When a heaping amount of debt is the main course instead of a side dish on your budget plate, it’s time to see a bankruptcy lawyer. At The Law Offices of George Mitris, in Rochester, NY, a seasoned bankruptcy lawyer discusses when Chapter 7 or Chapter 13 bankruptcy is the right debt relief solution. The law firm has experience counseling and representing individuals in bankruptcy cases throughout the Rochester and Monroe areas.
In these three situations, filing for bankruptcy is typically recommended:
- Excessive Unmanageable & Unsecured Debt: You cannot make minimum monthly payments on high amounts of credit card debt, personal loans, medical and hospital bills, or other consumer debts. Creditors continually call and lawsuits are possible, despite your best attempts to pay.
- Wage Garnishments: Collection actions on judgments for consumer debts are taking place, reducing your available income. You have no expectation of a wage or salary increase or other financial resources, such as an accident settlement or an inheritance.
- Foreclosure Or Repossession: Your home is in pre-foreclosure, or you are behind in your rent payments and facing eviction. Your motor vehicle has been or is about to be repossessed, or you are stuck in a title loan debt cycle.
Under these circumstances, filing a Chapter 7 or Chapter 13 bankruptcy brings immediate debt relief. As soon as the bankruptcy lawyer files the petition, the court imposes an automatic stay of all collection actions. At the Law Offices of George Mitris, a bankruptcy lawyer will review your situation in detail. Their debt relief recommendation will be tailored to your individual needs and goals, and these bankruptcy experts will help you add more greens to your plate.
Eliminate overwhelming debt from your budget diet. Seek counsel from a bankruptcy lawyer at The Law Offices of George Mitris today. Call (585) 225-7830 to schedule a free consultation, or get more information online. You can also connect with the law firm through Facebook and Google +.