Many people over the past few years have faced financial hardships due to unemployment or upside down mortgages, and many of them have considered bankruptcies to help alleviate their debt. However, with the changes in bankruptcy law in 2005, it is more important than ever that an experienced bankruptcy attorney be consulted before any action is taken. For residents of West Virginia and Maryland, the law offices of Trozzo, Lowry, Weston and Rock have the bankruptcy experience they need to guide them through the process.
Deciding whether or not to file bankruptcy is not an easy decision to make. While it may be beneficial if a person is thousands of dollars in debt or if a client’s home is about to be foreclosed on, for many people, bankruptcy make not be prudent. Rather than rushing into the decision to file bankruptcy, residents should retain a Keyser, WV Bankruptcy Lawyer and seek their advice.
Many people are still not aware of the changes to bankruptcy law that were made in 2005. That is one reason someone experienced in this field should be retained before deciding upon a course of action. An experienced attorney will be able to look at a client’s situation and advise them on the best way to handle their debt. Rather than file bankruptcy and go through those proceedings, the attorney may be able negotiate settlements and repayment terms on behalf of their clients.
People who are drowning in debt assume everything they owe can be filed in their bankruptcy, giving them time to reorganize and come up with a way to handle their debt. They may also assume that filing bankruptcy means they no longer owe a debt. Unfortunately, that isn’t always the case, and an experienced Keyser, WV Bankruptcy Lawyer can advise their client’s about their rights and responsibilities under current bankruptcy law, deciding if a bankruptcy is the best course of action for them.
Don’t file bankruptcy without consulting with an experienced bankruptcy attorney to find out how filing may or may not help alleviate financial burdens. An experienced attorney may be able to help find better solutions than bankruptcy, or they will guide their clients through every step of the bankruptcy process.
