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A Trusted Law Firm Helping People File Bankruptcy: Rock Hill, SC

Dec 31

When you're looking for a Rock Hill, SC bankruptcy lawyer to help you file for bankruptcy, it's not enough to just hire the first one that comes along. You want someone who is qualified and has an excellent track record of success. This Rock Hill law firm can help you with your case!

What is a Bankruptcy Attorney?

Bankruptcy law is about relieving accumulated financial burdens. Bankruptcy attorney Rock Hill helps people to escape debt through bankruptcy by using one of two bankruptcy mechanisms or methods that are recognized under federal law. Bankruptcy Attorney may be able to guide you through making your bankruptcy petition and filings with the Rock Hill bankruptcy court. Rock Hill bankruptcy attorney for Bankruptcy may be able to guide you through making your Rock Hills bankruptcy petition and filings with the bankruptcy court. There are many reasons to file a chapter 13, but the most common reason is that people have too much debt, and they want an affordable repayment plan so they can get caught up on their bills over time. We will discuss your financial situation with you and help you to determine if bankruptcy is right for you.

How to File for Chapter 7 or Chapter 13 Bankruptcy?

The Rock Hill Bankruptcy Law Firm is here to help you with the bankruptcy process. Here's an explanation of Chapter seven and Chapter thirteen bankruptcy, and how it can help you. If you're struggling with a lot of debt but have a steady income, a Chapter thirteen bankruptcy might be right for you. In Chapter thirteen, your income goes towards your creditors instead of going back into your pocket. However, in order to have a successful Chapter thirteen bankruptcy, you'll need to have enough equity in your home to pay back through a mortgage agreement. In the case of Chapter seven bankruptcy, all of your possessions are turned over to the Bankruptcy Law Firm and liquidated. Your Rock Hill bankruptcy lawyer will then divide the money from those sales between your creditors, leaving you debt-free after a few years of repayment to your attorney for this service.

What is Bankruptcy, and Why Do People File it? 

Bankruptcy law can help consumers and businesses get a fresh start, but it's better to avoid bankruptcy if you can. Consumers and businesses use bankruptcy laws to either reorganize or liquidate their assets to satisfy their creditors when they cannot repay the money they owe. "Reorganization" typically involves settling debts for less than the full balance owed, while "liquidation," also called chapter 7 bankruptcy Rock Hill, requires the debtor to sell all non-exempt property in order to pay at least a portion of what is owed. However, these options may not be feasible without assistance from legal counsel that specializes in bankruptcy law because there are many complex rules governing this area of law.

The Process of Filing for Bankruptcy 

Rock Hill, SC residents who are struggling financially may consider filing for bankruptcy. It's a difficult decision to make, and it can have long-term consequences on your credit score. Rock Hill, SC residents, should consult with a bankruptcy attorney Rock Hill before they file for bankruptcy. Our attorneys will provide you with the legal advice that is best for your situation and help you understand the process of filing for Bankruptcy in Rock Hill, South Carolina. We offer free consultations so call today!

The Howze Law Firm - Rock Hill | Bankruptcy, Divorce, Family, & Probate Lawyer
235 E Main St #115, Rock Hill, SC 29730
(803) 324-9009
https://thehowzelawfirmllc.com/