Chapter 13 bankruptcy is a common form of legal paperwork that can help you avoid further problems. This comes about when you owe a lot of money to a creditor and want to get some relief from this debt. It's a sensitive matter that you will need to address to the fullest, and this requires you to know as much as you can about bankruptcy, how it can be helpful to you, and what you'll have to do.
It can be intimidating to sit before a bankruptcy trustee when filing for bankruptcy, but this is a necessary step in all Chapter 7 cases. You will likely only have to do this once, though, which will take place during your 341 meeting of creditors. This meeting is designed for several purposes, and here are some of the things you should expect during it.
You will meet the trustee handling your filing
If you haven't had much luck getting out of debt on your own, now is a good time to consider working with a debt consolidation attorney. Aside from consolidating your major debts, here are a few things that an experience debt consolidation lawyer should be able to do for you:
Enjoy Lower Interest Rates
While your past due accounts do unpaid, they get higher and higher thanks to accruing interest.