The term “bankruptcy” used to mean that an individual couldn’t manage his financial affairs and it carried quite a social stigma. Fortunately, these days, taking advantage of the bankruptcy laws is an accepted, practical method of dealing with debt that become too overwhelming to be resolved any other way. These circumstances are the reason that these laws were enacted in the first place. These laws can, however, be very complex, and require someone who is not only knowledgeable about them, but who also keeps up with the constant changes to these laws. This is when you need a Bankruptcy Attorney in Lancaster County.
During a free consultation, your Bankruptcy Attorney in Lancaster County will gather the pertinent information regarding your current financial status and determine the best legal path for you. Bankruptcy may be the best solution, but there are alternatives and your attorney can explain them. One alternative is a debt consolidation plan. These can be helpful under the right circumstances, but there are several facts you need to know; interest rates can still be very high, not all creditors will agree to take part in these plans, and there will be fees charged for the service even though the creditors themselves may be running the plan. In most instances, bankruptcy is the quickest path to financial recovery.
There are several different types of bankruptcy that an individual may take advantage of, but whichever type your attorney feels is best for your circumstances, as soon as it has been filed it will invoke an automatic stay, which will stop your creditors from harassing you about payments until you have had a chance to work through all of the details of your bankruptcy. That means no more phone calls, letters or emails and no attachments or foreclosures.
Based on your situation, your Bankruptcy Attorney at The Law Offices of Going and Plank of Lancaster County will begin either chapter 7 or chapter 13 bankruptcy proceedings. He will explain in easy-to-understand terms what the differences are, what your obligations will be, and will keep you in the loop throughout the case. If you have any questions or concerns, he will make himself available to address them.
Since 1956 The Law Offices of Going and Plank in Lancaster, PA have been serving the legal needs of the community and if you’ve become overwhelmed with unforeseen financial problems, they can put their experience to work for you.
