There are many people who have found themselves in credit card debt. They may have experienced a job loss or reduction in income that caused them to use credit cards to pay for necessary expenses. Even after getting a new job or being able to get more hours at work, they may not have been able to catch up on their past-due bills. When people start to worry about how they will pay their bills, they should consider making an appointment to speak with a chapter 7 bankruptcy attorney in Rockville, Maryland.
With a chapter 7, people do not have to file a plan to repay their debts. Nonexempt assets will be gathered by a bankruptcy trustee and sold. The proceeds will be used to repay creditors. Talking with an experienced attorney will help people understand which assets they have that will be exempt and which assets will be nonexempt. This can be extremely important for people who have a home or vehicle that they would like to keep.
There are several requirements people must meet in order to be eligible to file a chapter 7 bankruptcy. A knowledgeable chapter 7 bankruptcy attorney in Rockville, Maryland can clearly explain the requirements and help people determine if they will be able to file this type of bankruptcy. While this type of bankruptcy usually results in the discharge of debts, there are some types of debt that may not be discharged. Bringing a list of debts to a consultation can be a great way for people to get information early on about which of their debts can be discharged and which debts may not. website is a website where people can go to receive information about the chapter 7 bankruptcy process.
There are many benefits to going to a chapter 7 bankruptcy attorney in Rockville, Maryland for bankruptcy advice. It can give people the opportunity to get rid of debt that may have been stressing them out. They may have had to deal with receiving telephone calls at work or home from creditors. They may have experienced sleepless nights about their financial situations. Going through a bankruptcy can give them the opportunity to start over financially.
Follow us on Facebook!
