When a person is experiencing financial problems it can make for quite the stressful scenario all the way around. You are having to deal with getting harassing phone calls from debt collectors at home and on your job. You also have to get endless supplies of threatening letters from these same collectors, that often resort to highly illegal ploys to scare you into giving them money that you don’t have at your disposal. You don’t have to live life this way when there’s legal help that’s readily available to you.
This Bankruptcy Lawyer in Valdosta can offer you the help you’re so desperately needing. They will advise you on what type of bankruptcy will be the best fit for you. For personal bankruptcy there are two types that most people choose from. There is a Chapter 7 bankruptcy that allows for a total liquidation of your debts, thus giving you a fresh new start. You can only file a chapter 7 once every eight years. The only debts that can’t be discharged are student loans and income taxes owed.
For those that are suitable candidates for a chapter 7, then there is the option of filing for a chapter 13 bankruptcy. This Bankruptcy Lawyer Valdosta will be able to properly advise you of that. A chapter 13 means you consolidate all of your debts and pay them out through the trustee. Car payments, mortgage payments, credit cards, medical bills, and other qualifying debts can be paid at a drastically reduced interest rate. You can even include income taxes owed in this type of plan.
