These days, people are getting more and more in debt. With economy woes, job market problems and people suffering with illness, debt seems to be piling up faster than people can pay for it. When dealing with creditors calling and harassing you, it is important you do not ignore the contacts. If you continue ignoring them, your creditors could begin garnishing your wages or could take you to court. If you contact your creditors and they are unwilling to work with you, you may need to look for help through the Rockville MD Best Chapter 13 Bankruptcy Lawyer.
To find out how the Rockville MD Best Chapter 13 Bankruptcy Lawyer can help you with your bankruptcy options, you need to first schedule an appointment for a consultation. To make sure your lawyer has all the needed information, it is important you bring your debt, income and asset information. This will assist the lawyer in helping you to make the right decisions on which bankruptcy will best benefit you.
Chapter 13 bankruptcy is an option for all American citizens to file. This type of bankruptcy allows you to list all of the debts you owe on your bankruptcy, so you cannot be pursued in any way, including wage garnishment and being taken to court. It is imperative you list every single debt you owe, no matter how small or large. Failure to do so, could result in you being pursued for the debt.
The Rockville MD Best Chapter 13 Bankruptcy Lawyer will file your bankruptcy papers and then a judge will decree your bankruptcy. You are required to pay a monthly payment to the court. The payment is based on the amount of income you have coming in. It is imperative you pay this payment on time each month, or your bankruptcy could be disrupted. This payment is dispersed among the creditors you owe, so you can slowly pay down your debts during a period of two to five years.
If you are having difficulty paying off your debt, there is help available through bankruptcy. For more information, visit website. Through their representation, you can file for bankruptcy and finally be free of the debts you owe.
