Four Common Situations That Require Legal Aid
Nobody wants to invest in professional legal aid, but there are some cases where it is an absolute necessity. When it comes to finding proper legal representation, it’s important for you to know what you need representation for and what you can handle by yourself. There are any number of legal dealings that you might need an attorney for, but in today’s blog post, Groce & DeArmon will look at four common situations that require legal aid.
We specialize in bankruptcy protection, so today we look at five common situations where you might need legal representation for financial troubles.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the most common form of bankruptcy in the United States. Often referred to as straight bankruptcy or liquidation bankruptcy, Chapter 7 is a filing that liquidates your assets in order to pay off your debt. This is done through a trustee who oversees your case and helps to sell your assets and distribute the money to creditors to alleviate your debt.
While this is a very common form of bankruptcy, it can still be very complicated. You will have to gather all of your financial records and make sure that you are in good legal standing. The best way to make sure no mistakes are made and that you are put in the best financial position possible is by seeking legal aid.
Chapter 13 Bankruptcy
If Chapter 7 bankruptcy is the most common form of bankruptcy, Chapter 13 is not far behind. Under a Chapter 13 filing, debtors are given a monthly payment plan that will help them manage their debts and get them paid off over a 3-5 year period. After that period of time, the debtor is usually given a discharge of debt, seeing that they faithfully made their payments.
While Chapter 13 requires more work over a longer period of time for the debtor, it also has a more complicated and rigid entrance process. Legal counsel can help make sure that you are filing for the right chapter and are legally covered.
Foreclosure is among the most stressful situations that any person will face during their lifetime. Nobody wants to lose their home, and although many homeowners facing foreclosure are hardworking Americans, lenders are not partial. If foreclosure is a threat, it’s important to seek out legal aid immediately to see what you can do to stay in your home or how to make the process easier on your finances.
Repossession, especially of a car or vehicle, is a more present danger to your way of life because it will affect your ability to get to and from work on a daily basis. If you have a family, it can pose an even bigger problem as you have to get your kids to and from school and activities.
Repossession happens when you are habitually struggling to make your payments, so if you are falling behind, be sure to get in contact with an attorney immediately. Legal aid can help you understand the severity of your situation and provide solutions.
Contact Groce & DeArmon For Legal Aid Today
At Groce & DeArmon, we specialize in legal aid for bankruptcy, foreclosure, and repossession situations. We want to help find you the best possible solution for your circumstance. Give us a call today at (417) 862-3706 or contact us online for more information.