Are you in financial trouble? Many people want to know the benefits of declaring for bankruptcy. There’s a lot of stress. It’s hard to make the phone call. It’s really hard to come in. What you’ll find is once I’ve talked to you and given you all of their options, you’ll feel a lot better. They wanted to know really what it could do for them.
With the help of an experienced Jamestown bankruptcy attorney, it is going to stop the harassment. It’s going to stop not only the creditors calling you, writing you, texting you, emailing you, but it’s also going to protect all of your assets. You don’t have to worry about losing the house or the car or whatever the case may be. It also is going to stop any civil litigation between you and someone else. It stops all of the litigation. The only exception would be something like family court or divorce. It certainly isn’t going to stop something like that.
Benefits of Declaring for Bankruptcy | Relieve Debts
It allows you to be protected while you get your situation under control. Now if it is just an unsecured problem; credit cards and medical bills, credit lines, whatever the case may be, then a Chapter 7 is just going to wipe that out. You’ll walk away free and clear of that in four months. Whereas if you’ve got a much more complex situation; you’re behind on your house, you’re behind on your vehicles, you’re behind on your income taxes, you’re behind on your real estate taxes, more complex situations like that, then we’re going to file a Chapter 13.
The whole purpose of the Chapter 13 is to get you under control so that every debt collector can get paid what they’re entitled to under Chapter 13 bankruptcy. Generally speaking, everyone gets paid over a term of up to five years, at the shortest three years. The exceptions of course are your unsecured creditors, including your credit cards, your medical bills, your credit lines; they are going to take a hit. Our goal is to save you from 95% of that debt. You can pay back that 5% over five years.
Benefits of Declaring for Bankruptcy | Will It Ruin My Life?
One thing people worry about when they think about bankruptcy is that it’s the end of their life, whereas actually what they learn throughout the process it’s actually the beginning of a new stage or chapter in their life. The preconceived notion is that they’re going to lose everything. Actually, the only thing that they lose is their debt. For Chapter 7, we wipe out the unsecured debt, and they keep their assets. If they’ve got too much equity in their assets, then we look at a Chapter 13 to save those assets. Other good reasons to file a Chapter 13 would be that you’ve got tax problems. It doesn’t matter if it’s real estate taxes or income taxes, we can resolve those issues, and if you’re behind on a vehicle or it’s even been repossessed, as long as it hasn’t been sold, I can file Chapter 13 and get that vehicle back for people.
Contact Our Office
If you want help filing for bankruptcy, please call our office today. We offer free initial consultations with our Jamestown attorney Scott Humble.
Generico De Propecia Farmacia Online cialis generic name How Long Does Zithromax Last