When a person is feeling overwhelmed by debt and the constant harassment of debt collectors, filing bankruptcy can prove to be a good option. While it is a difficult decision to make and a time-consuming process, filing Chapter 7 in Valdosta area can provide the relief you need during financial hardship. Chapter 7 bankruptcy is the process where a person’s assets are liquidated to help repay the debt they are unable to pay back. Once an individual files for Chapter 7, debt collectors are not allowed to contact them. When the process is finalized, the individual is relieved of any bills they filed bankruptcy on.
What You Should Know about Filing Bankruptcy
- Once bankruptcy is filed, the court system will have access to your financial matters and can interfere with your financial concerns affair during the process.
- By filing Chapter 7 in Valdosta, you are agreeing to the conditions of the bankruptcy and for a trustee to sell your nonexempt assets.
- There are state and federal exemptions you may be eligible for to retain certain property.
- Hiring an attorney is important to ensure all the right documents are filed and your debts listed correctly to prevent a mistake from being made.
Relieve Yourself of Debt Burden with a Trusted Law Firm
Charles Farrell, Jr. Attorney at Law is a well-known lawyer that started a career helping people find financial relief. They can provide the vital information you require to make a sound decision in whether filing bankruptcy is the right option for you. Whether you incurred debt you can’t repay or have experienced a life-changing event that affected your financial status. You can find relief from your debt by consulting with an experienced attorney that has built a reputation for assist each client with finding the right debt-free option for them.
