Where Can People Find Debt Relief in Clayton?

by | Aug 6, 2015 | Lawyers

Dealing with debt is often like trying to keep a wild animal calm. Though a person does all they can to deal with their debt, it seems to continue piling up and getting further out of control. People who are dealing with more debt than they can handle will often find there are options that can help to free them from the excessive debt they owe so they can regain control of their finances. With Debt Relief Clayton, people can be given options for legally overcoming their debt.

No matter the reason a person has become entangled in excess debt, there may be a solution through bankruptcy. There are a couple of different bankruptcy options that can allow a person to finally get Debt Relief Clayton. To start the process of filing for bankruptcy, a person may need to meet certain criteria. It is important a person meets with an attorney and brings in their financial records. With a careful review, the attorney can find the right solution for the person’s debt situation, so they can be free. Visit their website to learn more.

Chapter 7 is a type of bankruptcy that is for individuals to file. When people file for this type, their bankruptcy is generally complete within a six-month time frame. A trustee is appointed over the case and sees that any extraneous property is sold to pay off debts. The trustee is also allowed to discharge some or all of the debts a person owes, depending on the type.

There is also another option for bankruptcy through chapter 13. When a person files for this type, they are held responsible for paying their bills through a combined monthly payment paid through the court. People are typically given three to five years to pay off their debts. This type of bankruptcy is beneficial for individuals who are nearing foreclosure or repossession.

Those in need of information on Debt Relief Clayton can receive the help they need through calling the Law Offices of Steven K. Brown. Mr. Brown and his team help debtors gain control of their debt so they can experience a brighter financial future.

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