Credit collectors can drive you crazy, even when it’s only one collector. With the constant calls, letters and even emails now, they have multiple ways to get ahold of you and they may even try to get ahold of you multiple times a day. If you are receiving calls from multiple credit collectors each day, it can easily get overwhelming, especially when you don’t have the money to cover all of the bills. If you’ve found yourself in this situation, you may be looking to Stop Creditor Collections In Dayton Oh.
When you have too many debts to pay them all off and you are struggling to make ends meet, you may want to consider speaking to a lawyer about bankruptcy. While this is usually a person’s last resort, if you’re struggling it may be something to consider. A lawyer can help you to find another way to clear your debts when possible, such as debt reconsolidation. When there are no other ways for you to clear your debts, however, they may recommend that you file for bankruptcy.
There are two main chapters of bankruptcy for an individual, Chapter 13 and Chapter 7. Your lawyer will fist consider you for Chapter 13, in which all of your debts will be consolidated into one monthly payment which you will repay over a period of three to five years. If you can’t make the payments, they may consider helping you file for Chapter 7 bankruptcy. This is where you will give all of your non-exempt assets to a trustee who will then sell them to attempt to make enough money to cover your debts. This is usually completed in less than 6 months. In either case, your bankruptcy may stay on your credit history for up to 10 years, but you will no longer have the debt collectors calling you for payments.
If you’re looking to Stop Creditor Collections In Dayton Oh, the first thing you may want to do is speak with a lawyer. Not only can they help you decide if bankruptcy is right for you, but they can also take the debt collection calls for you so that you will no longer receive them. Take the steps towards financial freedom today and speak with a lawyer for help.
