Do you have more debt than money each month? Have you worked to try to get your debts paid off but are finding no gains are made? If you are dealing with tons of debt and cannot seem to find a way out, you may want to learn about your options for filing for bankruptcy through a Chapter 13 Bankruptcy Attorney. An attorney can go over your financial records and assist you in making the right decisions for your needs.
Filing for bankruptcy is not a difficult process, if you are prepared. The first step you will need to take is to contact a Chapter 13 Bankruptcy Attorney. The attorney will need you to bring in your debt information and proof of your income. These pieces of information will be used to decide what type of bankruptcy will best benefit your needs.
Chapter 13 bankruptcy is for individuals. This type of bankruptcy does not require you to submit any of your assets for auction. Instead, you will be required to pay a monthly payment that goes through the court. The payment must be paid each month so your bills can be paid down. Each payment you make is split up among those you owe. This helps to pay down your debt so you will owe nothing once the bankruptcy period is complete.
It is imperative you list all of the debts you owe on your bankruptcy. Should you fail to list any debts, the collectors can still pursue you as allowed under the law. This could mean your wages are garnished or you are taken to court. This can occur even if you are approved for bankruptcy. This is why it is in your best interest to be as thorough as possible in reporting your debts to your attorney.
To find out if chapter 13 is right for you, contact an attorney and schedule an appointment. The attorney can assist you in making important decisions in your bankruptcy case so you can get the best outcome. Through bankruptcy, you can have all of your debts paid off in a period of two to five years. For more info click here.
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