Is Chapter 7 Right for You? Talk with a Chapter 7 Bankruptcy Lawyer in Kissimmee
Tired of dealing with the stress of your finances? If you are in deep debt, you might feel that you don’t have anywhere to turn. Even for those who may have the time to get and work a second job, the extra money often isn’t enough to make a dent. Sometimes, it’s better to file for Chapter 7 bankruptcy.
Chapter 7 Advantages
First, let’s consider some of the reasons that you might want to talk with a Chapter 7 bankruptcy attorney and choose this option. For starters, from the minute you file, you will no longer have to deal with all of the constant calls and harassment that come from debt collectors. After you file, they are no longer allowed to contact you, which is a good feeling.
You will also appreciate that this process tends to be relatively fast. Most of the time, one of these cases will only take about three to six months from start to finish. You also won’t have to worry about a repayment plan, as you would if you opted for a Chapter 13 bankruptcy instead. Most of your debts will be wiped out. You can speak with your Chapter 7 bankruptcy attorney to learn more.
You can also have exemptions for some of the properties that you want to keep. Those who don’t have much in the way of expensive assets or luxury goods should not have much to worry about anyway in this regard. Often, you will be able to keep your home and your car if you are current on your payments and stay current.
Who Should File for Chapter 7 Bankruptcy?
Quite a few people would benefit from filing for Chapter 7. This is true of those who own little property and who have a lot of unsecured debt from things like medical bills, credit cards, and personal loans. Those types of debts can be wiped out in bankruptcy.
You will have to take the means test to see if you have an income that is low enough to qualify for Chapter 7. If not, you may need to choose Chapter 13 instead. Again, your Chapter 7 bankruptcy attorney can let you know all that you need regarding your case and which option will be a better fit for you.
One of the things that you shouldn’t do is wait too long to figure out your next step. Your finances aren’t going to change or get better on their own. You need to take some type of action, and you need to do it sooner rather than later. Take the time to contact and meet with a Chapter 7 bankruptcy attorney to get a better sense of whether it’s the right option for you.
Do You Have Other Choices?
Although Chapter 7 can be the right choice in many cases, it shouldn’t be the first choice you consider. When you are in financial trouble, bankruptcy is an option, but it’s not always your only option. Even your attorney will tell you this if they truly have your best interest in mind.
We also understand that this is certainly not an option that will work for everyone. There are going to be those who are too far behind on their payments or those who may simply have too much debt and not enough income. In those cases, it could be a better idea to take advantage of the second chance that Chapter 7 can provide.
You will find that even though it may not be ideal, there isn’t the same level of judgment and stigma that surrounds bankruptcy today. Over the past couple of decades, more and more people have come to see that rough financial patches can happen to anyone, no matter how successful they might seem.
Find the Right Chapter 7 Bankruptcy Lawyer in Kissimmee
When you decide that this is the best option for you, always make sure you are choosing to work with a reputable Chapter 7 bankruptcy lawyer in Kissimmee. Take the time to learn more about the potential attorneys, check out their website reviews, and learn more about them. To make your search for the best easier, check out Orlando Law Group. Get in touch to find out more and to locate some great specialists working in the Kissimmee area.