several strategies to deal with the debt, there are likely more options that remain unexplored. An attorney who knows family law in Ozaukee WI can identify some of those methods and determine if they are worth trying. For example, the main problem may be past due taxes that accumulated over a period of several years. While the chances of having those taxes written off by the tax agencies are slim, people who meet certain criteria can apply and possibly be approved for this type of hardship exemption. The attorney will know what qualifications the family must meet for this type of action to take place.
Considering Bankruptcy
When people hear the term bankruptcy, they often begin to cringe. The fact is that quite a few people who are successful today went through a bankruptcy at some time in the past. Before rejecting this approach out of hand, have an attorney look over the financial situation. It could be that the most practical move at this time is to seek some form of bankruptcy protection. The attorney can go over the possibilities with the client, identify which approach is in the best interests of that individual, and then take care of filing all the necessary documents with the court. As long as the client is honest with all the details of the current financial situation, chances are the petition will be approved.
Family Law can be helpful with everything from preparing the end of life documents to provide the opportunity for a fresh financial start. Talk with an attorney today and see what can be done. Doing so will mean the end of sleepless nights and more time spent on planning for a better future.
