If you are facing financial problems, you are not alone. Millions of Americans are having problems making ends meet and some are having problems with even the necessities of life. Sometimes bankruptcy is the answer to financial problems. The following will cover when to Find a Bankruptcy Attorney In Washington County and how they help you during these trying times.
Out of Control Spending
If you have determined that your spending has gone beyond your income and means, your spending habits are out of control. While bankruptcy may not be the ideal solution for you, it is wise to seek help from an attorney before your debts pile up and you get sued for the money you owe. Your lawyer may advise you to go ahead with a bankruptcy including debt counseling which is commonly mandatory for this process, or advise you to seek credit counseling alone and pay off your debt while getting your spending under control.
Fear of Losing Your Home or Vehicles
If you have lost your job and are living on unemployment or have taken a job well beneath your income needs, you may fear losing your home and/or vehicles. Since these are basic needs for survival, you may qualify for a Chapter 7 bankruptcy which will discharge excess debt and allow you to keep your home and vehicle(s). Your lawyer will be able to advise you on the process and tell you if you are eligible for Chapter 7.
Get Organized and Restructure
Maybe you have enough money to pay your bills, but the payments and fees are getting overwhelming to you. You may be eligible to file for Chapter 13 bankruptcy. This is a form of bankruptcy that allows a business or an individual to restructure their debt and pay it off in three to five years. You make one payment to the lawyer and the office handles sending out the payments to each debtor for you.
These are valid reasons to at least Find a Bankruptcy Attorney In Washington County and request a free consultation to find out your options for debt relief. Bankruptcy offers several chapters/ways to help people get out of debt. Some are for businesses, individuals, or for industries like farming. If you are feeling the crunch of overwhelming debt, it is smart to at least find out your options.