You need bankruptcy advice, no matter how confident you feel about your knowledge and skills. If you were knowledgeable and knew what you were doing, you wouldn't reach a position of filing bankruptcy.
Additionally, credit counseling is a legal requirement. You can't file a suit unless you produce certificate of attending credit counseling. Thus, it is legally required that you get expert advice prior to filing a petition with the court of law.
Bankruptcy Process 'Looks' Very Easy
You might think the process of filing a petition is going to be an easy cake for you. Contrarily, bankruptcy is an extremely stressful experience. You have to be content with strained personal relations and inability to get loans or credit for many years. Filing papers the wrong way can lead to a judgment against you. Thus, seeking expert legal advice becomes imperative.
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The Possible Alternatives
Usually, bankruptcy is the last resort. However, wrong advice can paint a rosy picture for bankruptcy. The fact remains that your creditors can't initiate any legal proceedings against you. Your exempt assets and properties can't be reattached by the creditors. You are safeguarded against all kinds of harassments - including phone calls and emails from debt collectors.
Freedom from debtors is a good thing. However, you will also pay a big price for it. Legal advice is not just about hastening your way to being declared bankrupt. It is also about showing you alternatives that give you realistic opportunities for rebuilding your finances. Although bankruptcy is the only resort, in some cases, it can be a better option than a debt consolidation or alternative payment plan.
How Do I Know If Bankruptcy Is The Right Choice
There is no magic formula to tell you whether bankruptcy is the best option you have. However, professionals like bankruptcy lawyers have lots of experience dealing with bankrupt people. They know where people have gone from bankruptcy. Some people successfully reorganize their finances. Sheer determination is the most important factor in their success. Your lawyer, counselor, and similar professionals can tell you if bankruptcy is the best choice you have.
Bankruptcy can change your life forever. It is often touted as a 'fresh start'. You are starting on an all new life. In addition, you also have a lot at stake. It is to be understood that not all your debts are nullified with one declaration.
Expert Advice Helps
After taking a close look at your income, assets, and liabilities, your advisors can suggest you a plan. The right kind of legal advice tells you about the right chapter to file under, personal budgeting, and planning to secure your future.
The implications of bankruptcy are to be considered in detail. The effects on your credit ratings, assets, income from job, etc. are taken into account. Only an experienced professional can identify the implications of bankruptcy in all counts. So, it doesn't hurt to pay for some expert bankruptcy advice.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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