Finding yourself overwhelmed with debt can be devastating. You have stacks of bills, email reminders, and your phone is always ringing from bill collectors. It may seem that there is no relief in sight. You have considered a debt restructuring program, but the fees are very high and the results are never guaranteed.
It may be time to consider bankruptcy.
Bankruptcy is a form of debt relief that provides you with a chance to start fresh financially. It is a way that you can eliminate most, if not all, of your outstanding debts and stop all of the harassing phone calls. Bankruptcy is a way to take charge of your finances.
What Options Are Available For Bankruptcy Relief?
There are several types of bankruptcy relief that you can use to improve your financial situation. The most common forms of bankruptcy are Chapter 7 and Chapter 13. To understand which of these bankruptcies are to your best benefit, you should speak with our local Concord bankruptcy attorney about your debts.
Chapter 7 Bankruptcy is a complete bankruptcy. This means that most of your debts are eliminated. Some debts, such as tax debts or student loans, cannot be included in a bankruptcy.
Chapter 13 bankruptcy allows you to restructure your debts so that you can repay them according to your financial capabilities. This is designed to help people who own a home and do not wish to lose it because they are behind on their payments. You will need to work with your attorney to determine which chapter of bankruptcy fits your needs.
When you need personal bankruptcy help, a debt relief lawyer will always be the best place to find your answers. A debt relief lawyer will be able to instruct you on your best options for conquering your debts.
Bankruptcy Is A Way To Take Charge Of Your Finances
Everyone, at some point, faces financial difficulties. Things happen in life that cannot be controlled. Using bankruptcy as a form of debt relief when things become too hard to manage is the right choice. You can eliminate your unsecured debts and start fresh, allowing you to regain control over your finances.
The bankruptcy will not prevent you from reestablishing credit in the future. While some creditors may require that there is some time between filing bankruptcy and establishing new credit, this period is not very long. In fact, many mortgage lenders will approve a mortgage within 18 months of a bankruptcy.
When you speak to a local bankruptcy attorney about your finances, you can find out more about how it will immediately impact your credit and how it will affect it in the future. You will be surprised at how quickly it is to overcome a bankruptcy filing and move on with good credit in the future.
For personal bankruptcy help, contact our office today and begin to take charge of your finances.