Whether you lost your job, had an illness, or overused your credit cards, dealing with financial problems can take over your life. You might constantly worry about late payments or dream about collection calls, and this is no way to live. For many people with this many worries about money, bankruptcy might be able to help.
If you want to know more about bankruptcy and whether it can help you and your family, don’t wait to call a bankruptcy lawyer in Auburn Hills. We can take a look at your debt situation and help you decide if filing a bankruptcy case is right for you.
There are many different ways that bankruptcy helps people across the country. First, as soon as your lawyer files your bankruptcy case, a court order goes into place called the “automatic stay.” This order should immediately stop all collections of your debts and legal cases, including:
This alone can give you peace of mind that you don’t have to dodge calls, letters, or even people showing up at your door with legal notices.
At the end of a successful bankruptcy case, the court will “discharge” most – if not all – of your debts. A discharge means that you won’t have to pay the debts anymore, and the creditor cannot hold you to your payments. Instead, you can move forward with your life without the heavy stress of your debts on your shoulders.
Not only can we talk to you about whether bankruptcy is right for you, but we can also discuss which type of bankruptcy case you should file. There are different types of cases for different situations, such as:
Chapter 7 – This is the most popular type of bankruptcy because it is pretty quick (usually around four to six months) and it can discharge most of your debts without making you pay anything. People who have too much income can’t file for Chapter 7, however.
Chapter 13 – If you make too much money for Chapter 7 or have other reasons why you don’t want to file for Chapter 7, you can still get your debts discharged in a Chapter 13 case. However, the court will require you to make payments for a period of time first.
Sometimes, neither type of bankruptcy is the right choice. If there are other alternatives that can help your debt situation, we can tell you about them. We will never force anyone into a bankruptcy case when we don’t believe it is the best option.
If you want to know more about bankruptcy, you should talk to the law office of Karen E. Evangelista, PC. We help people in your position all the time, and we are ready to talk about your best options. Contact us today for more information and a free consultation.