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chapter 13 bankruptcy attorney Modesto should be sure to do research in order to find a well-versed lawyer. For more information, visithttp://www.bankruptcycenterhelp.com/chapter_13_bankruptcy.html.">For many Americans, the greatest struggle each day brings is the challenge of surviving under the immense weight of debt. Being in debt doesn’t just affect your financial life, it also affects your career, your relationships, your home, your family, your self-esteem, and how you feel about the future. Those who live each day with creditors calling at home and at the office, letters from collection agencies, and threats of civil lawsuits and even criminal action hanging over their heads often begin to feel as if they’re drowning, and there’s simply no way out. While an estimated 80% of Americans are currently in debt, for some people, the burden becomes unmanageable as each month brings higher interest rates, more late fees, and a sense that there’s simply no end in sight to an overwhelming situation. A Chapter 13 bankruptcy attorney may be the person to lead you out of the dark. While bankruptcy is not a viable alternative for everyone, for some, it can serve as a much needed life preserver. For many individuals struggling with unmanageable debt, even while holding down a full-time job and receiving a regular paycheck, filing for Chapter 13 bankruptcy can be the first step to a second chance at a brighter financial future. The aim of Chapter 13 bankruptcy is not to get out of paying creditors or to find a quick fix to all your financial worries; rather, it’s a court-ordered structured repayment plan that helps you get out of debt without the pressing burden of late fees and exorbitant interest rates, obstacles that sometimes make paying off debts seem completely impossible. If your claim is approved, the court will work out an agreement between you and your creditors where you’re required to pay toward your debt each month, but in return for your willingness to make good on your debts, your creditors will offer lower interest rates or even forgiveness of part of your outstanding debt. A Chapter 13 bankruptcy attorney can explain in further detail and help you get on the right path. Unlike Chapter 7 bankruptcy, the court will not order that your house, automobile, or any personal possessions be sold at auction in order to satisfy your debt. The purpose of this type is simply to restructure debts to make the goal of paying them off a more realistic one, and to help you get through your day without harassment from creditors. Those eligible for this type of bankruptcy should contact a Chapter 13 bankruptcy attorney in order to schedule a consultation, as it may help create a more secure financial future. When seeking a chapter 13 bankruptcy attorney Modesto should be sure to do research in order to find a well-versed lawyer. For more information, visithttp://www.bankruptcycenterhelp.com/chapter_13_bankruptcy.html.
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