Losing control of your finances can be an overwhelming feeling. Many people start out with every intention of paying all of their bills on time, but the circumstances of life sometimes get the best of them. Fortunately, there are laws in place that allow troubled consumers to dig their way out of a financial hole. Filing for bankruptcy can bring much needed debt relief and Stop Creditor Collections In Dayton Oh, but only when it’s executed correctly. Here’s why families considering Chapter 13 bankruptcy should hire a qualified attorney to help make sure that happens:
1. When it comes to filing a bankruptcy petition, the consumer has their own responsibilities. For example, many filers are required to attend an approved credit counseling class and turn in a completion certificate at least 180 days before opening a case, and failure to do these things can result in case dismissal. For this reason, it’s best to talk with a lawyer as soon as you know you want to file bankruptcy so that you can make sure you aren’t doing anything to jeopardize your case.
2. If you’re filing a Chapter 13 petition, you should plan for a lot of complications. You’re going to have to create your own repayment plan based on your disposable income, and that plan has to be approved by the court. Unfortunately, this can prove to be very difficult if you aren’t well versed in the legal complexities that may affect the approval decision. Your attorney can help you put together a solid repayment plan so that you can avoid having your case dismissed.
3. Consumers who have fallen into the trap of applying for additional home mortgages that they cannot afford to pay may be surprised to learn that it is possible for them to qualify for lien stripping so that these extra loans are discharged in the bankruptcy case. Having a lawyer both ensures that you’ll find out about lien stripping and that you’ll know to file the additional motions required for it.
Research shows that many Chapter 13 bankruptcy petitions filed without the help of an attorney end up in dismissal. A knowledgeable lawyer can not only help you Stop Creditor Collections In Dayton Oh, but they’ll be a reliable source of information and assistance throughout the entire process to give you the best chance of getting the financial relief you need to get back on your feet.
