As an American citizen, it is your right to file for bankruptcy when you are unable to overcome your debt. Many people these days are dealing with overwhelming amounts of debt, making it difficult to get back on their feet financially. If you have tons of bills, credit card debt or are dealing with the high cost of medical treatment, you may find it impossible to pay down your debts. Instead of ignoring the problem, it is important you are proactive and weigh your options. One of the options you have, is to hire a Chapter 7 Bankruptcy Attorney In Greenbelt MD. Through chapter 7 bankruptcy, you can overcome your debt in a small amount of time so you can get on with your life.
Chapter 7 bankruptcy is the fastest form allowed under the law. Most people are able to settle all of their debts within a six month period, though this can vary according to the amount of debt you owe. To find out if you are a good candidate, you will first need to meet with the Chapter 7 Bankruptcy Attorney In Greenbelt MD. It is important you bring information on all of the bills you owe, your monthly income and any assets you own. These will all be surveyed to find out which type of bankruptcy will fit your needs.
If the Chapter 7 Bankruptcy Attorney In Greenbelt MD feels this option is for you, you will have all of your assets liquidated so your debts can be paid off. You are not required to sell your residential home, furniture, car or clothing. Any other property will be auctioned off under the direction of a court-appointed trustee.
The trustee will work with your creditors, to get them paid as soon as possible. In some cases, the trustee may be able to absolve a portion of the debts you owe, depending on the circumstances. This helps to settle all of your debts as quickly as possible, so you can be free of the financial burden.
If you are dealing with way too much debt and need help, contact a lawyer today. Through a lawyer, you can learn more about your options for filing for bankruptcy, so you can make the right decisions for your needs. Visit Law-margulies.com for more details.
For latest updates follow us on Facebook.
