Financial emergencies happen when you least expect it. Unfortunately, your bills don’t stop. When you can’t afford to pay your bills, it can lead to major problems. Sure, some billers will work with you and give you a little time. But eventually, this time will run out and the next thing you know, you’re behind. Your next course of action may be to file for bankruptcy because you don’t want to lose your valuable assets. However, you shouldn’t go it alone. A bankruptcy lawyer rockville md can guide you along the way.
Assess Your Financial Situation
A bankruptcy lawyer has the knowledge and expertise to extensively examine the condition of your finances. As a result, your attorney can advise you on the best course of action to take. Furthermore, an experienced bankruptcy lawyer will give you a detailed description of your rights and responsibilities regarding your case. With extensive experience in handling similar cases, your lawyer will know what to do and say if your case goes before a judge.
Save Your Home
If you wait too long to talk to a lawyer about bankruptcy options, it could cost you your home. That’s why it’s so important to consult with a lawyer as soon as you realize you can’t make your monthly mortgage payment. This will ensure that you’re informed about the possible options that are available to you. Based on your situation, your bankruptcy attorney will advise you on the best option to ensure you keep your home and resolve your debts.
For example, your attorney could advise you to file either a Chapter 13 or Chapter 7 bankruptcy. He or she will inform you that each option has its pros and cons.
Filing for bankruptcy is probably the last thing you want to do. However, your bankruptcy lawyer can help you keep your assets and pay your debts.