No one plans to go into debt, but it can happen all too easily. After you have borrowed more than you can afford to pay back, you may feel hopeless and overwhelmed. Debt collectors may begin calling your home, sending you letters and even contacting you at work. Fortunately, no matter how much you owe, there is a way out of debt. By filing for bankruptcy protection, you can stop the debt collectors from calling and get your life back on track.
Bankruptcy is a legal process designed for debt relief. There are two primary types of bankruptcy commonly utilized by individuals: chapter 7 and chapter 13. Chapter 7 bankruptcy allows you to liquidate some of your assets, repay as many debts as you can and discharge the debts that remain. Although this type of bankruptcy may require you to sell certain assets, many of your most important assets, such as your home and vehicle, may qualify for exemption from the process. You must meet certain income requirements in order to file chapter 7 bankruptcy.
Hire a Lincoln Bankruptcy Attorney
Filing for bankruptcy can be confusing, especially when you are already dealing with the stress of unpaid debts. For this reason, it’s wise to hire a Lincoln bankruptcy attorney to guide you through the process. A bankruptcy attorney who has experience in the practice area can help you thoroughly analyze your options, choose the best type of bankruptcy for you and maximize the benefits of the entire experience.
Working with Tregg Lunn Law
If you are in need of a Lincoln or Lancaster County bankruptcy lawyer, look no further than the Law Office of Tregg Lunn. Attorney Tregg Lunn and his associates at the Law Office of Tregg Lunn understand all of the nuances of the bankruptcy process. If you choose to work with Law Office of Tregg Lunn, Tregg will be by your side every step of the way, from your initial filing to your final discharge.
You don’t have to live under the weight of unpaid debts any longer. To learn more about filing bankruptcy, or to schedule a consultation, contact Law Office of Tregg Lunn today. We look forward to helping you become debt free!