There are many good reasons to use an experienced attorney is you are considering filing for bankruptcy. One top reason is that creditors often try to take advantage of people who are filing on their own — which is known as filing “pro se.” Less than scrupulous creditors rightly assume that non-attorneys simply do not have the legal knowledge to handle the process properly. They, the creditors, are in the driver’s seat — they use skilled attorneys to plead their case.
Are you considering bankruptcy but are confused by your various options? After all, what are the differences between Chapter 7 and Chapter 11? And what about Chapter 11 – who has even heard of that one!
If you’d like to do your research from the beginning, use our blog as a resource. Click on the topics below and go right to the information you’re wondering about. Let’s start with Chapter 13.
One question people often ask me when considering a bankruptcy concerns their ability to one day own a home again. Basically, they ask, “Will I ever be able to qualify for a home loan again?”
There are many reasons for people to file for Chapter 13 bankruptcy. One reason in particular is the effect it can have on your car loan. People in Chapter 13 have a chance to reduce their interest rate on a car loan. People with a poor credit rating often get a terrible interest rate on their car loan — 15, 20 percent and even higher. (Learn more about your credit rating here.)