When the phone rings non stop, it may mean you’re popular or it may mean that you aren’t paying your bills and the bill collectors are calling. If it’s bill collectors, you’ll need to do something, as continual calls can cause undue stress at a time when money is tight and you’re stressed enough already. If you have a lot of unsecured debt, such as credit cards or medical bills that you can’t pay, it may be a good idea to talk to a Bankruptcy Lawyer Temecula for advice. There are different types of bankruptcy available, Chapter 7 and Chapter 13, and by discussing your situation with a lawyer at The Travis Law Firm, you’ll be able to determine if either type of bankruptcy is an option for you.
When you speak with the Bankruptcy Lawyer Temecula, he’ll ask you a few questions to determine the best option for dealing with your debt. If you have no assets to speak of, and are either unemployed or make a small amount of money, he may suggest that you file a Chapter 7 Bankruptcy. This type bankruptcy will set a court date that, if approved by the judge, will discharge your debts and you will start fresh with a clean slate.
If you have assets to protect, and are employed and have income to make payments, you’ll be advised to file a Chapter 13 Bankruptcy. With this type bankruptcy, you’ll most likely be able to keep all or most of your assets and you will be expected to pay monthly payments toward your debt to your court trustee. When your payments are complete, even if you’ve only paid pennies on the dollar to your debt, the remainder of the debts are discharged and you will be debt free.
Bankruptcy isn’t easy, but it certainly is a way to relieve yourself from your debts when the unexpected strikes. Loss of job, medical problems or other situations that make it impossible to pay your bills, make bankruptcy a viable option. If this is your situation, speak to a bankruptcy attorney to understand what steps you can take to get out from under your financial burdens.
Seeking for Bankruptcy Lawyer Temecula to protect your assets and possessions during your bankruptcy processes. Visit Thetravislawfirmca.com
