Demorest Bankruptcy Lawyers
If you are drowning in debt and collectors are harassing you, filing bankruptcy could provide relief and give you a fresh start. Sometimes, life throws unexpected changes and challenges at you that are out of your hands. Things such as a divorce, layoffs, or a medical emergency can set you back and cause your bills to pile up quickly. Bankruptcy laws are complex, and an experienced Demorest bankruptcy lawyer could help you navigate the laborious process.
Contact our experienced Demorest bankruptcy lawyers today for more information and schedule a consultation. A hard-working Demorest bankruptcy lawyer will answer your questions and concerns and walk you through the bankruptcy process.
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Demorest 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 allows for total liquidation if you need it. To qualify for a chapter 7, you must be below a predetermined income threshold income and must stay below the equity exemptions allowed for any real property you own. In a Chapter 7, debtors typically will not be required to repay their outstanding unsecured debts upon discharge. For chapter 13, you will be required to make monthly payments to pay off the amount of debt required according to your plan, and you will have the ability to cure the arrearage of secured debt on assets you can afford to keep.
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. In addition to the filing fee, you will also need to pay for your credit report and your Consumer Credit Counseling Course, as required by the court. Attorney fees for Chapter 13 cases are included in your monthly payment plan, and Chapter 7 attorney fees are set up on a monthly payment program. A qualified bankruptcy attorney will review your 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. It is always a good idea to file with the help of a knowledgeable Demorest bankruptcy attorney. 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 Demorest 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 we file your case and alert debt collectors, they will stop calling or sending any mailings while you complete the process.
A Demorest 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 Demorest bankruptcy lawyers to schedule a free consultation.