Sometimes, simple life events can get in the way of meeting your obligations. You may be the most responsible person in the world, and due to no fault of your own, might be unable to meet your debts. If you have suffered from an injury or disability, or have been laid off from your job, paying your bills every month may be next to impossible. Unfortunately, bill collectors aren’t often understanding or sympathetic about these situations. But once you hire an attorney, they become much more willing to work with you. If this situation sounds familiar to you, you may qualify for Chapter 7 bankruptcy in Riverside.
Chapter 7 bankruptcies basically buy you some extra time to pay your bills. It is not a situation where you want your bills forgiven or written off. With chapter 7 bankruptcy in Riverside, your attorney will negotiate with the bill collecting companies to give you a little extra time to meet your obligations. This gives you the chance to keep all of your possessions and still feel good about paying off your debts. You contribute to a growing economy by ensuring that you meet your obligations by eventually taking care of what you owe.
Unsecured debt is debt such as credit cards, personal loans, medical bills and payday loans. If you have any of these hovering over your head, you may be able to eliminate them with chapter 7 bankruptcy in Riverside. Your attorney will work to reach an agreement with each company to write off any extra fees and agree on an amount for you to pay. They will also make sure that any agreements made between you and the company are legal and binding. When you are going through the bankruptcy process, it is important to have an advocate who is only on your side.
Secured debt, such as home mortgage or car loans can also be eliminated during chapter 7 bankruptcy in Riverside if you are not interested in keeping the property. If you want to keep your home or car, you may just need to continue making your regular payments. If you are not interested in keeping the property, you will surrender it to the lender and walk away without personal liability. Just because you are looking to eliminate your other debts does not mean that you have to leave your home.
Remember that in order to obtain a fresh start from a chapter 7 bankruptcy in Riverside, you must first qualify. Your attorney can take you through a simple process of obtaining permission from the court to file for chapter 7. If you are looking to wipe your slate clean and start fresh, you will first need to get rid of crippling debt. Dealing with your debts can make you feel as if you have more control over your life, and the first step to doing this is to hire an attorney who knows the system and who has been successful in the past. Don’t navigate the complicated court system on your own – hire someone who has your best interests in mind who knows how the game is played. Consult an attorney today in order to determine what your best options are for dealing with your debt.
A Chapter 7 Bankruptcy can eliminate your debt and offer you a truly fresh start. California Bankruptcy Relief represents Riverside clients who seek bankruptcy advice and look to discharge debt through Chapter 7 Bankruptcy.