Have medical bills drowned you in debt? Are you struggling to make ends meet while you pay off looming credit cards? No one wants to admit that debt is overwhelming and although it is always the last option, filing for bankruptcy is always an option. How do you know if it’s a good option for you and if there is any other way out? That’s where the experienced team at Pond Law Firm can help. We have decades of experiencing good people just like you who find themselves facing growing debt. With our skilled guidance and knowledge of the bankruptcy process in Attala County, Mississippi, you can overcome your financial woes and move toward a brighter tomorrow!
A good starting point is to uncover your options. Pond Law Firm will meet with you to assess your financial standing and discuss which bankruptcy petition is the best for your particular situation and goals.
Chapter 7 bankruptcy is an option for those with assets that can be liquidated to pay off debts. Pond bankruptcy lawyers will help protect your interests, such as knowing which exempt assets, such as a house or car, you can keep. We can also help determine if you qualify for Chapter 7 bankruptcy through passing a means test. This indicates if you meet the criteria including an income that is below the state’s median income. Then we help you through the process of gathering all the essential paperwork, submitting all the proper documentation, defending you in court (if necessary), arranging your required educational coursework, liquidating assets, overseeing payment of creditors, and finalizing the discharging of all other debts. Basically, we’re there with you every step of the way, ensuring every aspect is taken care of and your best interests are protected.
Filing for Chapter 13 bankruptcy requires the reorganization of debt. If you have a reliable, steady income but debt has taken over your financial standing, this is a good option. To be eligible for Chapter 13 bankruptcy in Attala County, MS, you must have a record of consistent employment AND prove that your debt is lower than the designated federal limit. If you qualify under the stipulated criteria, then your debt will be organized into a repayment plan. The plan typically lasts from three to five years, after which any remaining debt will be discharged, that is, if you paid your plan on time and consistently. Additionally, in Chapter 13, you are most often able to retain your valuable assets, like your vehicles, house, and so forth. Pond Law Firm can guide you through the entire Chapter 13 process, ensuring that your repayment plan is viable and fair, as well as fighting to help you keep as many assets as possible. Just as with any of our bankruptcy services, we’re there by your side for the entire process, providing invaluable legal advice and guidance.
For the financial relief you deserve, contact us today at Pond Law Firm. We are here to provide compassionate, experienced legal representation for bankruptcies in Attala County, MS, and beyond. Our team is dedicated to helping you get back on track financially, and together, we will make that a reality!