Your personal debts have begun to overwhelm you. The phone calls from collectors start the moment you wake up in the morning and last throughout the day. You don’t believe you will ever get away form the debts you have.
Filing For Bankruptcy
Filing for bankruptcy should be your very last option to get out of debt. Basically, you are declaring to your debtors that you have no financial means to repay them. Bankruptcy simply doesn’t erase your debts as if they no longer exist. During a bankruptcy, you will have a judge absolve your debts by figuring out what assets and possessions can be sold. The money from these items will be given to your debtors as other debts will be forgiven. This is called a Chapter 7 bankruptcy. A Chapter 13 will enable you to reorganize your debts allowing you to repay them within timeframe, usually within 3-to-5 years.
Hiring A Personal Bankruptcy Attorney
The world of bankruptcy can be very confusing. You must file certain paperwork within a specified period of time, follow certain procedures, make court appearances and pay specific fees. If you forget to do something or make a mistake with the paperwork, your filing won’t go through and you will have to file all over again. Ensure you have as smooth of a bankruptcy proceeding as possible by hiring a personal bankruptcy attorney.
A bankruptcy attorney can review your case regarding your income, assets and debts as they provide you with the best advice on how to proceed with a bankruptcy filing. They can inform you about the different bankruptcies you can file for such as a Chapter 7 or a Chapter 13, and what you will need to do when you appear in court.
Timing is extremely important when you are filing for a bankruptcy, especially for a Chapter 7 bankruptcy. So you need to start looking for an attorney immediately once you decide that this is the best option for you to take concerning your debts. Always look for a personal bankruptcy lawyer who specializes in either Chapter 7 or Chapter 13 filings as the attorney needs to be knowledgeable in regards to making certain calculations when it comes to Chapter 7 bankruptcies.
A Personal Bankruptcy Attorney Can Make The Process Easier
Don’t go into a court hearing unprepared for what goes on during a bankruptcy proceeding. Hire a bankruptcy attorney who has the knowledge about the laws regarding the filing of bankruptcies so they can help you prepare the filings and answer the judge’s questions concerning your debts and income. They can simplify the confusing process involved so that you can resolve your debt problems as you get back in control of your life.
Most bankruptcy attorneys will ask for a one-time flat rate fee at the start of their services. If you can’t afford to pay the attorney, you can try to see if the lawyer will accept payment installments. The attorney may decide to put you on a plan due to not having the money to immediately pay for their services.
Get The Help You Need – Contact Your Local BK Attorney at: BankruptcyAttorney.com