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It is important to find a bankruptcy attorney when you believe this is the action you need to follow. You will learn the bankruptcy laws. You will also have all of the large amounts of paperwork completed correctly. Your attorney will assure that the procedure goes smoothly.

Consultation – Schedule a consultation with the Bankruptcy lawyer you have accumulated. An understanding Richmond bankruptcy lawyer will listen to your concerns, yet will not charge you for a first visit.

Chapter 7 – This is the most commonly preferred bankruptcy option. It involves the liquidation of a debtor’s assets. As a person applies for a bankruptcy petition, the court appoints a trustee who evaluates the value of a debtor’s non-exempt assets and liquidates it to pay off the creditors. Exempt property of a debtor cannot be liquidated.

I asked them to send me a letter verifying this debt and stating when the statute of limitations ends. She said “sure” and took down my address and phone number. We haven’t heard from her since, and probably never will.

One of the reasons to call a Chapter 7 bankruptcy attorney is to get your home’s mortgage back on track. Often, individuals find themselves struggling to get bills paid. They have to decide what to pay first. If you are trying to keep up on credit cards and, as a result, you are falling behind on your mortgage, now is the time to get help financially. If you are missing utility payments because creditors are hounding you for payment, contact an attorney to help you.

My friend, taking those first steps to getting help with your debt is actually easier than you probably think. Every day thousands of people just like yourself are facing financial ruin, and searching for ways to be debt free.

The initial meeting, or consultation, with a domestic attorney near me will provide you with outstanding information and give you a game plan to follow to get this process over with. Keep in mind that this is a meeting with the lawyer to discuss your case. Unless you plan to file that day, you generally will not pay any fees for this meeting. However, it is one of the best opportunities and methods for gathering information about both the process and the lawyer.

In addition to a debt loan consolidation, you can also opt for a debt management plan to eliminate debt. The counselors of a debt management program will request a reduction of interest rates from your current lenders. Also, it might be possible to get rid of some fees too. Making these requests will make your monthly payments much more manageable.