People may feel that they need to file for bankruptcy for a variety of reasons. In fact, millions of Americans file for bankruptcy each year. For those looking for a bankruptcy attorney in Valdosta and the surrounding area, Charles Farrell Jr LLC has years of bankruptcy experience. There are numerous ways that the experience of an attorney can help those interested in filing bankruptcy.
Making the Decision
Though a person may believe that he or she needs to apply for bankruptcy, that may not be the case. In some cases, creditors may be harassing people who do not legally owe the money. Creditors may also be willing to settle debts for a relatively small amount of money without going through the bankruptcy process. An attorney can help a person to determine whether or not bankruptcy is really necessary by helping them to uncover other legal alternatives.
When filing for bankruptcy, a person will need to decide which type of bankruptcy to pursue. Chapter 7 and Chapter 13 bankruptcies both offer relief for debt, but do so in different ways. Depending on a person’s goals, financial assets and other factors, one type of bankruptcy is probably better than another. Bankruptcies involving a business, shared assets or other factors can also complicate the decision.
Bankruptcy rules are very complex. Some types of debts can be dealt with in bankruptcy court, while others cannot. Knowing the specific bankruptcy rules can help a person to more smoothly navigate the bankruptcy system. In other words, the bankruptcy process will likely be completed faster when a person has an attorney to help him or her through the process.
The law firm of Charles Farrell Jr LLC is ready to help those who are in need of a bankruptcy attorney in Valdosta or the surrounding area. Give Charles Farrell a call or visit www.charlesferrelllaw.com for prompt service.