If you are looking for a good lawyer in Omaha to help you deal with financial problems, you will want to know what to look for as you decide who is best for your needs. By browsing websites and online reviews, you can get a good feel for what lawyers are available and in what fields they focus their practice. By choosing an attorney who has a lot of experience specifically in bankruptcy law, you will be able to feel confident about making the right decision for your financial future.
When you are interviewing potential lawyers to represent you, make sure to focus on those who will give you a free initial consultation. This gives you the opportunity to see what they have to offer, how well they understand and listen to your needs, and the confidence to make a good decision without spending any money up front. The right lawyer in Omaha will be proficient at helping you assess your financial situation and see what decision is best for you.
Many people decide to file chapter 7 bankruptcy, which eliminates much of their unsecured debt and stops the harassing phone calls. Chapter 7 is the most common type of bankruptcy filed in the United States, but it does carry the negative side of staying on your credit report for 10 years. You also have the side effect of not having technically paid all your creditors in full, because with chapter 7, an individual liquidates most assets to pay off what they can to their creditors, after which the debt is declared legally paid.
Another potential way to get back on your feet through the legal process is by filing chapter 13 bankruptcy. With this type of arrangement, your lawyer will help you have your debt obligations reorganized into manageable payments so that you can get back into good standing with your creditors. It also releases a portion of your unsecured debt through the process of making arrangements with creditors to change your terms and loan periods. The benefit of this type of bankruptcy is that you will have it listed on your credit report for 3 years shorter than chapter 7. However, you will have more debt to pay back so you may struggle longer before getting back on your feet. The right experienced lawyer in Omaha can help you make the right decision for your situation and needs.
