Did you ever feel like you wanted to hit the brakes on your financial situation so that you could wrap your head around all the phone calls, emails and letters telling you that you owed creditors money? Under federal protection you have rights in which you can file bankruptcy and get yourself a certain amount of time to get out from under your debt. Sometimes it is too hard to work on a plan to pay off your debts when you are struggling to get from paycheck to paycheck. Talk with a Bankruptcy Attorney in Marion, IL today if you need a break.
It may not even occur to you to contact a Bankruptcy Lawyer in Carbondale, IL because you don’t have money to pay your bills but it could actually end up costing you substantially more, not to mention years wasted trying to recover your credit, if you don’t hire one. You have options such as hiring a paralegal or even a legal secretary for a fraction of the cost of a lawyer however, they are not able to give you advice. Specifically, if it is personal debt that you owe, a licensed lawyer will be able to advise you as to whether you should file for Chapter 7 or 13.
If you are facing financial problems it is by no means a reflection of the type of person you are. Many more Americans are out of work today and falling behind in the middle income tax bracket then ever before. If you seek help from a Bankruptcy Attorney in Marion, IL it means that you have long term goals which you understand can not be achieved on your own. Hiring a lawyer means you get to put the brakes on your situation and figure out the best plan.
Chapter 7 gives you a complete fresh start on your finances after you have liquidated all possible assets you can in order to pay back your creditors. The other option, if you and your lawyer think it is viable, is to file for Chapter 13. 13 means that you reorganize your finances in which in some circumstances you have a different type of payment schedule as well as an extended schedule. The best parts in either one of these options is that you can put a halt on your current situation and get legal help in how to handle your finances moving forward.
