How to Get Help From Bankruptcy Attorneys

February, 2014 by Alma Abell

Dealing with debt is something many people go through in their lives. Mountains of debt can cause undue stress in your life. Dealing with harassing phone calls, wage garnishments and the threats of being sent to court can be more than you can stand. To try and get out of your debt, you can try to contact the creditors you owe and see if they are willing to work out arrangements with you. Some creditors are willing to work with you so you can pay down your debts, while other companies seem unwillingly to help. If you have tried to do all you can to eliminate your debt and are finding no relief, you may need to work with Bankruptcy Attorneys. Through these attorneys, you can file for bankruptcy and pay off your debts so you no longer have to deal with them.

What Happens When You File for Bankruptcy?

To file for bankruptcy, you will need to first meet with your lawyer. You should plan on bringing in all of the information on the debts you owe, your monthly income statements and information on the assets you own. This will assist the attorney in making the decision on which type of bankruptcy you should file for. There are two main types people file when it comes to bankruptcy. They include:

Chapter 13 — This type of bankruptcy allows you to pay down your debt over a period of three to seven years. You will be required to make a monthly payment through the court, which will be dispersed through to your creditors. You will be allowed to keep all of your property, but you must make sure you pay your payment each month or your bankruptcy could be revoked.

Chapter 7 — This type of bankruptcy is available for people who want a quick option. Your assets will be liquidated, to pay off your debts. This can be accomplished in about six months. You will also be required to undergo credit counseling.

If you are in way too much debt and need help, contact Carlton Legal Services and find out how they can assist you with overcoming your debt.


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