Women who have a lot of debt may feel the stress and strains of trying to make all of the payments each month. They may not even be able to keep up, which makes them fall behind even more. When this happens, it isn’t long before they tend to feel buried in debt. The good news is at there is a way out, and it’s called bankruptcy. While it may not be the right decision for everyone, it’s good for those who are struggling with a lot of debt to know that there is bankruptcy assistance for women.
In the past, people could declare bankruptcy and essentially walk away from most of their debt and get a fresh start. However, the laws regarding bankruptcy changed along the way, and today there are two main options for individuals to choose from. Bankruptcy is the process of discharging a person’s debt and/or making a payment plan so that they can gain more control over their situation. There are two types of bankruptcy for individuals, which include Chapter 7 and Chapter 13.
The Chapter 7 option is considered the traditional one, and includes the process of you giving back items you own on that are not exempt from the bankruptcy. This allows you to get rid of things you owe on and immediately cut your monthly expenses. In order to qualify for a Chapter 7 bankruptcy the court would need to see that you don’t earn enough money to cover the debt you have. Chapter 13 bankruptcy is another option, which allows you to keep the things you owe on, but will restructure your payment plan, so that it is easier for you to manage. With Chapter 13, your monthly payments to the lenders you owe would be lowered, making it easier to make the payments.
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Bankruptcy Assistance for Women
Women who are considering bankruptcy will want to ensure they are getting assistance from a reputable organization or company. There are most likely attorneys in your area who specialize in bankruptcy and may even specialize in bankruptcy assistance for women. Their services will help you to complete the necessary paperwork to file for bankruptcy, answer your questions regarding the process, and guide you through the process as it makes its way through the court system.
In addition to your local attorneys that offer bankruptcy assistance, you can find online programs that can provide bankruptcy assistance for women. Some universities offer bankruptcy assistance clinics. Contact the universities in your area to inquire if their law school offers any bankruptcy clinics. The clinics that they offer give law students the experience helping those who need assistance with bankruptcy, and provides a low cost option for you.
If you need an attorney to help with your bankruptcy, but you are unable to afford one, then you can seek out a pro bono attorney. A pro bono attorney will provide legal assistance for free, usually to those who can demonstrate that they cannot afford to pay for an attorney. The best way to locate a pro bono attorney in your area is to contact the state bar association in your state. Call the state bar and let them know you are trying to find a pro bono attorney in your area. They will have a database of all attorneys in the state that provide pro bono assistance, and will be able to tell you if they handle bankruptcy cases.
Additional Bankruptcy Assistance
In addition to these places, you can find many companies online that will provide bankruptcy assistance for women. Legal Zoom offers a bankruptcy evaluation online. Their free online bankruptcy evaluation tool will help you determine if filing for bankruptcy is the right decision for you. Their process includes you being able to choose a law firm to work with that will assist you with your case. They also have bankruptcy specialists that you can call to speak to about your options, ask questions, and get more information from.
America’s Debt Help Organization provides a range of tools that can help women considering bankruptcy. They provide useful information, debt calculators and tools, and access to a variety of debt relief services to consider. Whether you are seeking debt relief by working with a local bankruptcy attorney, or you are more comfortable seeking help and guidance online, you will find that there is an option to help everyone.
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