What is the Role of a Bankruptcy Attorney?
Bankruptcy can be a major step toward financial freedom. While bankruptcy may not be for everyone, a lot of people use bankruptcy as a means to escape the stress that comes with dealing with significant debt. However, bankruptcy can be stressful in its own right. With so many options, documents, numbers, and even bankruptcy hearings to keep up with, you may be apprehensive to go forward with your bankruptcy due to the uncertainty and your lack of familiarity with the process. An experienced bankruptcy lawyer has dealt with many bankruptcy cases before and knows the process from the inside and out. They can be a valuable asset to you by analyzing your financial status and history, determining which bankruptcy chapter is best for you, figuring out a plan to repay your creditors, preparing all needed documents and keeping you on track from start to finish.
Will a Bankruptcy Lawyer Lower My Debt?
Facing the prospects of having to pay off a large portion of your outstanding debt can be difficult. Many times bankruptcy will eliminate most or all of your debts without any repayment by you. If your circumstances require some of your debts to be repaid a Massachusetts criminal defense lawyer may be able to put you in a court structured repayment plan, which will have you only pay a small fraction of those debts. . The benefits of having a bankruptcy attorney cannot be understated. Be sure to reach out to one to have a helping hand working for you every step of the way.
Can a Bankruptcy Lawyer Help Me with a Chapter 13 Repayment Plan?
If you have decided to file for Chapter 13 bankruptcy, you will be required to submit a repayment plan that you will need to pay monthly to the Chapter 13 bankruptcy Trustee. Your creditors will receive a share of this money from the Chapter 13 Trustee.. Submitting an effective repayment plan is important for not only your creditors but for yourself. An experienced bankruptcy attorney can take your income and expenses into consideration and advise you on how much debt you can afford to pay per month to your creditors. A bankruptcy lawyer may be able to alleviate your stress and your financial bind by giving you actionable advice.
Is a Bankruptcy Lawyer Worth It?
If you value your time, your peace of mind, and your future, you should consider obtaining an experienced lawyer for your bankruptcy. Hiccups and issues can arise at a moment’s notice during a bankruptcy. Having an experienced lawyer on your side every step of the way can make it incredibly easier to deal with your bankruptcy, headache-free. Our team at Contant Law, P.C. can help you stay on top of things and support you from beginning to end. No matter which type of consumer bankruptcy you are filing for, we have your back. For a free consultation, call our law office at 617-227-8383 today.