You should only answer this question after meeting with a qualified, experienced bankruptcy attorney. Filing bankruptcy is a major decision and choosing a bankruptcy solution is not something you should decide on your own. While a bankruptcy solution can provide you with relief from debt, it could also raise other financial issues you are not prepared to handle if you choose to file bankruptcy without an attorney. A bankruptcy solution may be the answer to your financial problems but only after we discuss several important questions.
Questions to Discuss Regarding a Bankruptcy Solution
Before deciding if filing bankruptcy is the best solution for you, we will discuss several questions to determine the course of action that will give you the outcome you desire. First, we need to discuss the advantages and disadvantages of bankruptcy. While filing bankruptcy does have a great deal of advantages, there could be some issues we need to address based on your specific financial situation.
The second step would be to determine if you are eligible to file bankruptcy and, if so, what chapter of bankruptcy you are eligible to file. Depending on your specific financial situation, the chapter of bankruptcy you are eligible to file may have disadvantages that make a bankruptcy solution unattractive. This only occurs in rare cases and leads us to the discussion of your bankruptcy alternatives. Even though you may qualify to file bankruptcy, we will discuss your bankruptcy alternatives and the pros and cons of a bankruptcy solution versus non-bankruptcy alternatives.
Once we have determined the best course of action for solving your financial problems, we will discuss the steps involved to make that happen. If a bankruptcy solution provides the debt relief you need with a positive outcome, we will discuss the steps in the bankruptcy process, the cost of filing bankruptcy and how filing bankruptcy will affect your personal life.
Filing Bankruptcy to Discharge Debts
The main reason you choose a bankruptcy solution is to discharge debts. When you complete your bankruptcy case, the bankruptcy discharge will release you from any legal liability to repay discharged debts. This gives you a fresh start to rebuild your life after a financial crisis. Regardless of the reason why you are in financial trouble, bankruptcy can erase your debts while protecting your assets. Very few non-bankruptcy alternatives are able to give you the same level of protection and results that a bankruptcy can give you.
Contact an Experienced Mount Holly Bankruptcy Attorney
Personal Approach, Professional Service, Affordable Payment Plans
The Law Office of Travis J. Richards, LLC is a full-service Mount Holly bankruptcy law firm focused on Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, debt consolidation, credit repair, tax liens, student loans and foreclosure. We represent clients in Burlington County and throughout South Jersey.
Contact our office at 609-267-5297 to schedule your free consultation to discuss bankruptcy and non-bankruptcy alternatives. You may also use our convenient online contact form and one of our friendly, professional staff members will contact you to answer your bankruptcy questions and/or schedule a free consultation with Travis J. Richards.
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