Making the choice to file for bankruptcy is never an easy one. First, you have to think about the pros and cons and figure out what kind of bankruptcy you can file.
There are two main ways to file for bankruptcy, and you should know that it is not an easy process. You can do it on your own if you know the laws and the two types of bankruptcy you can file. First, there is Chapter 7. In Chapter 7, assets are sold and the money is used to pay off debts. This lets you pay off your debts faster. With Chapter 7 bankruptcy, you sell your assets to pay off your debts, and within a few months, you will have charge-offs on your credit report. The next way to file for bankruptcy in the United States is through Chapter 13. Chapter 13 is the way to pay back what you owe with little or no interest. This means that you have to file Chapter 13 with the courts. Then, all of your debts are put together, and you are set up to pay back those debts every month until they are paid off. This is the way to go if you have a steady job but can't pay all your bills every month.
When you think about both of these options, it can be hard to figure out which one is best for you and your situation. The best thing to do is to talk to a lawyer who can help you figure out what kind of bankruptcy you should file and help you file the papers with the courts.
When looking for a lawyer to help you with your bankruptcy case, you should ask some important questions to help you decide. Don't just think about fees and payment prices; there are other things that are just as important, if not more so.
Important Questions To Ask
Ask each lawyer you talk to how long they have been practising and how much experience they have. Ask the lawyer about their experience and what they specialise in. When choosing a bankruptcy lawyer, you also need to find out about fees and payments. Also ask yourself some questions. Questions like, "Does the lawyer seem smart?" Is the staff in his office organised and on time? If you can, ask the lawyer some questions about how he or she works with clients. The law does say that an attorney can't talk about a client unless the client gives him permission. These questions can help you choose the best person to represent you.
Comfort and Peace of Mind
When you meet with your lawyer, does he or she seem to care about what you have to say? Do you feel comfortable talking to your lawyer about all parts of your decision to file for bankruptcy? Do you trust that your lawyer will be able to do everything that needs to be done in your bankruptcy case? If you feel uneasy in any way, you might want to keep looking at possible lawyers for your case. You have to feel safe enough to be able to trust your lawyer with your money. This will make the process of filing for bankruptcy much less stressful and make it move along much more quickly.
