When people consider hiring a bankruptcy attorney in Frederick, it is often considered a sign of weakness or failure. And no matter what we do, or how hard we try, sometimes our personal and business financial life crumbles right before our feet. It is at this time that hiring a bankruptcy attorney in Frederick can significantly reduce the stress you feel, help you gather your life together and get your life back on track.
We live in a society which provides laws guaranteeing individuals and businesses protection from litigation and provides its citizens with a second chance at achieving financial success. This is where hiring a good bankruptcy attorney in Frederick is a good start at a second chance for anybody.
Here is how hiring a bankruptcy attorney can help you get back on your life.
* A Bankruptcy attorney is able to handle your bankruptcy filing from start to finish. They accomplish this by meeting with you personally to determine exactly what you need to do and what type of bankruptcy you need to file.
* There are two main types of bankruptcy today for individuals and small business owners. A Chapter 7 Bankruptcy is designed to remove all your debt without you having to pay back the creditors, however the Federal Government has the right to retain any assets you own in order to repay the lenders who you might owe money too. In order to qualify for this type of bankruptcy, you’ll need to take a means test, as not all people can file for Chapter 7 protection.
* The other main bankruptcy type is Chapter 13. This filing allows people the right to pay back a percentage of their debts by agreeing to a Federally supervised repayment program that will pay your debt back in 3-5 years. This type of program allows you to retain your assets and is right for people who can afford to make small monthly payments in order to resolve their debt. This program is monitored and supervised by Federal US Court and so having a bankruptcy attorney is critical to ensure all the papers are filed correctly.
Many people assume that they are alone and that filing for bankruptcy makes them a criminal. This could not be further to the truth. The fact is that over 25% of the people in the United States have filed or will file for Bankruptcy at some point in their lives. Filing for bankruptcy does not make you a loser, or a failure; it simply means you need to get a second chance at financial strength. This is why bankruptcy attorney in Frederick is available to help guide you through this legal procedure.
The purpose of Federal Laws on Bankruptcy is to allow the hard working individuals who pay their taxes, and abide by laws to get a fresh start after obtaining significant debt levels. It does not matter how you obtained this debt, whether through job loss, medical expenses or simple credit card over use, the fact remains that you have a legal right to file for Bankruptcy protection. And the first step a person should do is find a bankruptcy attorney in Frederick who can explain every option to you honestly and will guide you through the process, keeping your legal rights in order the entire time.
The Bankruptcy process is very tedious and time consuming for any individual to attempt to battle without support. If you are looking to retain the assistance of a bankruptcy attorney Frederick, the team at can help you with the bankruptcy process from start to finish.