Monroe Bankruptcy Lawyers

Many people experience trouble with their finances at some point. Whether due to costly medical bills, credit card debt, being laid off from work, or other reasons, financial hardships are common. If you face overwhelming debt, you should consider contacting a bankruptcy lawyer in Monroe who can offer advice on personal bankruptcy and business bankruptcy in Monroe, including whether Chapter 7 or Chapter 13 bankruptcy is a good way for you to regain control of your finances.

Reasons to file for bankruptcy

While not a cure-all, when used responsibly, bankruptcy can help alleviate uncontrollable debt and the stress that accompanies it. Some of the best reasons for filing for bankruptcy are listed below.

Keeping your home:

  • If your home is in foreclosure, bankruptcy puts an end to the process. Chapter 13 bankruptcy lets you restructure and catch up on your late or unpaid payments over a specified period.

Stopping property from being repossessed:

  • Bankruptcy can help you keep your property from being repossessed. For example, if you have missed payments on your vehicle, once you file for Chapter 13 bankruptcy, those payments are consolidated into a bankruptcy plan and made directly to a trustee who then pays the finance company.

Preventing your utilities from being shut off:

  • If you get behind on your payments to a utility company, they may shut off your water and electricity. Filing bankruptcy can keep this from happening.

Ending creditor harassment:

  • Filing bankruptcy puts an automatic stay into effect, protecting you against lawsuits and virtually all actions against your property by creditors, collection agencies, or government entities.

The importance of hiring a bankruptcy lawyer

Bankruptcy laws are numerous and complicated. You may find the process of filing for bankruptcy confusing and make a mistake that jeopardizes your future. This is why it is important to hire a qualified bankruptcy lawyer. Monroe bankruptcy lawyers can help you with the following:

  • Completing extensive paperwork
  • Fighting back against creditors or lenders who question a bankruptcy filing or repayment plan
  • Keeping you informed throughout a bankruptcy petition so there are no uncertainties about the outcome

Contact Monroe bankruptcy lawyers Harrod & Harrod

Husband and wife Chet and Rebecca Harrod have over 50 years of combined legal experience. The Monroe bankruptcy services offered by Harrod & Harrod come from a genuine concern for helping clients escape financial trouble. Contact Harrod & Harrod today for a free consultation.