Most people wait to speak with a lawyer until they’re sure bankruptcy is the only option that’s left. It may be a good idea, however, to speak with a lawyer as early as possible. There may be more options available or there may be things the person needs to take care of before they actually file. If a person isn’t sure about filing for bankruptcy, a lawyer can answer any questions they may have and give them advice on what to do next.
Chapter 13 in Dayton OH is a bankruptcy often used for a person and not a business. The person must have an income greater than the mean income for their location and they must be able to make payments to reduce their debt. This isn’t going to be a quick fix and it does have repercussions that can be seen in the person’s credit history. However, if the person is receiving daily calls from debt collectors, is facing a foreclosure on their home, or is facing a repossession of their vehicle, they may want to consider filing for Chapter 13 bankruptcy.
Before they go ahead and file, they may want to speak with a lawyer. The lawyer will be able to answer any questions they have and review their finances to determine if Chapter 13 in Dayton OH is going to be the right option or if there may be a better route to take. If bankruptcy is going to be the right option, the lawyer can help them file the needed paperwork and can walk them through the entire process step by step. The lawyer will also field calls from debt collectors and take the steps to stop a foreclosure or repossession, depending on the person’s situation.
Anyone who is considering bankruptcy should speak with a lawyer as soon as possible. Even if bankruptcy isn’t needed immediately, the person can get advice on how to proceed to try to correct things without filing bankruptcy or the steps to take to prepare for bankruptcy. They’ll be able to find out what all of their options are and determine if Chapter 13 bankruptcy is going to be the right one for them. If you’re considering bankruptcy, talk to a lawyer today to get answers to all of your questions.