Law Office of Robert W. Kovacs, Jr Articles The Financial Ramifications of a Lawsuit

The Financial Ramifications of a Lawsuit

By Law Office of Robert W. Kovacs, Jr.  May. 14, 2012 9:07a

When you are strapped financially, what can make matters even worse is a lawsuit. If you are having a lawsuit filed against you, you are likely going to have to pay large sums. In the event that you cannot afford to pay the terms of the lawsuit then you may very well have to file for bankruptcy. For example, if you were involved in a car accident that you caused and another person was injured as a result, you would likely have to pay for that person's injuries if they filed a personal injury lawsuit against you. Depending on the severity of the injuries, that payment could be fairly large.

Many people also find themselves in the midst of financial struggles when going through a divorce. If you cannot afford to pay your alimony or child support, you will not be able to get those debts remediated by bankruptcy. You will, however, be able to get other debts discharged which can free you up to be able to pay your divorce obligations. Any type of lawsuit that you may be facing can leave you with no other choice than to file for bankruptcy. The good news is that bankruptcy is actually helpful, and a good option for many people.

Contact a Boston bankruptcy lawyer now!

At the Law Office of Robert W. Kovacs, Jr., the firm understands that circumstances outside of your control may be pushing you toward the reality of bankruptcy. These situations sometimes come up and the firm wants to be able to help you not only to handle your debts, but to handle them in the best way possible. By speaking with a Worcester bankruptcy attorney from the Law Office of Robert W. Kovacs, Jr., we can guide you through the process to get you the best case results possible.

Contact a Worcester bankruptcy lawyerfrom the firm today for more information.

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