The economy in the United States has not been solid for the past few years, causing many citizens to look into different options to help them with their debt. Many have filed Chapter 7 Bankruptcy in Lebanon and other places in Pennsylvania and the rest of the country.
Declaring Chapter 7 can help consumers who are inundated with unsecured debt including credit card bills, utility bills, medical bills, payday loans and more. In order to qualify, you must meet the requirements, obtain credit counseling and take a debtor education course. The majority of people do qualify, and a bankruptcy attorney can assist with the process.
Financial hardships can affect people at every income level, and once you make the determination that you have too much debt and no real means of getting out of that debt, you should speak with an attorney familiar with the bankruptcy laws in your locality.
When hiring a bankruptcy lawyer, make sure he or she focuses on that type of work and is knowledgeable about the process. You should be comfortable sharing details regarding your income and debts with your attorney since without full disclosure of the facts of your situation, he or she will not be able to get your situation resolved properly.
Chapter 7 Bankruptcy – may be the answer to assist you in getting out of your insurmountable debt. Before risking the loss of your home or business, or garnishment of your wages, investigate whether or not bankruptcy is a good option for you. It may allow you to keep your possessions while you work at paying off your debt and begin on the road to financial security.
Meeting with an attorney fully familiar with bankruptcy laws is the first step in tackling your debt issues. Your lawyer will help you determine if you meet the criteria necessary to declare Chapter 7 Bankruptcy, will help you get the process started and will work with you until your issues are resolved.