Law Offices of Rob Nichols Provides Bankruptcy Basics

Nov. 16, 2011 - PRLog -- Before anyone can apply for bankruptcy, they need to know what they are getting into. Woodland Hills based attorney Rob Nichols is well versed in all aspects of the current bankruptcy laws. He’s been focusing on bankruptcy litigation since the beginning of his career over ten years ago. In that time, he has helped many persons and businesses navigate through the numerous bankruptcy laws by first providing an understanding of the basics of bankruptcy.

A common area of concern for many people today is the mounting amount of debt they find themselves in. This individual debt mirrors the national debt, as too much money has been borrowed with not enough coming in. There are many factors that can go into a growing debt, such as a loss of job or devaluation of a home. Because of that, average citizens are no longer able to meet their financial obligations. This is when bankruptcy can provide a legal option for folks to get out from under that debt and begin to rebuild their financial security.

“Debt has become a serious epidemic in the United States. Millions of Americans are burdened with inescapable amounts of debt, with usually no way out. With the increase in consumer debt, creditors are becoming harsher and have started implementing more aggressive tactics against debtors who owe them money,” states Rob Nichols’ website. It is those “aggressive tactics” that cause many homeowners and hard working Americans to become subjected to the problems associated with stress. These stress factors can lead to some serious health problems, which will only add to the debt crisis.

In terms of applying for bankruptcy, a person has the option of filing for Chapter 7 or Chapter 13. Attorney Rob Nichols and his staff will explain the differences and what the costs will be in terms of future credit rating. Making an informed decision about such an important matter is the only way to proceed, and the necessary information is provided by Rob Nichols and his staff.

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About the Company:
The Law Office of Rob R. Nichols is conveniently located in Woodland Hills, California. We are dedicated to providing you with the personal attention you need. You will not speaking with paralegals or secretaries, but assisted all along the way by a compassionate attorney who will be able to address all of your legal needs and help you through the legal process.

Contact:
Rob R. Nichols
The Law Office of Rob R. Nichols
5850 Canoga Avenue, 4th Floor
Woodland Hills, CA 91367
818-914-4741
http://www.nicholsbankruptcylaw.com