Dec 11, 2013

Posted by in Uncategorized | Comments Off on How You Can Get Permanent Debt Relief in Plainfield, IN

How You Can Get Permanent Debt Relief in Plainfield, IN

The bills are at a point where the total amount of debt is overwhelming your ability to pay it all off. In fact, it feels like that every last penny you make is going to all of the bills, leaving you with almost nothing. It’s getting difficult to keep up with simple daily living. Making it worse is the feeling that you’re just about to get to the point where you are going to have to pick and choose what bills to pay. When it comes down to it, it’s no way to live. This is the time to start looking at Debt Relief in Plainfield, IN.

When you are at the point of sacrificing your quality of life to pay the bills, you are no longer living your life. You need Debt Relief in Plainfield, IN and you need it soon. The most effective form of debt relief is to file for bankruptcy and eliminate the debt for good. Filing for bankruptcy and receiving a discharge means that all of the debts are gone. They can never be collected upon for the rest of your life. In return, you get your life back, money in your pocket and the ability to move forward without a cloud of debt over your head.

Taking this act requires filing a petition with the court that asks for relief from your debts. Once the petition is filed, a series of events starts to unfold. First, you receive the automatic stay of creditors, which prevents any creditors from contacting you. Next, the trustee assigned to your bankruptcy reviews the petition, and looks into all of the information you’ve provided in order to determine you’re telling the truth. You then meet with the trustee at the 341 meeting of creditors, in which any creditor who objects to your bankruptcy can show up to. After the meeting, the remaining time is for creditors to make late objections, or to begin payments on the plan, depending on which chapter of bankruptcy you filed under. Provided all is satisfactory, you receive your discharge in the stated time.

For more information about filing for bankruptcy, contact The Wright Law Group, LLC today to talk to a lawyer.

 

 

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