Dealing with debts of any kind is never easy. When debts begin to pile up in great numbers, it can become impossible to pay them off and become free of debt. Many people simply ignore the harassing letters and phone calls, hoping they will go away. Unfortunately, this often makes the problem worse. Instead of ignoring bill collectors, it is important to face them head on and see if they are willing to work with you. If you have run out of options and cannot find relief from your debt, it can be helpful to contact attorneys in Glendale, AZ.
An attorney who deals with bankruptcy cases can give you the option of filing for chapter 13. This type of bankruptcy is beneficial for those who owe debts that are secured, such as cars and property. With this bankruptcy option, the collection calls and letters not only stop, but the pursuit of repossession and foreclosure do as well.
Chapter 13 can be filed by the attorneys in Glendale, AZ. They will first need to go over the debts that a person owes versus how much income they have coming in. This will determine if this option will be one that will help them to finally overcome their debts once and for all.
This bankruptcy allows a person two to five years to pay off the debts they owe. The period of time given to a person will be determined by the bankruptcy judge. He will decree a payment is paid through the court each month. This payment is often lower than a person would have been paying for their bills. The amount paid each month is distributed among the creditors a person owes.
Once the bankruptcy period is over, there will be no more threats of foreclosure, repossession or wage garnishment. This allows a person to start a new future with a better financial outlook. Click here and learn how they can assist you in overcoming your debt and stopping the harassment. Call them today and schedule your consultation appointment.
