—
Bankruptcy attorney Bryan Keenan explained this week how people facing bankruptcy could take several steps to safeguard their financial futures and wipe away debt in the process.
For more information please visit https://bryankeenanattorney.com
In an interview, the founder of Bryan P. Keenan & Associates, Pittsburgh, PA, commented that the widely held assumption that bankruptcy signalled the end of people’s financial power and would lead to the loss of all their assets was not necessarily valid.
Appointing a bankruptcy specialist, such as Keenan, enables them to assess whether they are better off applying for chapter 7 or chapter 13 bankruptcy – two types of bankruptcy avenues that you can go down.
Given all the documentation is at hand, an attorney can quickly complete a pre-filing credit course on your behalf before filing for a bankruptcy case. This can be done online, and once done, an attorney can then review the paperwork, sign it, and file it to a local court.
Following this, there will be a meeting of creditors, and whether it’s a chapter 7 or chapter 13 path a person has taken, the course is set.
If you have opted for chapter 7, then you’ll be discharged 60 days after that creditors’ meeting. For chapter 13, you’ll be given a three to five-year timeframe to make payments before you get your discharge.
Keenan commented: “A Chapter 13 cannot run longer than 60 months, so you will have to be disciplined. But then, stretching the payments over 60 months enables you to keep pace with payments and allows you to save any extra money for any emergencies you need to spend on.”
He added that if something happens, such as the loss of a job or long-term sickness, and a person cannot afford to pay back on a Chapter 13 agreement, they could have it converted to chapter 7 and wipe away any debts they have.
However, as each person’s circumstances are relatively unique, the best course of action is to seek the guidance and help of a senior bankruptcy attorney who will be able to review matters and discuss options going forward, concluded Keenan.
source: http://RecommendedExperts.biz
Contact Info:
Name: Bryan Keenan
Email: Send Email
Organization: Bryan P. Keenan & Associates
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220
Phone: 412-922-5116
Website: https://bryankeenanattorney.com
Release ID: 89069987
