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Many debtors shy away from filing for bankruptcy because they assume that it will be difficult to get the future credit they need. In addition, many people think that bankruptcy carries a stigma along with it and they don’t want to be seen as a failure. However a bankruptcy attorney can show you how to actually become debt free using bankruptcy as a tool. This allows you to take full control over your finances for a fresh start. Becoming debt free is much easier when the majority of your debts are forgiven through bankruptcy.

Chapter 7 Bankruptcy

When you consult with a bankruptcy attorney, they will discuss your current state of finances to determine what the best course of action is for you. They will recommend a Chapter 7 bankruptcy if this is the most appropriate solution for you. You will have to qualify for this type of bankruptcy by taking a means test. Through the means test, it will be determined if you are eligible to file for Chapter 7 bankruptcy. Once it is deemed so, you can complete a credit counselling session and then you will be able to have the majority of your unsecured debts wiped clean.

Chapter 13 Bankruptcy

For individuals who do not qualify for Chapter 7 bankruptcy, Chapter 13 is the next best option. In this type of bankruptcy, a debt repayment plan is used to help the individual to get out of debt. The repayment plan is set over a 3 to 5 year period during which time secured debts are payed with a specific allocated amount each month. This type of bankruptcy is very effective at helping debtors to recover themselves financially. They can still retain possessions of their belongings while rebuilding their lives debt free.

Freedom from debt

Freedom from debt is possible with the help of a bankruptcy attorney. A bankruptcy attorney offers guidance and direction about which route to take to become debt free. They will provide information about credit counseling, repaying debtors, eliminating credit collection calls and repossessions while safeguarding your property. Consulting with a bankruptcy attorney is the first step in the right direction towards becoming free of debt.

At the law office Chris Carouthers & Associates, LLC, you can find the debt solutions you need from a bankruptcy attorney you can depend on. Visit them online for more information at Chriscarouthers.com.

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