The difficult decision to file bankruptcy can be a hard one to make on your own, which is why it’s a good idea to counsel with a competent attorney in Omaha who can help you make the right decision for your circumstances. Choosing chapter 7 or Chapter 13 bankruptcy can give you a workable solution to getting back on your feet and headed toward a more successful financial future. By letting a good law firm help you face your financial problems rather than ignoring them endlessly while they continue to get worse, you can take an important step towards recovery.
If you’ve ever been late on a bill a few months in a row, you are familiar with the incessant telephone calls you receive from “toll free call” every hour, every day, even on the weekends. While it is understandable why a creditor would want to get the payment they are owed, sometimes an individual finds themselves in a situation where it is just not possible to make the payment. This can happen during periods of long term underemployment, sudden death of the family’s provider, an unexpectedly long period of job searching after a layoff, or personal injury leading to the loss of one’s income. Whatever your reason, you have the right to not be harassed by your creditors. An experienced attorney in Omaha can help you stop the constant callers by making a legal agreement with them about how your debt will be paid off.
If you choose chapter 7 bankruptcy, your lawyer will help you liquidate most of your assets and use the proceeds to pay as much as possible to your creditors. There are some exceptions to which assets need to be liquidated in order to be eligible for chapter 7 filing. Once all payments are made, the rest of the debt is declared legally paid off, and the creditors will not be bothering you anymore. However, you will have this on your credit record for 10 years, which can make it difficult to get a loan for some time to come. This is why it is critical to find a trustworthy Omaha attorney who can help you make this difficult decision and help you see the benefits and consequences either way.
