Many people who are faced with mounting debt opt for bankruptcy to stem the financial fallout. In this case, working with a skilled bankruptcy lawyer like those found at the Arnold Law Offices is imperative to ensure the best results for your case. These Pell City, AL, lawyers have a reputation for providing dependable service, no matter the complexity of the legal topic at hand. The following are just three ways an attorney can help you navigate bankruptcy proceedings.

Help You Decide Between Chapter 7 & Chapter 13

If you plan on filing for bankruptcy, it’s extremely important to know the difference between Chapter 7 and Chapter 13. With Chapter 7 bankruptcy, those who file can potentially have most of their debt discharged, but could face loss of property. Conversely, Chapter 13 bankruptcy is more of a repayment plan which provides a three to five-year term to settle any outstanding debt.

Provide an Unbiased Perspective on Your Case

No matter which option you choose, a bankruptcy lawyer will also be helpful for providing an unbiased perspective on your case. Contending with financial hardship can be difficult, and you may not make the best decisions for your future when stressed about debt. An attorney will use their background and knowledge of your case to point you in the right direction.

Acquaint You With Other Debt Relief Solutions

Bankruptcy may not be for everyone. In this case, a bankruptcy lawyer may acquaint you with other options, including debt consolidation. With these plans, your debt will be bundled into a single amount, which can greatly reduce interest rates and other expenses.

At the Arnold Law Offices, each case is given the utmost attention to ensure client needs are met and the best possible outcome is achieved. Schedule your consultation with a skilled and knowledgeable Pell City attorney by calling (205) 338- 6565 today. Want more information on your debt relief options? Be sure to visit the website.