Patricia McCarthy understands the stress that financial problems cause for individuals and their families. The firm provides solid solutions to ease transition through difficult financial times.With a carefully tailored strategy for each client, the Law Office of Patricia McCarthy will help protect clients’ rights and property. Patricia McCarthy can keep creditors at bay and help clients keep their home, vehicles and other property. The firm is committed to providing clients with immediate debt relief and with assistance in starting over.Chapter 7 and Chapter 13 are the most common consumer bankruptcy types. Chapter 7 involves liquidation and distribution of assets to creditors. Chapter 13 involves rehabilitation and government protection.Under the Bankruptcy Abuse Prevention and Consumer Protection Act that took affect October 17, 2005, many cases that once were eligible for Chapter 7 relief will now have to be filed as Chapter 13 bankruptcies. This will require debtors to pay back a portion of their debts through a Chapter 13 plan. Additionally, debtors will be required to complete a course in financial management prior to getting a Chapter 7 discharge.
If you are in financial trouble or are contemplating bankruptcy, it is vital that you speak to an attorney who knows how the new law will affect you. Patricia McCarthy will carefully review the facts of your case and formulate a plan for achieving your financial goals.
Chapter 7 bankruptcy is what you file when you cannot pay your bills no matter what you do including liquidating assets or taking out more loans. It’s the final solution for many people swimming under so much debt. But bankruptcy is a scary process. It may destroy your credit for up to seven-ten years. But if you consult with a knowledgable bankruptcy attorney, you may be able to determine the best solution to your financial predicament.
If you are planning on filing Chapter 7 bankruptcy because you have no other options, then you definitely want an attorney to help you get through it. You will be so glad to have that one person on your side in the end.