When you are dealing with too much debt, it can wreak havoc on your life. Most people try to deal with their debt by contacting their creditors and setting up payment arrangements. Sometimes it is difficult to manage your debt. This is especially true if you have recently lost your job or are dealing with unexpected expenses like medical bills. If you feel like you are drowning in debt and there is no way out, it is important to know there is help. Through a Lawyer Waukesha WI, you can file for bankruptcy and get the help you need to settle your debt and brighten your financial future.
It is important for you to understand the different bankrutpcies available to you. The vast majority of people choose Chapter 13 because this allows them to keep their property and make a monthly payment through the court each month to cover their debts. Your attorney will need to know every debt you owe and these will each need to be listed on the bankruptcy. If any are not listed, they will continue to be your responsibility to pay and you may be pursued even through the courts. Though it is a time-consuming process, your attorney needs this information to ensure your bankruptcy is filed correctly.
The process for filing bankruptcy will be to first file through the court. You will have a hearing date and your creditors will be informed of your filing status. It will be up to the judge to make the decision on whether or not your debts will be discharged or not. He or she will also decide the monthly payment amount you will be responsible for. This will be based on your income, so the judge will need to make sure you will be able to afford the payment.
If you are in need of assistance in getting more information on filing for bankruptcy, contact a Lawyer Waukesha WI. Through the Horizons Law Group, you can find the help you need in understanding your bankruptcy options and choosing which type to file for. They will assist you through every step of the way, so your debt can be taken care of.
