Over the years, a wave of bankruptcies and foreclosures appears to be building. It has only intensified as more and more claims are filed, especially for chapter 9 bankruptcy. People are struggling financially, and sometimes bankruptcy is the best option for them to get out from under the financial burdens. Understanding the process involved, the various bankruptcy service options available, and what happens after are all critical parts of the puzzle.
A chapter 9 bankruptcy attorney can put to rest many of the misunderstandings and misconceptions about bankruptcy, such as what a person who files for bankruptcy ends up paying and how much legal services costs in your area. Anyone about to go bankrupt needs to find a skilled and reputable finance lawyer to help them see if bankruptcy is right for them.
If you’re facing admission to bankruptcy court it’s vital that you know what your rights and responsibilities are and find a reputable legal team to represent and support you in court. Contact your local law firm today and ask to speak with a financial attorney who has experience with bankruptcy cases.
It might seem like few people file for bankruptcy — but in reality, it’s more common than you think. In 2013 alone, approximately 728,833 people filed for Chapter 7 bankruptcy, and another 333,626 filed for a Chapter 13 bankruptcy with a Chapter 13 bankruptcy attorney.
If you are finding yourself overwhelmed by the amount of debt you have, you may be wondering how to file bankruptcy, or if bankruptcy is even right for you. To find out if you should look into filing a Chapter 7 bankruptcy, just read the four tell-tale signs below.
Here are four signs that show you may need to file a Chapter 7 bankruptcy:
1. You are using credit cards to make your debt payments: If you are getting into more debt just by trying to pay your existing debts off, then you aren’t able to pay off your debt — it’s that simple. At this point, the only way to start over with sustainable financial decisions is to file a Chapter 7 bankruptcy.
2. You receive constant creditor harassment: Are the only phone calls you receive from debt collectors wondering where your monthly payment is? If so, filing for bankruptcy is the best way to get instant protection from debt collectors and creditors. The relief you’ll feel from no longer receiving communications from them will make a Chapter 7 bankruptcy well worth it.
3. You are at risk of foreclosure or having your car repossessed: There are some things you can live without, but you can’t live without you house and car. If you are in so much debt that your house might be foreclosed or your car might be repossessed, it’s time to consider filing a Chapter 7 bankruptcy.
4. You want to have a new start on your finances: We all need a fresh start every now and then, and a Chapter 7 bankruptcy is the best way to start anew with your financial records and to rebuild it the right way.
If you find yourself relating to any of these things, it may be time to seek bankruptcy help from a qualified Chapter 7 bankruptcy attorney near you. You deserve to live without the stress of being in over your head with debt, and a Chapter 7 bankruptcy can help you achieve that. For more about this, go here.