3 Reasons to Hire a Bankruptcy Lawyer

If you feel like your debt is out of control or significantly impacting your lifestyle or your ability to pay for your necessities, you need to start considering bankruptcy. A lot of people are afraid of bankruptcy. Realistically, bankruptcy can be helpful for those who need help with their debts.

If you’re considering bankruptcy, here are three reasons to talk to a Harrisonburg, VA Chapter 13 bankruptcy lawyer like one from MartinWren, P.C.

You May Have Your Wages Garnished

Creditors can garnish your wages. If you owe the IRS taxes and do not have a payment plan or cannot make payments, the IRS can begin to garnish your wages. This can cause even more of a financial burden. If you are already struggling to pay your debts, you are going to struggle more when your paycheck is reduced because of them.

To keep your paycheck steady, consult with a lawyer. If a bankruptcy lawyer helps you begin the bankruptcy process, creditors have to pause collecting on the debt.

You May Be Sued By Creditors

If you cannot pay your creditors, the creditors have every right to file a lawsuit against you. Most of the time, the creditors will send your bill to a collections agency and then if you still don’t pay, a lawsuit could be filed against you. When you have a lawsuit on your hands, it can be difficult to fight it on your own. Since there is a chance you could face a serious judgment, a lawyer can help fight it and help you eradicate your debt so that you don’t have a lawsuit on your shoulders.

You May Need Bankruptcy

If your debt is overwhelming, you shouldn’t have to fear bankruptcy. While bankruptcy does affect your credit, it is easier than you might think to rebuild it. You should talk with a lawyer so that he or she can advise you on how to get your debt under control.

Bankruptcy lawyers see clients who are struggling with debt all of the time. You aren’t alone in your inability to pay loans or credit card bills. Your lawyer will be able to determine whether Chapter 7 or Chapter 13 bankruptcy is right for you.

Don’t hesitate to call a debt settlement attorney. If you are behind on your credit card bills or loan payments, there is help available. Bankruptcy is a method to start fresh. Contact a bankruptcy attorney today to find out your next steps.