A free consultation with a Chapter 7 Bankruptcy Attorney in Prattville AL provides insight into how this process works and whether the client is likely to qualify. Often, people are not entirely sure they are ready to file bankruptcy and need to figure out what their options are. Even the consultation can make them feel embarrassed about their situation, but they can expect compassion and an open mind from the lawyer.
About Chapter 7 Bankruptcy
Bankruptcy is a type of federal protection against creditors when a U.S. resident becomes overwhelmed with debt. The Chapter 7 form of federal protection, filed through a lawyer like David Weston, discharges most of the qualifying debt after the person pays off as much as possible. Some debt does not qualify, such as back child support and student loan payments.
Other debts may be disqualified if a creditor challenges the discharge and a judge agrees with the creditor. Examples might include purchases or cash advances made with a credit card within the past 90 to 180 days and payday or installment loans obtained during that time frame.
Making Sound Decisions
Having reliable information provided by a Chapter 7 Bankruptcy Attorney in Prattville AL allows a client to make sound decisions about what to do next. For example, many individuals keep trying to pay their obligations even when they really have no way to do so. This can get them into further trouble. They might pay their electric bill with a credit card and then use cash from their paycheck to pay the minimum on a different credit card. This stressful juggling act can stop once the person files for bankruptcy.
After Bankruptcy Is Complete
After the bankruptcy process is complete, the person may feel unsure about ever recovering financially. In reality, people tend to bounce back relatively quickly once they are able to eliminate all that stifling debt. It’s imperative to make payments on time following bankruptcy and to avoid getting in trouble with credit again. There are effective strategies for rebuilding one’s credit score following a bankruptcy. Browse the Website to learn about an attorney that will provide accurate advice.