In Need of a Fresh Financial Start? A Bangor Bankruptcy Attorney May be Able to Help
If you're scared to answer the telephone because creditors keep calling or worried that your home is going to be foreclosed and your car repossessed, talk to a Bangor bankruptcy attorney. Finding the right solution to your financial problems requires accurate and thorough information, and speaking with a Bangor bankruptcy attorney is a great way to educate yourself about your rights and options.
If you're drowning in credit card debt, falling behind on bills and struggling to make minimum payments, or experiencing some other financial problems, a Bangor bankruptcy attorney may have the answers you need. Talking to a Bangor bankruptcy attorney isn't a commitment, so get started today.
A Bangor Bankruptcy Attorney Can Explain the Differences between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
The term "bankruptcy" is often used generically when in fact Chapter 7 bankruptcy and Chapter 13 bankruptcy are two different processes that provide people with different protections in different circumstances. What most people think of as "bankruptcy," Chapter 7 bankruptcy, is a liquidation process in which most unsecured debt--credit card debt, medical bills, old utility bills, unsecured loans and similar debts--is discharged. While the bankruptcy trustee may liquidate (or sell) non-exempt assets to pay off creditors, most Chapter 7 bankruptcy petitioners do not have any non-exempt assets, and there is no sale of property.
On the other hand, Chapter 13 bankruptcy is a repayment plan based on the debtor's income and living expenses. If you have regular income and can make regular payments but have fallen behind or been impacted by unexpected medical bills or other expenses, a Chapter 13 bankruptcy plan may allow you to repay your arrearages over time while making current payments. At the end of the plan, remaining unsecured debt may be discharged. A free consultation with a Bangor bankruptcy attorney can help you answer any more questions about Chapter 13 bankruptcy.
Speak to a Bangor Bankruptcy Attorney before Making any Decisions
Why let creditors push you into a decision that may not be beneficial for your family's future? Talking to a Bangor bankruptcy lawyer should be one of the first things you do. That's why the Bangor bankruptcy attorneys who sponsor Total Bankruptcy provide free, no obligation consultations.
Total Bankruptcy also understands that you need reliable information to calmly assess your options before making a decision that will best rebuild your finances. Take the time to educate yourself about the kind of debts that can and cannot be discharged and much more by utilizing the valuable bankruptcy information and resources on our Web site. And don't forget to fill out our free bankruptcy case evaluation form or call us toll-free at 1 (877) 349-1309. We'll help you arrange a free consultation with a Bangor bankruptcy attorney who can help you move forward with confidence.