If you have found that you are being crushed under a huge debt load and don’t have the ability to make payments, or the payments you are making are unreasonable and leave you with very little to provide for yourself or your family, you may be eligible to file a chapter 7 bankruptcy. In the past, bankruptcy was seen as admitting failure, or losing your right to ever apply for or get credit again. However, this is not true and in most cases, bankruptcy is actually very beneficial and can help an individual who is struggling with massive debt and meager finances to start over and begin leading a debt free life.
Many people attempt to file bankruptcy on their own in an effort to save money, especially since hiring a bankruptcy lawyer may seem like a frivolous expense when you already have so much debt. However, bankruptcy law is exceedingly complicated and difficult to understand. You may not be doing yourself any favors by filing for bankruptcy on your own, because you may end up with very little debt that is reduced and may lose some or all of your valuable assets.
Felipe Santo Domingo is an experienced Maryland bankruptcy attorney who can assist you in determining if filing a chapter 7 bankruptcy is the right option for you and your family. Don’t let your debts overwhelm you or creditors continue to harass you. Call today for a consultation to discuss your bankruptcy case. 1-800-Have-DUI.