Family Law Attorney

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If you currently own a home in America, you have fulfilled the American dream. Buying a home is one of the fastest and most effective paths to raise wealth in any country – particularly in the U.S. Buying a house is known as a way to store wealth and a way to provide a home for your family. It is also known as a symbol of being independent and is a secure investment for future growth and stability.

House Ownership and Bankruptcy

With home ownership comes many problems, such as a large amount of debt. Buying a house becomes particularly challenging if you recently have filed for bankruptcy. If you are currently facing bankruptcy, you will need a skilled bankruptcy attorney to help you understand the bankruptcy process under Chapter 7 or Chapter 13.

As common as this American dream of homeownership is, the financial setbacks and excessive debt stop millions of people from fulfilling their dream. This severe indebtedness not only affects their financial life but their day-to-day struggles.

For many struggling with debt, bankruptcy is a practical way to deal with indebtedness. Many people use bankruptcy as a way to stop collections, which offers a way of discharge from certain debts. As a result, it also lessens the day-to-day and month-to-month burden associated with debt collection. It is an effective way to freshen your financial aspects of life. You can speak to a skilled attorney to see if you qualify for a Chapter 7 bankruptcy.

Bankruptcy is usually a better option than to continue collecting more debt. It also has some aftereffects. Many misconceptions and myths exist regarding bankruptcy, which leads people to believe it is far more intimidating than it is.

Filing for bankruptcy will eventually allow you to purchase a house – once everything starts to get back to normal. Bankruptcy makes people regain their ability to take part in the economy. It makes the life of a consumer easier – not more difficult.

If you need to file for bankruptcy under Chapter 7 or Chapter 13, or if you require assistance in determining any other real estate or family law related matter, feel free to schedule a free consultation. Contact Casement Law Group at (847) 888-9300 to speak with an experienced bankruptcy lawyer to help understand your rights and obligations.