Managing your debt can be a complex undertaking. Even with the best intentions, you may find yourself unable to keep up with your bills and searching for debt relief solutions. Fortunately, Mark O. Grater Attorney at Law offers clients the benefit of more than three decades of experience, which allows this bankruptcy lawyer to devise real strategies for your most pressing legal issues.
Intensive knowledge of the bankruptcy code ensures that Attorney Grater can provide clients in Groton, CT, and beyond with the knowledge they need to manage their debt. He also recommends asking your attorney the following questions to achieve a deeper understanding of the process:
1. Which Type of Bankruptcy Works for Me?
Before filing, you must first decide whether Chapter 7 or Chapter 13 bankruptcy is right for you. Your bankruptcy attorney can provide information on which options work best, which can entail taking a means test to determine whether you are eligible for Chapter 7. In general, those with less disposable income are better served by Chapter 7, while Chapter 13 is suited to those looking for a reorganization of existing debt.
2. What Information Will I Need?
You will need to provide your lawyer with certain documentation to get started. This can include verification of income from the last six months, valuation and proof ownership for any property in your possession, info related to financial accounts, and tax returns from the previous two years.
3. Are There Other Solutions Available?
There may be better options than bankruptcy for your specific case. Some creditors are willing to enter into negotiations, which can entail selling off certain assets in exchange for a lessened total debt amount. You may also want to consider credit counseling, wherein an agency can negotiate on your behalf in order to devise a repayment schedule. Your bankruptcy lawyer can assist you in finding an amenable solution for your needs.
Clients all over Connecticut can access a full-range of legal services by contacting Mark O. Grater Attorney at Law today. Call (860) 449-8059 to learn more about what a bankruptcy lawyer can do for you. You can also visit the law firm online for more information.