When you are dealing with creditor calls day after day, one thing that you may be considering is filing for bankruptcy. Learning more about how to file for bankruptcy can allow you to make the right decisions for you and your life. To ensure that you make the smartest decision for you and your financial future, you want to be sure that you get an attorney who can walk you through the bankruptcy process from start to finish.
Finding a Bankruptcy Attorney
There are many attorneys who claim to be experts in bankruptcy filings, but you want to be sure that you find one that truly focuses on helping people just like you file for bankruptcy. They will understand the paperwork that needs to be filed and the timeline in which it needs to be filed. Missing a deadline can end in your bankruptcy being denied.
Getting Your Ducks In a Row
It will take some effort from you to be sure that you give your attorney all of the information possible. It is essential that you do not keep anything to yourself, as it could constitute bankruptcy fraud, which could end up with you in jail. Claim all of the property that you have and do not hide anything. This can make all the difference.
Determine What Kind of Bankruptcy
There are two main types of bankruptcy that you can file. The first is Chapter 7. In this type, your belongings could be liquidated to pay your debts, but in most cases, the debts are discharged. Chapter 13 bankruptcy is when you present a repayment plan to the court that allows you to pay debts via your income to the court, who then pays the creditor. Payments are made for a period of 3 to 5 years and at this time the debt is considered fulfilled.
When you are being stressed out by creditors calling you at work, on your cell phone, and at home, you may see no light at the end of the tunnel. However, filing bankruptcy can be a way for you to get a new start. By learning more about how to file for bankruptcy, you can make sure that you make a decision that you will be proud of for years to come.