When you are dealing with loads of debt and feel like you are actually drowning in it, you can feel overly stressed. With creditors calling you every day and making threats to garnish your wages or take you to court, you may feel helpless. If you are going through this type of situation, you do not have to go through it alone. There are ways you can legally get out of your debt and start a better financial future for yourself. If you have tried all you can to unburden yourself of debt and are getting no relief, Chapter 7 Bankruptcy in Hamilton, OH may be your answer.
What Is Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy in Hamilton, OH is a type of bankruptcy that allows you to keep your exempt property, but requires you to liquidate all of your non-exempt assets, to be used to pay your creditors what you owe them. You will first need to begin the process of filing through your attorney. He or she will assist you in filing your petition properly, so the court may consider your case. You will need to include information on all of the debts you owe, your assets and your income. In the process, a bankruptcy trustee will be placed over your case. He or she has the power to absolve you of your debts and will work to liquidate all of your non-exempt property, making sure it is distributed to your creditors.
This process takes around four to six months to accomplish. Once the process is complete, you will be free of your debt and can begin rebuilding your financial future. Your attorney will work with you throughout the process, making sure your rights are protected and you understand all that is taking place with your bankruptcy case.
If you are going through mountains of debt and feel there is no way out, contact Dean Snyder Attorney At Law. He can help you with your debts, so you will know what your options are in filing for bankruptcy and which type will best benefit your needs. This will allow you to finally be free of the debts you owe.