Two different ways that you can declare bankruptcy are provided in the United States Bankruptcy Code. The law is very complex and you may find it hard to understand unless you get a bankruptcy lawyer to assist you. No one wants to file for bankruptcy, but sometimes there is no other way to go. If you are considering it, review your situation with the attorneys at the Law Offices of David Kohm to find which approach is the best for you.
Chapter 7 bankruptcy is one approach that you may consider if your debts are overwhelming and you want to get rid of all of them. There are some downsides to this approach, as you may imagine. Your creditors are not happy about it, but it is something that you can discuss with David Kohm. As a bankruptcy attorney in Arlington, he has seen cases much more complicated than yours, and he can advise you on the right way to go. Filing for Chapter 7 is a serious step that you need to understand if you are thinking about doing it.
Chapter 13 bankruptcy is another approach to bankruptcy that gives you some time to work out how you can pay your creditors. It is a delicate and complicated process that requires the knowledge and experience of extremely accomplished attorneys. There are snags that can foul up the process, and you need to understand that the court or your creditors may object to some of the terms of a settlement. The attorneys at the Law Offices of David Kohm have a successful record of helping others who have faced your situation.
Choosing to file for bankruptcy is a step that you want to take very carefully and only with the advice of your attorney. Your best bet is to choose an attorney who has successful experience in this area of the law. David Kohm is an authority on all forms of bankruptcy. You can get a free consultation to review your case and the options that are available to you. Call the Law Offices of David Kohm at 817-204-0900 today.
