Unmanageable unsecured debt in Florida

If you are overwhelmed by unmanageable levels of unsecured debt, you are not alone. Thousands of people find themselves deep in debt and unable to make their payments. While unsecured debt doesn’t have any property as collateral, creditors may still try to enforce their interests by filing lawsuits against you or seeking to garnish your wages.

There are several types of unsecured debts that may be leading to problems for you. Medical debts may quickly balloon. Many people in the United States struggle with expenses related to unexpected injuries or illnesses, and bankruptcy may be an option if you are struggling under the weight of medical debt.

Credit card debt is another type of unsecured debt that can lead people to significant financial problems. Since most credit card debt is unsecured, it can normally be discharged through bankruptcy. While most student loans cannot be discharged in bankruptcy, it is possible to do so under some limited circumstances. Even if your student loans cannot be discharged, discharging your other unsecured debts may make it easier for you to repay your student loans.

At Nowack & Olson PLLC, our lawyers understand the stress people who are struggling under the weight of unmanageable debt feel. We work closely with our clients to help them figure out the most appropriate ways for them to tackle their own debts. In some cases, we help our clients with filing for bankruptcy so that they can try to get fresh financial starts. When unsecured debts are discharged, the creditors cannot try to collect on them any longer, allowing the debtors to move forward with their lives. If you would like to learn more about unsecured debts and how bankruptcy might help with yours, you may want to review the information we have outlined on our unsecured debt page.