Too often it seems as though the law works in favor of the creditor who is allowed to contact you at almost all hours of the day or night. This can be a very stressful experience and one that requires you to seek out a full understanding of your rights. If your debt situation is extreme, you can get the protection you need under bankruptcy law by filing Chapter 7 or Chapter 13 bankruptcy.
Protecting what’s yours
If your creditors don’t receive payments in a timely manner, the law allows them to garnish your wages, intercept your federal tax refund, and even seize your home and your car. This seems unfair and leaves the consumer feeling completely helpless. Thankfully by filing for bankruptcy, there is a way to protect what’s yours from being taken. The first step is to meet with a bankruptcy attorney so you can gain a full understanding of what bankruptcy law is. They will explain your rights as a consumer and once you hire them, they will work diligently to make sure those rights are fully protected at all times.
Bankruptcy law basics
Understanding the rudiments of bankruptcy law can assist you with knowing which actions are legal and which ones are not. When creditors continue to contact you even after you have filed for bankruptcy, you are within your rights to seek legal action against them. Your bankruptcy attorney will also explain what your responsibilities are when filing for bankruptcy such as taking mandatory credit counseling, completing a means test, and arranging a debt repayment plan if you are filing for Chapter 13 bankruptcy. Although the process of filing for bankruptcy may seem complex, by taking the time to understand the basics, you will be well informed.
When it comes to filing for bankruptcy, you can either liquidate under Chapter 7 or reorganize your debt under Chapter 13. Your bankruptcy lawyer will help you to figure out which type of bankruptcy you will need to file. Then they will assist you with filing for bankruptcy including filling out all of the needed paperwork. Your attorney will also explain bankruptcy law as it pertains to your specific case.
Find out your rights and get the facts by consulting with an experienced bankruptcy attorney. You can get the assistance you need when you schedule your first appointment as soon as possible.
Understand how to make bankruptcy law work for you when you contact Smeloff & Associates. Schedule an appointment when you visit them online at website.
