If you are upset because you have been getting harassing phone calls at work from lenders, then it’s time to learn about bankruptcy. You don’t have to put up with abusive, threatening phone calls at work or home from lenders. There are laws in place to protect you from this sort of treatment. Many unethical creditors threaten to take their debtors to court. Others say they will garnish the wages of the people that owe them money and even repossess their assets. There are actions you can take to help ensure this does not happen. More people are out of work than ever before. Having to make decisions about what types of bills to pay is difficult enough without having to worry about constant harassment from creditors.
It’s a good idea to talk to a leading Bankruptcy Attorney Mason Ohio such as Dean Snyder Attorney At Law to get the most up-to-date information about bankruptcy laws. The federal bankruptcy laws derive their authority from the United States Constitution. Article 1, Section 8 gives Congress the power to make laws that are fair and uniform in nature. The procedural aspect of bankruptcy is complicated and in depth. The rules for the administration of this legal maneuver come from the Federal Rules of Bankruptcy Procedure. These rules are sometimes referred to as the “Bankruptcy Rules.” Local laws also apply when a person applies for bankruptcy. A qualified Bankruptcy Attorney Mason Ohio should be privy with this information.
There are three main ways to file bankruptcy. Chapter 7 deals with liquidation. Chapter 11 involves reorganization of a partnership or other legal entity. This can also apply to an individual under specific circumstances. In addition, Chapter 12 provides for an adjustment of debts that fits with a person’s income. This means a deal is made with creditors so they can get a portion of what they are owed.
Before you decide to file for bankruptcy, check with an attorney at Dean Snyder Attorney At Law. He will be able to inform you of the alternatives available to you. Once you have all the facts, you can make a well-informed decision for a brighter financial future.