Whatever the reason that led you to bankruptcy, there are steps you can take to recover you life and your financial security. The first step is hiring a lawyer who has experience handling people with debt problems like yours. If the majority of your debt stems from medical bills, be sure you work with a lawyer who has helped people resolve doctor and hospital-related debt. Likewise, if you are in debt due to consumer credit or a judgment against you, working with an attorney who knows how to clear those kinds of debt effectively will give you a better chance at recovering from your financial troubles.
While you are waiting for your debts to be discharged through the court, your attorney can provide additional Bankruptcy Assistance in Indianapolis IN. If you are filing for Chapter 13 in hopes to be able to keep your home and other property, your lawyer can explain the process to you and may tell you what to expect as you go through the three to five year repayment period. While living on a tight budget may be stressful, the advice from your attorney may help you get through it and emerge from your bankruptcy in a much better financial position.
There are several ways an attorney can provide Bankruptcy Assistance in Indianapolis IN. One of the most important roles of an attorney is helping you decide whether to file under Chapter 7 or Chapter 13. Many factors should be considered and your attorney may bring up points you didn’t think of on your own. For example, while Chapter 13 will allow you to keep your home and catch up on late mortgage payments, many lenders allow people who have had a Chapter 7 bankruptcy discharged for a few years apply for a new mortgage. If you don’t think you’ll be able to comply with a Chapter 13 repayment plan, you may still be able to purchase another home in three years.
Many people choose bankruptcy as a way to get out of an unmanagable debt situation. The Wright Law Group of Indianapolis helps clients who are deep in debt and need assistance getting their finances in order. The attorneys offer guidance and advice throughout the process to help their clients recover and restore their credit.
