Financial situations can put people in a place where they have to take extreme measures to get out of a financial jam. While there are many things that a person can do, when people find themselves at the end of the rope, and there’s nothing left to do, it may be time to contemplate bankruptcy. For this reason, many people that call the Washington, Indiana area home may want to consult with a bankruptcy attorney in Washington, Indiana to see what legal remedies are available to them.
If you’re in a position where you don’t see any other way out and creditors are threatening you with lawsuits and wage garnishment, bankruptcy could be the option you’re looking for. The first thing you want to do is meet with a bankruptcy attorney in Washington, Indiana to discuss your situation. If you are facing imminent lawsuits or perhaps creditors have already filed lawsuits against you, filing for bankruptcy will put a stay on any legal action that is being taken against you as it relates to your finances.
In addition to putting a hold on any legal matters such as lawsuits, bankruptcy also prevents your creditors from contacting you. If the creditors are intent on contacting you about your debt, you can simply direct them to your bankruptcy attorney. One discussion with your attorney will typically get the creditors to stop calling you. You see, not only does bankruptcy put a stay on any legal proceedings against you from creditors, it also puts a stay on the creditors ability to collect debt from you.
When you meet with a bankruptcy attorney, perhaps from the Feavel Law office, one of the first things you’ll do is discuss the different types of bankruptcies. You will also discuss your situation so that the attorney can determine which bankruptcy you qualify for. Once you know if you qualify for Chapter 7 or Chapter 13, the correct filing can be made with the courts, and you can get the bankruptcy process rolling.
Nobody likes to think about filing for bankruptcy, but sometimes it’s the only option available to you. While you don’t want to go into the situation lightly, it may be an option you should consider. It’s best to make a decision and then speak with an attorney to see what options are available to you.
