Many people have become the victims of a bad economy and the Great Recession. The bad economy caused people to lose their jobs or lose their full-time work and then find they have no job at all. Their financial situation goes from bad to worse with no help in site. It is so easy to become discouraged, but The Wright Law Group, LLC is here for you and they are the best source of encouragement you can find if your financial outlook has turned bleak.
A Bankruptcy in Plainfield IN can be filed for debt resolution through Chapter 7 or 13, providing the hope and new beginning you are looking for. The bankruptcy law has been put in place by Congress for people who have been carrying a load of debt without any real chance of paying it off. You should not feel badly if you file for bankruptcy as it’s purely a business decision, not a personal one.
One way to alleviate the stress and restore your family life to a peaceful existence without fearing the next phone call or the next knock on the door is to file for bankruptcy. Bankruptcy in Plainfield IN stops every action against you including garnishment and attachment of assets. The only way to gain financial freedom is to be back in control of your financial assets. You will likely never have to enter a court room because your attorney will handle all of the details for you.
A trustee will be appointed to work with you in summarizing your obligations and developing a payment plan if you choose Chapter 13. If you choose Chapter 7, you will be working to make sure all of your debts are identified. You can view the trustee as person who is going to ensure the law is followed.
Bankruptcy will not keep you from getting a mortgage, but you will pay more interest than you would if you didn’t declare bankruptcy. You will be flooded with offers of credit because creditors know you cannot go bankrupt again for seven years. However, be very cautious about any offers of credit because you may fall into a debtor trap designed to catch people who were just declared bankrupt.