Financial problems can creep up on us, and when they do, it can be a very overwhelming and emotional experience. While some individuals in New Hampshire and elsewhere can work their way through these problems, others need assistance finding a real solution to their debt. Although many treat bankruptcy as something to avoid, this process can be very valuable and the reason why one is able to obtain a fresh financial start.
At the Law Office of Paul Petrillo, our skilled legal team understands the ins and outs of the bankruptcy process. Thus, we know that not everyone is suited for just one type of filing. With regards to Chapter 7, we take the time to explain the process to our clients, ensuring that they understand what steps to take, what debts will be eliminated and what assets are not protected from the process.
A Chapter 7 bankruptcy is often utilized because of its ability to liquidate debts. Some seek to wipe out certain debts, causing this type of filing to be the most ideal for them. For those seeking to erase credit card debt, medical bills, utility bills, personal loans, certain judgments, back taxes and mortgages in arrears, fling for a Chapter 7 bankruptcy might be the best step. However, our law firm will note that this might mean losing a home or personal vehicle along the way.
To learn more, check out our law firm’s Chapter 7 bankruptcy website. Finding a debt solution that works for you can take time; however, timely addressing financial problems is usually necessary. Our legal team can help individuals understand their situation and how best to initiate the debt relief option that best suits them.