If you live in Lebanon Pennsylvania and you are like many other people whose finances have gotten well beyond your ability to handle then you know how difficult this time could be. They can rob you of any sort of joy you have in your life, it can keep you awake at night worrying about how you’re going to pay your bills and you may spend a great deal of your time trying to avoid correspondence and phone calls from creditors looking for their money. If you’ve tried everything you possibly can to make proper financial restitution to your creditors but you’re still coming up empty, then it may be time to consult with a bankruptcy lawyer in lebanon.
When you consult with an attorney such as the bankruptcy attorneys you will find at The Law Offices of John M. Hyams, you will have the opportunity to explain your financial situation and get a legal opinion on what if anything you can do to help rectify your situation through bankruptcy. In most cases, especially those extreme cases, there is a bankruptcy solution out there, it’s just incumbent upon you to find the right filing for your situation. Fortunately, with the help of bankruptcy attorneys, they can steer you in the right direction to find the bankruptcy filing is going to work best in your situation.
The next question you may have for your attorney is how long will the process take. A lot depends on the type of filing your making for bankruptcy. For example, chapter 7 will effectively liquidate most if not all of your credit debt. You may be required to sell some personal assets in order to repay creditors but typically, your existing debt will be wiped out. This process can take anywhere from 4 to 8 months. Chapter 13 on the other hand is a repayment plan at a reduced amount of your overall debt and this process can take anywhere from 3 to 5 years.
Regardless of what type of filing is right for you, you need to know that you don’t have to deal with the anxiety and worry over how you’re going to keep paying your bills. If your situation has grown this dire, then it’s time to consult with a bankruptcy attorney and work towards getting your financial life back on the right path.
