Need Bankruptcy Help? Consult a Consumer Bankruptcy Attorney Today
Are you behind in your payments? Worried about having enough money to put food on the table? Do you cringe every time the telephone rings, praying it won’t be collection services? Have you tirelessly tried and failed to get out of debt?
Consumer bankruptcy is a term used to describe bankruptcy that is available to individuals and married couples that have incurred typical, non-business debt, such as those debts related to homes, cars, credit cards, medical bills. Consumer bankruptcy types available to individuals and married couples include Chapters 7 and 13, although in some instances it may involve Chapters 11 or 12.
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Consumer bankruptcy is a mechanism individuals can use to restructure debt obligations, get out from under high interest rate loans such as credit cards, medical bills, car loans, and other debts, or restructure loan payments such as past due car or house payments. The goal of a consumer bankruptcy filing is to provide the individual with a fresh start which is designed to leave more money in your pocket and less in the hands of your creditors. The actual process, time, and mechanism that will work best for you depends on your particular facts and circumstances.
Don’t feel ashamed of your predicament as financial difficulties befall all of us, even money experts. Almost 800,000 people filed for chapter 7 or chapter 13 bankruptcy in 2018 alone. Additionally, once you’re in heavy debt, it can feel nearly impossible to get out. The bankruptcy process is clouded with misconceptions and can seem overwhelming to some. With the right help, bankruptcy can allow you to move past your debt and secure your financial future.
Why File for Consumer Bankruptcy?
Bankruptcy places a stay on debt collection and gives you a fresh start while allowing you to retain many of your assets and possessions. After you’ve successfully filed, you can continue with your life and feel more secure with your financial future. If you’re so far in debt that it seems you’ll never see the light at the end of the tunnel, then bankruptcy may be your best option.
How Does the Process Work?
The processing time for each bankruptcy case is different depending on your specific case, and you must take into account whether you plan on filing Chapter 7, Chapter 11, Chapter 12, or Chapter 13. Until you fully disclose your financial situation to a consumer bankruptcy attorney, the processing time will be difficult to determine. The process is similar for all chapters, but with different steps.
A Consumer Bankruptcy Attorney Will Fight for You
Once you’ve decided to file for bankruptcy, you’ll need a consumer bankruptcy attorney to assist you through the legal process. Here at Ivey McClellan, you are our priority. Our consumer bankruptcy lawyers will do everything in their power to absolve your debt, and help guide you through the often confusing bankruptcy process.
When it seems like there are no other available options, it’s time to call our professional NC-based bankruptcy attorneys and get your life back on track.