Debt is something most people will experience and find their way out of, but issues can arise that leave a person feeling completely overwhelmed. When the debt is much greater than a person can afford to pay, it is imperative they seek help from a lawyer. Meeting with a lawyer will allow an individual to Ask a free bankruptcy question so they can learn more about their legal options.
How to Get Started
To get started, a person first needs to schedule a consultation appointment with the lawyer. This appointment allows the lawyer to offer legal guidance to help the individual overcome the issues that are preventing them from being able to overcome their debt. The lawyer will review the client’s financial records and help them better understand their options for filing for bankruptcy.
There are a couple of different options for filing for bankruptcy. The first is Chapter 7 and it is a type of bankruptcy that is beneficial for helping those who have secured debts like credit cards and hospital bills. With this type of bankruptcy, an individual can overcome their debts in as few as six months. A trustee helps to ensure the individual’s assets are accounted for as they go through the process of liquidation.
There is also the option of filing for chapter 13 which is a type of bankruptcy that is best suited for those with secured debts. This type of bankruptcy requires individuals to pay monthly payments to the court each month so their debts can be paid off within the bankruptcy period. With this bankruptcy, individuals can overcome the possibility of foreclosure so they are able to keep their home.
Schedule a Consultation
If you are ready to get legal help for your bankruptcy, now is the time to get started. Allow a lawyer to help you through the process so you can overcome your debts and start fresh. Call the office today and ask them to schedule your appointment. They will happy to help you through the process so you can learn more about your bankruptcy options and make the best choice for your needs.