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Bankruptcy can take time but is often worth it

| Nov 4, 2019 | Chapter 7 |

Deciding to take any major step to deal with a personal issue can be difficult. Many Louisiana residents may worry that they will make the wrong choice and that their situations will only get worse. However, if individuals are struggling with substantial debt, they may want to consider filing for bankruptcy.

Certainly, it can be hard to move forward with this process, but often, individuals who successfully complete bankruptcy find themselves in better financial situations afterwards. Of course, going through the necessary steps takes time, and even if parties go through Chapter 7 bankruptcy, which is the quickest and most commonly filed type, the process can still take four to six months to finish. As a result, petitioners will want to make sure that they are ready for the length of time it will take.

Additionally, some people may worry about filling out all of the paperwork associated with bankruptcy. It is true that these forms can be complicated, but the information provided can help ensure that a person’s debts are fully disclosed and that a particular case is handled appropriately. It is important to provide truthful information on all paperwork.

Though bankruptcy can come with some difficulties, Louisiana residents do not have to worry that they will not know what to do. They can reach out for help throughout the process to lessen the confusion of the paperwork and the steps involved with this debt relief method. Experienced attorneys are available and happy to help struggling individuals get their financial affairs back on track through Chapter 7.

Facing Overwhelming Debt?