There’s nothing wrong with having debt. Most Americans have one or two credit cards in their wallet and home ownership is a dream many people share. However, when those debts get out of control, it is important to know where to turn for help. When credit problems are minor, such as when you are going to be late with a credit card payment because your car broke down and you needed to get it repaired so you could go to work, you may be able to work something out with your credit card company over the phone. However, when you have major credit problems, you may need professional Debt Relief in Indianapolis IN.
A bankruptcy lawyer may be the best person to advise you on how to handle your debt issues. If you have not missed more than two payments on your mortgage and you have an income, a lawyer may be able to help you get a loan modification or make other arrangements with your lender to restore your loan to a current status so you don’t lose your house. Unfortunately, many people try to resolve the debt problems on their own and don’t contact and attorney for help until it is too late.
The most effective form of Debt Relief in Indianapolis IN for people who are seriously behind on their bills and are unable to solve the problem on their own is bankruptcy. The bankruptcy code offers two options to individuals and couples. Chapter 7 allows people who qualify to erase all of their unsecured obligations while Chapter 13 requires a repayment plan but allows those who file to keep their assets. An attorney can help you decide which option is best for you and your family.
Contact The Wright Law Group of Indianapolis as soon as you know that you are in trouble with your finances. An attorney can give you the legal advice you need to make the best decision with regard to your personal situation. If bankruptcy is the best option for you, your attorney can help you with the filing and represent you throughout the process.
