With creditors calling on the phone and threats being made to garnish wages, it’s easy to feel scared and overwhelmed. Despite looking at the numbers over and over again, it seems impossible to try and get out from under the debt. Is it possible to get debt relief in Jonesboro, GA? For some residents, the answer can be found in filing for bankruptcy. There are qualifications for those looking to go this route; however, the results can offer peace of mind and provide a quick reprieve from all of the collection agencies.
While bankruptcy offers real solutions, it can be an overwhelming process: lots of paperwork combined with deadlines and requirements can be a lot for a person already working hard to keep their head above water. Because of this, it helps to turn things over to a law firm specializing in bankruptcies. An experienced professional can work with clients to make the process as smooth as possible, walking them through every step and making sure that everything is handled sufficiently.
The first step is always an initial consultation. There are two different types of bankruptcy that a person can look into. One offers the opportunity to come up with a debt repayment plan and gives a person a break from all the phone calls from lenders. The other allows some of the debt to be forgiven. However, it is important to find out which one a person qualifies for before moving forward. Not everyone will be able to get some of the debt forgiven, which is another reason why it’s a great idea to have a lawyer involved in the process of debt relief in Jonesboro, GA.
Once a type of bankruptcy has been decided on, it’s time to get the process started, meaning gathering up all the information so that there is a true accounting of how much money is owed and who it goes to. If a payment plan is the goal, a client and lawyer work together to come up with a plan that will fit into a family’s budget and still end up paying off the debt.
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