Many people have been adversely affected by the economy, causing many to lose their jobs as well as everything that they may own. It’s difficult to pay bills if a person has lost their job, and if you are in a situation where you have become unable to pay your bills, then you are probably experiencing a great deal of stress. Many people in debt aren’t aware that they have options, and one option is to file for chapter 7 bankruptcy. Here is how a chapter 7 bankruptcy can provide you with almost immediate relief:
Unlike in the past, you must meet certain guidelines in order to qualify for a chapter 7 bankruptcy. By consulting with a knowledgeable bankruptcy attorney like those at The Law Offices of Sarah Newell & Todd Allison, you can find out if you meet the income guidelines to file this type of bankruptcy. If you do qualify to file for a chapter 7 bankruptcy, then immediately upon filing, your creditors will have to cease their calls and letters. For many people in debt, the incessant calls and letters from creditors can be one of the most frustrating parts of being unable to pay their bills, so an immediate stop to the calls and letters will likely be a great relief for you.
Another way that filing chapter 7 bankruptcy will provide you with almost immediate relief is that once your bankruptcy is discharged, most of your bills will be totally wiped out. There are some types of debts that can’t be included in a chapter 7 bankruptcy, such as taxes, student loans and child support arrears. Despite these non-dischargeable debts, everything else can be totally erased, wiping the slate clean for you.
So, if you are in need of A Chapter 7 bankruptcy attorney Wichita is a great area to search for one. Sarah Newell and Todd Allison are professional, experienced, and knowledgeable attorneys who can bring your financial misery to an end. There is no need to continue to suffer from frustration due to the constant threatening calls and letters from creditors demanding money now, if you don’t have it. A Chapter 7 bankruptcy can give you a new start, which can give you the opportunity to get back on track with your finances. Read more for more information.