Richoux Law Firm
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June 2018 Archives

Waiting too long to seek debt relief may only make matters worse

Many people across the country, including in Louisiana, struggle with debt for years. The reasons for facing these prolonged hardships can differ from person to person, but often, parties are hesitant to move forward with major debt relief steps, such as filing for bankruptcy. However, individuals may face greater financial difficulties the longer they wait to file.

Chapter 11 may provide helping hand to struggling businesses

When financial troubles hit, it can sometimes prove immensely difficult to get back on track quickly. Unfortunately, the longer the problems persist, the more likely it is that business owners will not be able to address their outstanding debts on their own. Before throwing in the towel, however, Louisiana business owners may want to consider Chapter 11 bankruptcy.

Chapter 7 bankruptcy has its upsides

Someone considering filing for bankruptcy may feel hesitant to move forward with this action. Many people tend to focus on the negative aspects of Chapter 7 bankruptcy, and they may think that this debt relief option may do more harm than good. Fortunately for individuals in Louisiana and elsewhere, there are many benefits to this option.

Confirmation of repayment plan necessary in Chapter 13 bankruptcy

Deciding to take a head-on approach toward addressing debt issues is a major step. It can feel confusing and overwhelming when Louisiana residents decide to file for Chapter 13 bankruptcy, but if successful, their cases could help them achieve financial stability once again. Of course, there are many aspects of the process that individuals may not understand.

Contact

Richoux Law Firm, L.L.C.
110 E. Kaliste Saloom Road
Suite 205
Lafayette, LA 70508

Toll Free: 888-327-5740
Phone: 337-205-7049
Fax: 337-456-6299
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