Each year in the country there are over half a million people who file for bankruptcy. It is a legal tool that helps people, including felons, to better be able to manage their debt. Bankruptcy has changed quite a bit over the years, but it is still a popular option that many people who are drowning in debt may want to consider. There is bankruptcy assistance for felons, which can help you with what you need to know about the legal option before choosing it.
There are two types of bankruptcies that felons can consider. They are called Chapter 7 and Chapter 13. Both are programs designed to give people who are heavily in debt a second chance. They provide felons with a way to manage their debt in an easier manner. Bankruptcy gives people a fresh start. Not only will it stop the calls from debt collectors, but it will make it easier to get your debt paid each month.
Types of Bankruptcy Assistance for Felons
Chapter 7 bankruptcy provides a different kind of bankruptcy assistance for felons. With this option, you will liquidate the things you owe on, with the funds from selling the items going to the company you owe the debt to. The court is allowing you to sell the items and pay your debt with the funds.
Chapter 13 bankruptcy, on the other hand, takes all of your debt and it puts you on a repayment plan. This option will allow you to pay off your debt interest free, which makes it easier to be able to bring the balances to zero. With this option, your payment will be based off of what you can actually afford each month, not what a creditor wants to you to pay each month. A judge is giving you the ability to reduce your burden and stress, while still paying off your debt.
Bankruptcy Assistance for Felons
There are numerous places that offer guidance in determining if bankruptcy is the right option to take. They will help you work through your bills, debt, assets, and situation and determine if it makes sense for your unique needs. Here are some of the programs you can contact to get more information on that guidance:
Abacus Credit Counseling – This organization will provide counseling services to help you determine if filing for bankruptcy makes sense for your situation. They offer courses and guidance. To get more information, click here.
DebtorCC – This company offers an affordable online bankruptcy class. It will give you a chance to obtain counseling regarding filing for bankruptcy. It has been approved around the country. If you decide that you want to file for bankruptcy they will also help you find an attorney in your area to help. To get more information, click here.
National Debt Relief – This company will help you determine if you qualify for debt consolidation or if filing for bankruptcy is the best option. They can find you quotes from those who can help so that you can get the best pricing on bankruptcy and debt consolidation services. To get more information, click here.
Consumers Law Attorneys – This organization will help you determine which type of bankruptcy you qualify for. They also provide “no money down bankruptcy filing.” Their information will also help you learn about the different types of bankruptcy that is available, so you can choose the right one for your unique situation. To learn more about bankruptcy assistance for felons, click here.
K. Hunter Goff – This attorney offers bankruptcy assistance for felons. The program is only $99 down to get started. Once you start the program you will have payment plans, free consultation, and will gain the benefits that bankruptcy provides. The office will help you take the steps to eliminate debt, stop harassment and garnishments, and be able to keep your assets and rebuild your credit. To get more information on this bankruptcy assistance program, click here.
Choosing to file for bankruptcy is not a decision that should be taken lightly. It is a good idea to do some research before deciding if it’s the right choice to make. When you file for bankruptcy it can have a negative impact on your credit report, which can make it more difficult for you to get loans and credit approval for years. If you decide that bankruptcy is the right option for your unique needs, then be sure to evaluate the programs available to see which one is a good fit.
In addition to programs above, you may find bankruptcy education programs offered at your local libraries. You can also reach out to attorneys who specialize in bankruptcy so they can help you with your case. By working with an attorney you will be able to find the best bankruptcy assistance for felons.
