People who are considering bankruptcy often have a lot of questions about the process and how filing bankruptcy now will effect their future. They worry about where they will live and if they will lose the property they have accumulated over a number of years because they currently can’t afford to pay their bills. If these or other questions are holding you back from filing for bankruptcy protection and getting relief from your debts, a consultation with a Bankruptcy Attorney in Plainfield IN may give you the reassurance you need.
You may need to bring your bills with you to your consultation so your attorney can get an idea of how much you owe to your creditors. The amount and kinds of debts you owe as well as the amount of income and assets you have will play a major part in determining the type of bankruptcy that is best for you. Homeowners who want to keep their house may only have that option if they file for Chapter 13 debt reorganization. However, if you are a renter or you are willing to give up your house to get relief from your debts, Chapter 7 may be a good choice for you.
Once you file for bankruptcy, your creditors have to stop asking you for money. Depending on the type of bankruptcy you choose to file, though, you may still have to pay some of your bills. Some creditors may also ask the court to lift the restriction and allow them to continue collection actions against you. This is likely to happen if you are filing under Chapter 7 and your home is in the process of foreclosure or you are seriously delinquent on your car payments. Your Bankruptcy Attorney in Plainfield IN may explain this aspect of the process to you in your consultation so you will be prepared if it happens to you.
Filing for bankruptcy protection is a serious decision. Be sure to work with an experienced law firm such as The Wright Law Group LLC to ensure you are fully informed of the process and you know that your documents will be filed properly. Your attorney should be able to answer all of your questions before you decide to go through with the bankruptcy.