Sometimes it may feel like your bills are controlling your life instead of the other way around. It is an extremely discouraging experience that can leave you feeling overwhelmed and helpless, but there are available options for you. You should consider contacting Charles Farrell Jr. LLC, Chapter 13 bankruptcy lawyers In Valdosta to find out what some of those options are. A bankruptcy filing will stop the creditors from calling you, and it can help you restructure your debt to make it more manageable for you.
Many bankruptcies are filed due to medical bills. Having unpaid bills is very stressful, and stress works against your health. You may be able to reorganize the medical bills into a payment plan which will not only cover your past treatments but also help you with paying continuing medical treatments. Just like medical bills, student loans are another problem debt. The common myth is that all student loans are not dischargeable through a bankruptcy plan. That is not always the case, as there are certain loans which may be discharged or you may be able to alter the debt payment plan to bring the debt.
Call Charles Farrell Jr. LLC and set up an appointment. After you have met with your lawyer and gone over your debt and the issues surrounding your falling behind, the lawyer will be able to advise you of your available options. The lawyer may advise that filing bankruptcy is your best option. The bankruptcy filing will stop all collection legal actions as well as all creditor phone calls.
There are two types of bankruptcy an individual can file. The Chapter 13 Bankruptcy in Valdosta will allow you to restructure your debt into a more affordable plan, and you will be able to generally keep your assets. The Chapter 7 Bankruptcy in Valdosta allows you to discharge some of your debts, but you may have to give up some or all of your assets which include your car and home.
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