Have you been threatened by bill collectors or had your wages garnished? What about a foreclosure? If so, you do have options to help get yourself out of debt and back on your feet. You don’t have to lose your wages or your home. However, you do need to act now, before the problem gets worse. Many people have been in your situation before, and a Bankruptcy Lawyer in Tipp City OH, has seen it all. They can help you get through this period and back on your feet. Visit website for more information.
A Bankruptcy Lawyer in Tipp City OH, will begin by reviewing your finances. Make sure you have all necessary paperwork with you, such as bank statements and mortgage documents. For anything in your life that has to do with money, bring paperwork about it to the first meeting with your lawyer.
He’ll take a look at all of your debts, assets and income, and then help you decide if bankruptcy is an option for you. If it is, he can start helping you decide which form of bankruptcy is appropriate.
There are two main types of bankruptcy for an individual who doesn’t own a business. These are chapter 7 and chapter 13. Which one you choose depends on your income and ability to repay your debts. With a chapter 7 bankruptcy, a trustee collects all of your assets except for the essentials like your home, and then sells them to pay off your debts. With chapter 13, your debts are consolidated into one lower monthly payment, and you will make payments on them for three to five years, at which time they will all be paid off.
Going through a bankruptcy is not easy or quick, and it can have lasting effects on your credit. However, it can be a way for you to save your home and get out from under the debts. If you think bankruptcy might be an option for you, speak with a Bankruptcy Lawyer in Tipp City OH, today, before your situation gets worse. One option for a bankruptcy attorney is Shipman Dixon and Livingston Co. L.P.A. Remember to bring all financial documents with you at your first visit, and they can get started helping you today.
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