If you are thinking about filing a bankruptcy, don’t do anything until you have spoken with a Chapter 13 in Jackson, MS lawyer. He will invite you into his office and explain the process of filing a Chapter 13 bankruptcy. Basically, this is where you will repay a portion of your debt back to your creditors. This is an excellent option if you have a home. You won’t have to worry about losing your home. Many people avoid bankruptcy for this very reason. Before you make assumptions about how things are going to turn out, sit down with a bankruptcy lawyer who will help you to understand more.
Stover, Gadow & Tyler has a reputation for being able to help people through perilous times. They are a team of Chapter 13 in Jackson, MS lawyers who are going to fight for your rights. They will talk to your creditors on your behalf and make sure that you get a fair deal that you deserve. As long as you are making your bankruptcy payments on your possessions, you should be able to keep them.
Sometimes, people refer to a Chapter 13 bankruptcy as somewhat of a debt consolidation loan. You will still be making payments on everything you owe. Only now, the amount of money that you have to pay is much less. You will only be paying back a portion of your debt. Because of this, you will have lower payments that you can actually afford. Many people have testified that they are now paying less money for all of their bills combined than they were for their car payment alone.
Before you assume that you don’t have a lot of options available to you, set up an appointment with a Chapter 13 in Jackson, MS lawyer. You are under no obligation to file a bankruptcy at your first appointment. This is only a way to help you to get the knowledge that you deserve. Once you are fully aware of how a bankruptcy works, it will be up to you to decide whether or not you would like to file.