With many debt relief options available, both privately and through the government, it may be overwhelming to choose which one is best for you. While there are many viable options for many different people, Chapter 7 bankruptcy is often the best choice for people in need of debt relief. The primary reason so many people may choose Chapter 7 bankruptcy is because of how many debts can be discharged through the bankruptcy process. From credit card debt, medical bills, and even some secured debts like your mortgage, you may be able to discharge all sorts of debts that help you start from scratch. Consult with a bankruptcy lawyer to explore your options and see if Chapter 7 bankruptcy is right for you.
How Can Filing For Chapter 7 Bankruptcy Negatively Impact Me?
There are some drawbacks that you should take into consideration when it comes to filing for Chapter 7 bankruptcy. Some drawbacks include potentially losing your house if you believe discharging your mortgage debt is in your best interest. On top of that, your credit score will take a major hit. It may be a while before you are able to apply for lines of credit and even if you are able to secure a line, the amount given to you may not be enough for your needs.
Can a Bankruptcy Lawyer Give Me Advice About What I Should Do?
One of the best things you can do is talk to a bankruptcy lawyer about the pros and cons of Chapter 7 bankruptcy. A bankruptcy lawyer can provide you with answers to any of your questions or concerns about the bankruptcy process. Many lawyers offer free consultations so it has never been easier to see if Chapter 7 bankruptcy is the right move for you and your family to start all over again.
Will a Bankruptcy Lawyer Oversee My Bankruptcy Case Until the End?
You may be hesitant about filing for Chapter 7 bankruptcy or nervous about going through the process alone. Luckily our team at Holland Law Office is ready to help with every facet of your bankruptcy. We know how intimidating the process can be, especially since there are certain unknowns in your future. Our legal team will make sure that the bankruptcy process never becomes overwhelming and that you stay informed every step of the way. Call us today at 970-232-3097 to schedule a free consultation and take the first steps towards financial freedom with our team by your side.