With the constant rise and fall of the economy, it’s easy to see how one can get behind on their payments. With job losses, reduced pay, and even having to stop working for a period to recover from an illness, many people are going through a period of financial difficulty. In many cases, it’s hard to overcome financial problems without help. This help can come in the form of a bankruptcy when a person can’t find another way to repay all of their debts.
Bankruptcy is one of the many legal areas that should not be approached without the advice and help of a bankruptcy attorney in Washington Indiana. While a person can fill out the paperwork and file it on their own, it must be done completely and accurately. If not, the entire bankruptcy case can be denied. Also, when you work with an attorney, they can help reduce the stress you’re feeling by fielding all calls from debt collectors and freezing your assets so that they cannot be taken by a debt collector. This gives you the chance to work through the bankruptcy without having to worry if your wages will be garnished or your home will be foreclosed on.
Along with the above help, your bankruptcy attorney in Washington Indiana will also be able to help you decide what type of bankruptcy will work for you. If you do not own a business, you will choose between a Chapter 7 bankruptcy or Chapter 13 bankruptcy. Those who own a business may go through other chapters of bankruptcy depending on if the person who owns it is going bankrupt, if they want to restructure their business to save it, or if the business is going bankrupt. Each of these chapters is very different from the other, so it’s important that the person filing for bankruptcy has the understand of which chapter is the right one in their case.
If you’re considering filing for bankruptcy, you shouldn’t do it alone. For the help and advice you need to get you through the bankruptcy process, turn to a lawyer such as one from the Feavel Law Office. You’ll be able to work closely with your lawyer to make sure that you have everything you need for the bankruptcy to be completed without any difficulties.
