It is not uncommon for a person to run into financial trouble at one time or another. For some people, the trouble is minor, and in time they can find their way out. For others, the problems are much more serious. If a person is struggling financially and they believe that bankruptcy is their only option, they should hire a chapter 7 bankruptcy attorney in Prattville, AL. first. There are plenty of benefits of working with a knowledgeable professional.
Realistic Assessment of the Case
In some cases, bankruptcy is not the individual’s best option, and filing could do more harm than good to their financial future. There are some cases where working with a debt relief expert would be more beneficial. In other cases, filing for bankruptcy would be their only way out. A bankruptcy attorney would be able to look at the person’s situation and point them in the right direction.
Chapter 7 or Chapter 13?
The two most common types of bankruptcy are chapter 7 and chapter 13. Chapter 7 removes all unsecured debt from the person’s record. This can be very damaging to their credit history for several years. Chapter 13 gives the individual more time to pay off their debt and is a little less harmful on their credit. A bankruptcy attorney will be able to tell the individual which type of bankruptcy would benefit their situation the most.
No More Harassing Phone Calls
Anyone who has ever been in debt knows that creditors tend to harass debtors constantly, both in the mail and over the phone. When a person files for chapter 7 bankruptcy, they can give their creditors the attorney’s contact information. Once the attorney lets the creditors know that the debtor is in the middle of filing for bankruptcy, the harassment will stop.
Filing is Complicated
There is a great deal of paperwork involved in filing for bankruptcy. If a person tries to file on their own and they don’t fill out the paperwork correctly or if they forget something, the application would be denied. If they hire an attorney, they wouldn’t need to worry about the complicated, and sometimes confusing, paperwork.
If a person is struggling financially and they believe that bankruptcy is their best option, they should hire a chapter 7 bankruptcy attorney in Prattville, AL. For more information, contact David Weston, Attorney At Law or visit their website.
