Those who feel they are drowning in debt can have a difficult time trying to find a way out. Often, a loss of a job or an unexpected injury or illness can cause you to become overwhelmed with debt. The threatening calls and letters can sometimes be more than you can handle. If you are in this situation, there is hope. You have the right to file for chapter 13 bankruptcy. Through this right, you also hold the right to hire Chapter 13 Bankruptcy Lawyers to help you.
Chapter 13 bankruptcy is one of two types available for consumers to file. This type of bankruptcy helps you to settle your debt by paying it down over an extended period of time. To get the process started, you will need to first contact the Chapter 13 Bankruptcy Lawyers and schedule a consultation appointment.
At this appointment, you will need to bring information on any debts you owe and your income. The lawyer will look through the debts and list them each on your bankruptcy papers. If for any reason you do not list a particular debt, you will be held responsible. This means the creditor will have the right to pursue you under the law. They may garnish your wages or take you to court.
If your debts are listed, the creditor cannot contact you in any way. This is why it is crucial you are thorough and work to make sure every debt is listed. Once listed, the monthly payment you are required to pay will be determined by your monthly income. As you pay each payment, the money will be distributed among all of the debts listed. This will allow you to pay down your debts over a period of a few years.
Through Hitchcock & Associates P.C, you can receive the legal help you are in need of so your debts can be properly taken care of. There is no reason for you to struggle through your debt alone when a lawyer can help. Call them today and learn more about your options for filing for consumer bankruptcy. Get more info HERE!
