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How to File Bankruptcy With Help From Joseph I Wittman Attorney at Law in Topeka, KS

Filing for bankruptcy is a process that involves several steps, depending on the type of bankruptcy. It is important a person meets with a lawyer so they can understand their rights and the steps involved in the process. Meeting with Joseph I Wittman Attorney at Law in Topeka KS will allow a person to get started on the process so they can legally overcome their debts.

Options For Bankruptcy

When someone is in over their head with debt, it is important they seek legal help from Joseph I Wittman Attorney at Law in Topeka KS. There are a couple of options available when it comes to filing for bankruptcy. It is important a person discovers all they can about their options so they can make the best choice for their needs. The following are the two types that are available to individuals.

* Chapter 13 is a type of bankruptcy for those with mostly secured debts. This type of bankruptcy allows a homeowner to keep their home and avoid foreclosure. With this type, a person will need to make monthly payments through the court. This is set up through a payment plan that allows the individual to pay off their debt over a period of three to five years, depending on how much time they are granted by the court.

* Chapter 7 is a bankruptcy type that allows individuals to settle their debts quickly and efficiently. As long as their income does not go over the median income for the state, they will be approved. Some debts can be absolved through Chapter 7. If a person owns certain types of assets, these may be liquidated to pay off the debts they owe.

Tips For Getting Started

If a person finds they need to seek bankruptcy, they will need to schedule a consultation appointment with the lawyer to determine which one will be most beneficial for their financial needs. The lawyer will need to see the individual’s financial records, tax records, and other pieces of information.

To learn more about your bankruptcy options, Visit the website. Call the office today if you would like to schedule an appointment right away.

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