When your finances are in a mess and you are dealing with more debt than you can afford to pay off, it can be difficult to know where to turn to for help. Unfortunately, the bill collectors can be ruthless in their attempts to get their money. They will threaten to garnish your wages, take you to court and even seize your assets. Though there are only certain things they can do to collect their money, they do have the ability to pursue you in court. This is why it is important you get help from a Rockville MD Chapter 7 Bankruptcy Attorney. Through the help of an attorney, you can overcome your debt and get the financial help you need.
Chapter 7 allows you to be absolved of many of your debts, if you meet certain criteria. You will need to have your income verified to make sure it does not go above the median income in your area. If you meet the requirements of chapter 7, the process can be started through your attorney.
Chapter 7 is the fastest way to get rid of your debt. A third-party trustee will be placed in charge of your bankruptcy. If you meet the criteria and do not have any non-essential property, the trustee may be able to absolve some or all of your debts. This will depend on the type you owe.
To find out if you are eligible for this bankruptcy type, it is a good idea to schedule a consultation appointment with a Rockville MD Chapter 7 Bankruptcy Attorney. This will allow your attorney to look over your financial records and the debts you owe. If Chapter 7 bankruptcy is not beneficial for you, your attorney can help you pursue other options.
If you have been dealing with debt and are finding it impossible to get out of, consider talking with an attorney and learning about your options for filing for bankruptcy. This can help you to get out of debt quickly so you can have a brighter financial future. Contact an attorney today so you can get started on the process.