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Talking About Filing Bankruptcy


About Me

Talking About Filing Bankruptcy

Hi, I’m Vera Poluccio. When I was going through my divorce, I spent way too much on my credit cards to support the lifestyle I was used to. When the reality of my finances set in, I was unable to recover from the credit card payments. As I slipped into a financial hole, I had to research various ways to avoid bankruptcy. Unfortunately, I was unable to avoid this inevitability, so I hired a bankruptcy attorney to walk me through the process. The attorney was able to help me discharge my debts and start off with a clean slate. My site will cover all aspects of the bankruptcy process. Thank you.

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3 Reasons to Turn to a Bankruptcy Law Firm for Guidance If You’re Worried about Your Debt

If you're highly indebted, you're probably overwhelmed. You may be straining to make monthly payments, make ends meet, and finance your lifestyle. You could also be struggling to get out of this menace. And, as the interest rates on your loans increase, you could be sinking deeper beneath the piles of bills, not to mention the stress and anxiety they come with. If you feel your debt problem is so great that you can't move forward, contact a bankruptcy law firm. Here are three reasons to seek the assistance of these lawyers. 

Explaining Bankruptcy Options

When you're on the verge of insolvency, things may seem hopeless. However, there could be a way out for you. A lawyer can tell you all the bankruptcy options, so you can select one that best fits your situation. For example, you can file for Chapter 7 bankruptcy, which will discharge all your debts, or Chapter 13 bankruptcy, which will allow you to repay your debts over time. You could also choose to keep your assets as you repay what you owe if your creditors allow you to do so. With an attorney by your side, you can be sure that your financial situation will improve.

Navigating the Legal Process

If it's your first time filing for bankruptcy, the process can be confusing and daunting. You may forget to submit a vital document or miss a crucial deadline, leading to your petition being delayed or denied. If this happens, you may have to start the process again. If you want to get over the process as soon as possible, contact a bankruptcy lawyer. They know the ins and outs of these procedures and can walk you through them quickly and smoothly. In the end, you'll achieve your aim.

Handling Creditors

Creditors will always want to collect what you owe them. If you're struggling to pay your debts, it can be challenging to keep up with their demands, causing them to be aggressive. To avoid harassment, you may even stop opening your mail or picking up your phone when you see them calling. With a lawyer by your side, you'll have nothing to worry about because they'll handle all the communication with creditors on your behalf and explain to them your current financial situation. They'll also protect you from intimidation and ensure your creditors do everything according to the law.  

You don't have to go through the insolvency process alone. A bankruptcy attorney can guide you through it, so you can make the best decisions for your future. If you're struggling with debt, don't hesitate to contact these lawyers today for assistance.