The pressures of financial hardship, especially during COVID-19, may lead to the need to declare bankruptcy. The process is complicated though, and in order to make sure you are filing for the right category of bankruptcy, you may need a bankruptcy attorney to guide you through the steps.
Bankruptcy is a legal means through which individuals and business can get relief from serious financial troubles. It also provides certain rights to creditors, allowing them a share of the debtor’s assets based on the priority of their claim to the funds.
Filing for Bankruptcy
Different types of bankruptcy are available for people in different circumstances. In Chapter 13 bankruptcy, you get help restructuring debt so you can pay past creditors while still having enough money to pay your bills today. Chapter 7 bankruptcy cancels most types of debt and gives you a truly fresh start. When you meet with Attorney Joseph Ballirano, he will explain the advantages and disadvantages of each type of bankruptcy, the fees and costs associated with the bankruptcy process, and advice on how to proceed.
Do you need a Rhode Island Bankruptcy Attorney?
If you are facing serious financial challenges, it is important to seek the counsel of a skilled bankruptcy attorney to help you assess your legal options. For 30 years, Attorney Joseph Ballirano has been helping Rhode Island families that have financial troubles, and he can help you, too.
Take action today to set up a FREE assessment of your case with a reputable Rhode Island attorney. Contact us online, email email@example.com, or call 401-831-9500 to discuss your bankruptcy claim with Attorney Joseph Ballirano.