Get A Free Consultation From A Chapter 7 Bankruptcy Lawyer
Those who have found themselves in major financial hardship realize that they have options for getting out of all or some of their debt. On their own, they can opt for negotiating with their creditors for a reduction in interest rate or a grace period of a month or two to catch up.
If their credit is good but they are feeling strapped, they can go get a personal loan or home equity loan to consolidate their debt. With the help of a debt consolidation company working as a mediator, they can arrange different options with their creditors to settle for less than what they owe or make alternative payment arrangements. When none of these options will solve their financial crisis, filing for bankruptcy with a Chapter 7 bankruptcy lawyer becomes the most viable option.
Figuring out which method of debt relief is best can be tough. Sometimes a person's credit is too far blemished to qualify for a personal loan to consolidate their bills or they don't have enough equity to get an equity loan. For example, though negotiating with creditors alone may sound like the best place to start, often these companies ignore personal requests from people, especially when they don't know exactly what to say or how to ask for it.
This is where having the help of a professional debt management company comes in, but using their service costs. All of these options are great when an individual has the ability to pay back some, or most of their creditors.
What if their financial situation is so bleak that repayment of monetary obligations seems impossible? This is where visiting a Chapter 7 bankruptcy lawyer may be the only option for relief. Although lawyers are expensive, most of them offer free consultations for potential new clients.
Many people don't realize that their first meeting with their Chapter 7 bankruptcy lawyer will be free, and that in this meeting they will obtain enough information in order to decide if filing bankruptcy is their best option for relief. In the free consultation, the Chapter 7 bankruptcy lawyer will show the potential client what filing will and will not do for them so that they can make an educated decision about their financial affairs.
It is true that an individual can file with the court on their own, using forms and information found on the internet. The problem with this method is that the rules surrounding each type of individual bankruptcy are very complex, lengthy and hard for the average person to understand.
Making errors on the paperwork, neglecting to report certain information, or not understanding the extent of the law can mean exorbitant fines or even imprisonment. At the very least, it can mean that an individual doesn't get the full extent of relief to which they were entitled. As such, similar to any other legal specialty, it is best to have a professional who knows the ins and outs of the law to assist in filing correctly.
Overall, when one is experiencing bleak financial issues, visiting a Chapter 7 bankruptcy lawyer is the best thing to do. First of all, the first visit is a free consultation, so it will not set one back any money in order to go. Second, it will clear up any questions that an individual has about the process, what it will do, and how they can benefit from the protection.
Armed with the knowledge and understanding of their rights under the law, one can make the best decision for their personal circumstances.
Those who have found themselves in major financial hardship realize that they have options for getting out of all or some of their debt. On their own, they can opt for negotiating with their creditors for a reduction in interest rate or a grace period of a month or two to catch up.
If their credit is good but they are feeling strapped, they can go get a personal loan or home equity loan to consolidate their debt. With the help of a debt consolidation company working as a mediator, they can arrange different options with their creditors to settle for less than what they owe or make alternative payment arrangements. When none of these options will solve their financial crisis, filing for bankruptcy with a Chapter 7 bankruptcy lawyer becomes the most viable option.
Figuring out which method of debt relief is best can be tough. Sometimes a person's credit is too far blemished to qualify for a personal loan to consolidate their bills or they don't have enough equity to get an equity loan. For example, though negotiating with creditors alone may sound like the best place to start, often these companies ignore personal requests from people, especially when they don't know exactly what to say or how to ask for it.
This is where having the help of a professional debt management company comes in, but using their service costs. All of these options are great when an individual has the ability to pay back some, or most of their creditors.
What if their financial situation is so bleak that repayment of monetary obligations seems impossible? This is where visiting a Chapter 7 bankruptcy lawyer may be the only option for relief. Although lawyers are expensive, most of them offer free consultations for potential new clients.
Many people don't realize that their first meeting with their Chapter 7 bankruptcy lawyer will be free, and that in this meeting they will obtain enough information in order to decide if filing bankruptcy is their best option for relief. In the free consultation, the Chapter 7 bankruptcy lawyer will show the potential client what filing will and will not do for them so that they can make an educated decision about their financial affairs.
It is true that an individual can file with the court on their own, using forms and information found on the internet. The problem with this method is that the rules surrounding each type of individual bankruptcy are very complex, lengthy and hard for the average person to understand.
Making errors on the paperwork, neglecting to report certain information, or not understanding the extent of the law can mean exorbitant fines or even imprisonment. At the very least, it can mean that an individual doesn't get the full extent of relief to which they were entitled. As such, similar to any other legal specialty, it is best to have a professional who knows the ins and outs of the law to assist in filing correctly.
Overall, when one is experiencing bleak financial issues, visiting a Chapter 7 bankruptcy lawyer is the best thing to do. First of all, the first visit is a free consultation, so it will not set one back any money in order to go. Second, it will clear up any questions that an individual has about the process, what it will do, and how they can benefit from the protection.
Armed with the knowledge and understanding of their rights under the law, one can make the best decision for their personal circumstances.