Get Help Filing with a Chapter 7 Bankruptcy Lawyer in Winter Garden
Are you sick of the phone calls from creditors that seem to be coming in earlier and earlier each day? You know you owe money, but you also know that you don’t have the means to pay back what is owed. It’s looking desperate, and you can’t find anywhere else to borrow money to pay down some debt. This may all be happening while you continue to accrue debt. It may be time to consider bankruptcy.
Sometimes this is the best choice, even though it might be something you’ve been hoping to avoid. You will find that there are some great benefits, as long as you do it the right way. You will want to work with a Chapter 7 bankruptcy lawyer in Winter Garden who can help you with your case from start to finish. This will make the process much easier.
Don’t DIY the Process
There are always those who feel that they can handle certain types of jobs on their own; however, there is a difference between repainting the guest bathroom and filing for bankruptcy. If you get the bathroom wrong, you can repaint it. If you get the bankruptcy paperwork wrong, it could end up costing you for years to come.
Even if you feel you understand the law and the requirements and you know you are competent enough to do it, let the professionals help. This will help to take the burden out of your hands. You can be sure that it’s done right.
Should You Choose Chapter 7 Bankruptcy?
Chapter 7 is also called liquidation bankruptcy and it is a good solution for a lot of people. If you find yourself in a position where you just can’t keep up with all of the financial burdens, it could be the perfect solution for your needs.
For starters, it means you no longer have to worry about all of that money you owe. You aren’t going to be bothered by creditors any longer. It can feel as though a massive weight has been removed from your shoulders. However, there are still some drawbacks. You will find that this is going to tank your credit for several years, and it will take you time to build things back up to what you might consider a respectable level. Still, those who are in financial trouble often find that it’s worth it.
Of course, you need to be sure you are eligible for Chapter 7. The attorney can help you determine whether this is the right action for you.
What You and Your Attorney Will Do
When you file for Chapter 7 bankruptcy with a lawyer in Winter Garden, they will help you understand all of the steps that need to be taken. One of the first things you will have to do is take a credit counseling course, online or over the phone. This needs to be completed prior to filing.
You will have to fill out all of your bankruptcy forms, the attorney will help with these. You need to list your property, creditors, income, exemptions, recent transactions, and other pertinent financial information. If you have secured debts, you will need to determine whether you want to surrender the property to the debtor or if you want to keep making payments on those pieces of property.
During the process, you will also have to send verification documents to the trustee if the filing has been accepted. The trustee will verify the bankruptcy forms, which might include things like a bank statement or paycheck.
You are also required to attend a creditor meeting with the trustee and answer questions about the paperwork and your financial situation. Most of the time, your creditors will not attend this meeting, but they may. The creditor meeting generally only takes a few minutes.
Within 60 days of the creditor meeting, you are required to attend a budget counseling meeting. You have to provide a certificate of completion of this course to the court. If you don’t, they could close your case. After you have turned in the certificate of completion, the court can discharge your debts. This typically takes place in a couple of months.
Your Chapter 7 bankruptcy lawyer can explain to you everything else you will need to know about the process. They can walk you through each step so you understand what is happening at every turn.
Get in Touch with a Chapter 7 Bankruptcy Lawyer in Winter Garden Today
When you decide that you want to move forward with Chapter 7 bankruptcy, a lawyer in Winter Garden from Orlando Law Group can be the perfect fit. Take the time to set up a consultation and to learn more about your options and the attorneys in your area.