In these uncertain economic times, a number of people in Concord, North Carolina, find themselves in need of bankruptcy debt help. These truly are men and women from all walks of life. When it comes to your financial issues, you need to understand the way in which a Concord debt relief attorney can be of crucial assistance to you.
You should be proactive in taking affirmative action to address your debt issues. Putting off effectively dealing with unmanageable debt will only make the situation worse.
Debt Relief Alternatives
Although bankruptcy may be an option for you, there may also be some alternatives available to you that may make more sense in your present situation. In many ways, bankruptcy is a procedure that represent the last alternative for you.
A bankruptcy law firm can consider your situation and share with you some other alternatives short of proceeding with a bankruptcy case. Indeed, a Concord debt relief attorney will discuss the positive and negative ramifications of different alternatives that may be available to you.
Filing for Bankruptcy
Depending on your specific circumstances, filing for bankruptcy may be the best course of action for you to take. A bankruptcy law firm will provide you information on your two bankruptcy alternatives.
A Chapter 7 bankruptcy provides you the ability to obtain a discharge from all, or at least most, of your debt. In other words, in this type of bankruptcy, you are relieved of responsibility for your debt.
A Chapter 13 bankruptcy allows you to pay off most, if not all, of your debt. The bankruptcy court establishes a repayment plan for you. The plan can extend out for five years into the future.
Retain a Concord Debt Relief Attorney
A debt relief lawyer stands ready to meet with you to discuss your case. You can contact our office today to schedule an initial consultation. There is no charge for an initial consultation with a bankruptcy debt help lawyer from our firm.
During an initial consultation, a bankruptcy lawyer will layout the different options available to you. You will also have the opportunity to obtain answers for any questions that you may have of an attorney from our firm.