If you are in a financial bind and can no longer keep up with your monthly payments, bankruptcy might be your best option, and regardless of how much debt you have, a good bankruptcy lawyer can help you with the ins and outs of the law so that together you can choose the option that is best for you. There are two main types of bankruptcy, Chapter 7 and Chapter 13, and only an experienced bankruptcy lawyer can help you decide on the best one for your situation.
Each Person Is Different
Each debtor has a situation that is a bit different than the next person and when consulting with a bankruptcy lawyer in Suffolk, VA, it is best to be upfront and present him or her with all the details regarding your finances. Only by being honest will that lawyer be able to come up with a workable solution, and whether you want to pay off your debts slowly and at a pace that is convenient for you or you’d prefer to wipe out your debts completely, working with a competent bankruptcy lawyer is the best way to get started.
Guidance Is Important with a Bankruptcy
When filing for bankruptcy, you will naturally have a lot of questions, but a professional Suffolk bankruptcy lawyer can be there to guide you through the process so that you know what is going on at all times. Bankruptcy can make you feel out of control but, in reality, it is a great way to get back into control when it comes to both your finances and your life. Even if you are unsure if bankruptcy is the best option for you, meeting with a lawyer is a good option because most of them offer their first consultation for free, meaning that you have nothing to lose by meeting with them.
