If your financial problems are out of control, then you may want to file for bankruptcy. You may not be able to pay off your debts, but chapter 7 bankruptcy attorneys in Valdosta can help you get back on track. There are several reasons that you should hire an attorney.
Put An End to the Phone Calls
Creditors are allowed to call you all day every day if you owe them money. If you have several debts that are behind on, then it can be even more difficult for you to deal with the phone calls. Chapter 7 bankruptcy attorneys in Valdosta can put an end to the phone calls. The attorneys won’t be able to contact you after they file for bankruptcy.
Fresh Start
Most debts can get eliminated with chapter 7 bankruptcy. Exceptions to this include federal student loans, child support and alimony. Because you may be able to eliminate all your debt, you will be able to get a fresh financial start.
Easy to Qualify
You will have to pass a means test in order to qualify for chapter 7 bankruptcy. They will evaluate your income and expenses in order to determine whether you can pay back your debts. If you have little or no money left over after you pay your bills, then you will be able to qualify.
No Limit on Debt Amount
You can file for chapter 7 bankruptcy regardless of how much debt you are in. If you file for chapter 13 bankruptcy, then there are debt limits that apply.
No Repayment Plan
Chapter 13 bankruptcy allows you to pay back your debts within three to five years. However, you will not be responsible for paying your debts back if you file for chapter 7 bankruptcy. In most cases, you can get rid of your debts within 60 to 90 days.
