If you are faced with mounting bills, loss of income, or any situation that threatens your financial security, you are probably thinking about whether or not filing for bankruptcy is the best choice for you. The only way to stop the calls from creditors day and night is either pay off those bills or file for bankruptcy. There are two different types of bankruptcy filings for individuals, a Chapter 7 or Chapter 13. Both stop the creditors from calling, but each one requires a unique set of qualifiers, debt pay back to the Trustee, and evaluation of any personal property you may own. To protect yourself and your property, contact a Bankruptcy Attorney in Richmond to assist you in the evaluation of your situation and to help you make the best choice that is right for you.
Often initial consultations are free. Your Bankruptcy Attorney in Richmond will provide you with some guidelines, introduce you to the bankruptcy rules for the state, and give you an idea of documentation, requirements, and time-line that will be relevant to your particular situation. With a chapter 7 bankruptcy requiring the lesser amount of time from an attorney, the retainer fee is usually significantly less than the chapter 13. But, if your best option for keeping your home, vehicles, and personal property intact is a chapter 13, you might find the investment of filing chapter 13 more reasonable.
Only you can make the final determination of how to protect your assets and stop the creditors from calling. Filing for bankruptcy can help you back on the path to financial solvency and remove the stress of answering the phone or opening your mail. You are not alone in your financial despair. Many people, young and old, file for bankruptcy due to some force that caused financial difficulty. You are not the only one who lost a job, have enormous medical bills, or had unforeseen expenses that were not controllable by you. Bankruptcy is filed by very responsible and respectable people that found themselves in financial trouble. Before you think about sending your creditors even one more dollar that could otherwise be used to put food on the table, speak to a bankruptcy attorney in your area.Click Here
