Bankruptcy Solutions

Apr 18th, 2014 | By | Category: Info

If you find yourself swamped in more debt than you can handle, then get yourself a bankruptcy lawyer. They will help you identify what solutions are there to help you regain control of your life.

When you’re struggling financial and feel that there’s no end to the mountain of debt you have buried yourself in, it’s easy to succumb to feelings of desperation and hopelessness. It is important for you to keep in mind that there is hope and help available. You are not the first person to find themselves in so much debt that they cannot see above water, nor will you be the last. If you find that you’re at the rest of your rope and cannot continue to pay your debt obligations, maybe it’s time you get yourself a bankruptcy lawyer. Once you get a lawyer, it is time for you start an application for bankruptcy.

And, to broaden this topic..

One of the ways a bankruptcy lawyer can help you to step out of the mess you’re in, is they can assess your situation and determine whether or not you truly need to file for bankruptcy. If it is found that bankruptcy isn’t an option for you, your attorney can over some other options that you may not have already been aware of.

If it is found that you’re a good candidate for bankruptcy, your attorney will begin the paperwork which is needed to start your claim. They will go over the various types of bankruptcies and help you choose which one is better to rectify your situation. Usually, people that find themselves knee deep in debt typically file for either chapter 7 or chapter 13. There is a significant difference between the two and if you intend to apply for either one without the supervision of legal counsel, you could find yourself stuck in debt with your case being ultimately denied.

Some benefits of filing a chapter 7 or 13 case is that as soon as you hire your bankruptcy lawyer and you file a bankruptcy case, all of your creditors must respect the law and stop sending any letters or phone calls in an effort to collect on the debt you owe them. This will include repossessions, foreclosures, credit card collections, or pending lawsuits that are currently in place. Collection efforts will start back in the future dependent upon the level of debt you owe and the nature of chapter you file. Another benefit of filing bankruptcy is that it provides you with the opportunity to start off fresh and may be the best option for rebuilding your credit after the bankruptcy case is complete.

When you file for bankruptcy, there is a mountain of paperwork that must be properly filled out and turned in before the scheduled deadline. Much of the terminology on the paperwork can be extremely confusing and frustrating for you to try and understand. This is where your bankruptcy lawyer comes in. They can navigate you through all of the paperwork, make sure that it’s filled out properly and sent in with all of the requested documents on time. You do not want to take the chance and fill out your paperwork on your own, because if there’s even one error, it can alter the outcome of your case and cost you some serious money.

There will be a hearing at which all of your creditors will remain in attendance during your case. This hearing is where your creditors will try to dispute information that you made to the courts and to demonstrate that they should always be allowed to proceed with their collection attempts. Your bankruptcy lawyer will be your voice during this hearing and convince the courts that it isn’t in your best interest for them to do so.

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