When it comes to a person who is struggling with financial debt, they are always going to be in a constant state of stress. It doesn’t make for a good day when you have debt collectors calling you all the time and constantly harassing you. The stress multiplies from there when they make a call to your job, and your coworkers suddenly get wind of your personal business. Then you come home from a hard days work only to check the mail and get a mailbox full of threatening letters from the same annoying debt collectors that call you.
No one who is going through a situation like this should not have to live this way. Things happen in life that cause debt to pile up, and it’s of no fault of your own. Continuing to blame yourself isn’t going to get anything resolved. However, when you make an appointment for a free consultation with a Bankruptcy Attorneys Frederick, you can start the steps towards rebuilding your financial future again.
When you consult with a lawyer with Bankruptcy Attorneys Frederick, you will be thoroughly be advised on what type of bankruptcy will suit you the best. If it’s just for yourself, it’s more than likely going to be either a Chapter 7 or 13 bankruptcy. A Chapter 7 is a liquidation of all your debts with the exception of student loans, which will be put on hold until the end of your bankruptcy. A Chapter 13 is when you consolidate all of your debts and make them through one payment through the Trustee. In a Chapter 13 it can save your car from being repossessed, your home from being foreclosed, and drastically reduce the interest rate on medical bills and credit cards. It can also take care of any judgments that are on your credit record.
Filing for bankruptcy isn’t the social stigma it used to be. There are millions of people that do it every day. It can’t hurt a thing in at least talking to one of these legal professionals to see if filing for bankruptcy is right for your individual situation.