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Filing bankruptcy can have a profound impact on your financial life and future, so it’s important to understand what you’re getting into. When you first meet with a bankruptcy lawyer, knowing what to ask will help you make the right decisions and meet your goals. Below are three crucial questions to ask at this meeting.

What Type of Bankruptcy Should I File?

There are two types of bankruptcy available to most consumers. Chapter 7 bankruptcy discharges most of your unsecured debts and provides a clean financial slate. Chapter 13 bankruptcy is not a discharge of debt, but a repayment plan; the plan consolidates your debt into a manageable monthly sum that you repay over an extended period, typically three to five years. Your bankruptcy lawyer will help you determine which is the most appropriate option for your situation.

What Are the Benefits of Filing Bankruptcy?

bankruptcy lawyer Redding CARegardless of the type of bankruptcy you file, you have an opportunity to take control over your finances. If paying off your debt feels insurmountable, getting the legal help you need to discharge or restructure your obligations can change your life. Knowing what you owe and how you will meet that goal makes every money-related decision, from budgeting to spending and saving, much easier.

How Will I Be Charged?

Bankruptcy lawyers should be upfront about their fees and let you know at your first meeting how much they will charge you. Since bankruptcy is a financial matter, this is critical information that will help you decide whether to proceed with a particular attorney Unlike most bankruptcy attorney’s Mark Briden. Law will take payments over a 4 month period.  Normally a case will be filed when one half of the attorney fees and the filing fees have been paid. The balance can be paid in monthly payments.

It's easy to feel overwhelmed by mounting debt, but you always have options; start exploring those options by calling Mark Briden Law today. This firm has been serving clients in the Redding, CA, area since 1987, helping them restore their financial health. Call (530) 222-1664 to schedule a free consultation with a bankruptcy lawyer.

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