Have you ever thought that maybe it’s time to talk to a bankruptcy lawyer?
Yes, it is a sad reflection on the financial condition of the world today that more and more people are contacting filing for bankruptcy. Ten years ago no one would have thought of it, it was something you read about in the newspapers when businesses went broke.
Now it seems that everyone is going broke. So times have changed. If your debts are ruining your life and you do not know which way to turn, it is time you spoke to a bankruptcy lawyer.
The mere term bankruptcy spreads a pall of gloom. However this is not the way to interpret it, it should be looked at as a new beginning rather than an ignominious end. If you can adopt that mindset you will find the entire process so much easier to endure.
Finding a law firm that specializes in consumer insolvency will be easy. They are multiplying faster than your debts. The inference should be obvious and give you added confidence. Without a doubt, you are not alone.
Find a law firm that will give you a free consultation to explain the avenues open to you and what each one entails. Under the United States Bankruptcy Code you can file for bankruptcy under Chapter 7 or Chapter 13. If these solutions are not right for you it may be that your debts can be rescheduled or even consolidated.
Filing for bankruptcy is only one option. They will have to take into account your income and your assets before making a decision. In many cases debt consolidation or even debt rescheduling may be a better way to go.
In any case, you will need professional advice and assistance to talk to your creditors and get them to agree to a new plan. After all they want their money and if they have to wait a little longer they should not be unreasonable.
If you are advised to file for insolvency under Chapter 7 of the US Bankruptcy Code (or Chapter 13 in some cases) there is a lot of work to be done before your case can go to court. Fortunately, your lawyer can attend to most of it. You will have to subject yourself to a means test however. The great thing is that once the case is filed you are safe to a great extent.
Your home cannot be repossessed and your creditors cannot continue to harass you. Not that they have any legal right to harass you at any time but it is a sad fact that many will resort to such tactics.
If you have exhausted all of your options and are overwhelmed by debt, find a good bankruptcy lawyer. Every minute means more money wasted and the stress levels rising. Don’t feel bad and don’t delay; it happens to the best of us sometimes.