Given the current economic climate, more and more people are finding it difficult to keep up with their bills, mortgage payments, and even just to make ends meet on a daily basis. This is certainly more of the case in high tax environments.
It is not cheap to care for and house a family in the District of Columbia and sometimes, unforeseen events such as a medical emergency, loss of job, etc. can take a toll on anyone’s finances substantially. If you are in a similar situation then it may be time for you to contemplate what your options are.
Furthermore, at a time when you are already under immense stress financially and generally, creditors may also add to your stress levels by being intimidating and threatening in forcing you to pay up. One of the best options for you to turn to in such a situation in order alleviate your struggle is bankruptcy.
There are several different types of bankruptcies in the District of Columbia, including the following main ones:
- Chapter 7
- Chapter 11
- Chapter 12
- Chapter 13
If you need legal help along these lines you are in the right place. This site has proven to be a game changer for thousands of people. In fact, there is people alive because of what we have built here. We take monumental pride in making it easy for anyone to find the legal help they need in a tranquil manner. Our legal representatives pounce on cases and help people out of their financial jams.
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Chapter 7 bankruptcy – an overview
Chapter 7 bankruptcy is also known more commonly as a fresh start bankruptcy. As the name suggests, acquiring this type of bankruptcy will effectively give you a fresh start by virtue of discarding all of your current and past loans and mortgages. However, it is not the easiest type of bankruptcy to file for and be provided with.
But if you do quality, you even get to keep your house, car, and other property.
A common misunderstanding about chapter 7 bankruptcy is that it’s only for low wage workers, while in reality even white collar professionals are just as eligible to file for chapter 7 bankruptcy as well. Do not assume!
Chapter 11 bankruptcy
This kind of bankruptcy is meant for small business and corporations. When such companies find themselves in a tight spot financially and are unable to even supply their payroll or manage their taxes then they can file for Chapter 11 bankruptcy.
Chapter 12 bankruptcy
This kind of bankruptcy is meant for family farmers and family fishermen exclusively. When such workers become burdened by insurmountable loans, they can seek help and relief by filing for Chapter 12 bankruptcy. They may be relieved of their loans without having to lose their house, car, or other property too.
Chapter 13 bankruptcy
Chapter 7 bankruptcy, while highly desired, is not something everyone can qualify for. For those who are out of scope for Chapter 7 bankruptcy, their next best option is Chapter 13 bankruptcy.
Call a legal pro and get all the help you need today!
If you are paralyzed by loans, what you need is a seasoned District of Columbia bankruptcy lawyer for help. You will find the just the type of legal counsel you need if you use the interactive map right here at USAtorney.com. We also have a robust local lawyers’ directory search engine on our home page.
Both these tools will get you access to the leading legal pros in your county or city. The listings are complete with phone numbers so you can pick up the phone and call them right away. You only need one though. That’s it. No more hassles of searching through any yellow pages or dealing with the normal search engine noise.
If you have any issues feel free to message one of our representatives on the live chat forum or enter a few details in the free case evaluation form and we will contact you as soon as possible. This is what we do. We want to help set you straight!
No one in America should be left stranded on a figurative island without having stress free access to salient legal counselors.