Chestnut Mountain Bankruptcy Lawyers

There is bankruptcy legislation in place to help individuals who are deeply in debt and have financial difficulties. While the thought of filing bankruptcy may be overwhelming, you will receive some relief almost immediately. When you get behind with creditors, you may feel many emotions, including shame and fear. The good news is, you have options.

A seasoned bankruptcy lawyer in Chestnut Mountain can assist you with the filing process and help you get your finances in order. Contact our Chestnut Mountain bankruptcy lawyers to schedule a meeting if you are behind with your bills and in debt.

Bankruptcy Areas of Law in Chestnut Mountain:

Expert Legal Counsel in Chestnut Mountain:

Chestnut Mountain Bankruptcy Law Q&A

Is chapter 13 or chapter 7 bankruptcy the right choice for me?

The type of bankruptcy you file will depend on many factors, including your desired outcome and whether you qualify for a chapter 7.  Chapter 13 is for the reorganization of your debt, while chapter 7 is for total liquidation. To successfully file a chapter 7, you must meet income requirements and you may need to give up some assets in the bankruptcy process if you cannot afford to keep them. Yet, the law will not require you to repay the debts upon discharge. For chapter 13, you must make monthly payments sufficient to pay off any secured debts you want to keep and any unsecured debts you are required to pay according to your ability to pay.  You will not be required to surrender any property, as long as you can afford to pay it current within the 5 years of time allotted to complete the case. 

What are the total costs of filing bankruptcy?

Filing fees for filing bankruptcy in this state are $338 for chapter 7 and $313 for chapter 13. There will also be attorney fees, credit report fees and a credit counseling fee.  A qualified bankruptcy attorney can cover the legal fees and the total costs to file during your free consultation.

Do I need a lawyer to claim bankruptcy?

Everyone can file their bankruptcy case pro se or without the help of an attorney. However, the filing process is complex, and there are long-term legal and financial consequences.  Filing a Chapter 7 case could cause you to lose your home if you are not aware of the rules regarding home equity exemptions for instance.  It is always a good idea to file with the help of a knowledgeable bankruptcy attorney in Chestnut Mountain. A skilled legal professional can ensure the legal work is correct and you file within the strict bankruptcy laws and regulations. 

Contact Our Burrow’s Chestnut Mountain Bankruptcy Lawyers Today

Getting behind with your bills is highly stressful. The stress can feel overpowering when bill collectors are calling you every day and night. Filing bankruptcy will alleviate some of that stress almost immediately. After you file and alert debt collectors, the law will prevent them from calling or sending any mailings while you complete the process.

A Chestnut Mountain bankruptcy attorney will help you go through your finances and formulate the best plan of action in your situation. If you are behind with bills and considering filing for relief, contact our experienced Chestnut Mountain bankruptcy lawyers to schedule a free consultation.

 

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