People who are in desperate financial straits commonly put off looking into bankruptcy options as long as they possibly can. They may feel like filing for bankruptcy is a personal failure, and they find the situation terribly embarrassing. Consulting a bankruptcy lawyer in Fairfield, OH is nothing to fear, as these attorneys typically offer a free consultation to evaluate the person’s situation and discuss the different types of bankruptcy available to individuals. The person can expect the lawyer to be straightforward and ready to help. There is no judgment involved.
An experienced bankruptcy lawyer in Fairfield, OH has talked with many people about their financial situations and is aware of how debt can spiral out of control. Everyone’s circumstances are different, but they are all seeking a legal and accepted method of dealing with this overwhelming debt. These attorneys want to see their clients regain control of their financial situation, as the stress involved with massive debt is enormous. People in this kind of trouble may develop significant strain in their personal relationships, difficulty sleeping, and illness due to stress. They may not be able to afford healthy food and they feel dread every time the phone rings, wondering if it’s a collection call.
Some individuals may qualify for a chapter 13 filing in which they construct a payment plan to pay back the money they owe over a few years’ time. Others may not have the income to do this, in which case they may qualify for a chapter 7 filing that requires dissolution of some of their assets to pay as much on their debt as possible. The rest of the debt is eliminated.
Filing for bankruptcy with the assistance of a lawyer such as R. Dean Snyder can even help a homeowner who is facing foreclosure. A chapter 13 filing may allow this person to keep the house and pay back the money owed in arrears over three to five years. When mortgage companies refuse to help, a bankruptcy attorney may be able to provide the most favorable strategy. Anyone who is dealing with insurmountable may schedule an appointment for an initial consultation.
