When you are in debt, making sense of the financial options available to consumers to eliminate debt can be extremely difficult
Boston, MA (PRWEB) March 28, 2007
The decision to file bankruptcy is often stressful and complicated. Legal Helpers selected LifeTips for content development services to help people in debt understand the bankruptcy process, from finding a bankruptcy lawyer to rebuilding credit in the future. Legal Helpers is now the exclusive sponsor of the bankruptcy tip site in the LifeTips network.
"Financial loss is a complicated situation. No one wants to file bankruptcy, but if you have to, rest assured we've got the tips to help you through it," said Byron White, President of LifeTips.com. "Whether you're seeking bankruptcy filing information by state, seeking a bankruptcy lawyer, or looking for financial tips to help you recover financially from your bankruptcy filing, the Bankruptcy.LifeTips.com site is your guide."
Sample Bankruptcy Tip:
- What is Chapter 13 Bankruptcy?
"Also called a wage earner plan, Chapter 13 bankruptcy allows individuals who have consistent income to create a plan to repay all of their debts or a portion thereof. Usually the debtor will petition creditors to accept installments over a three to five year period. Throughout this time frame, creditors are forbidden from either starting or continuing any collection efforts. Depending on the debtor's income level, the bankruptcy code and rules determines the time period allowed for repayment. There are a number of advantages to selecting a Chapter 13 over a Chapter 7 liquidation. The most significant benefit is saving the debtor's house from foreclosure."
"When you are in debt, making sense of the financial options available to consumers to eliminate debt can be extremely difficult," said Michael Samec of Legal Helpers. "That is why Legal Helpers is happy to provide some useful information to consumers to better understand their legal options. As one of the largest bankruptcy law firms in the U.S., Legal Helpers has the experience to help Americans get a fresh start."
Read more great bankruptcy tips at http://Bankruptcy.LifeTips.com.
About Legal Helpers
The law offices of Macey & Aleman, operating as Legal Helpers in some states, with a web address of http://www.legalhelpers.com, is a debt relief agency helping people to file for bankruptcy under the bankruptcy code. Founded in 1994, the firm is one of the largest consumer bankruptcy law firms in the United States, employing over sixty attorneys across twenty-one states.
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