When your debt becomes more than you can manage on your own, you may want to use every legal avenue available to you to deal effectively with it. Instead of trying to make payment arrangements with each one of your creditors, you may instead want to liquidate or reorganize your debts
However, you need to hire a lawyer to represent you in either of these filings. You can legally handle your debt and get the advice and representation that you need during the proceedings by hiring professional bankruptcy attorney services.
Choosing the Right Filing
When you retain bankruptcy attorney services, you can determine what type of case to file to deal with your debts. The type of bankruptcy filing that you choose will depend on factors like how much that you owe, how much money that you earn, and whether or not you have filed a previous bankruptcy in the last eight years.
If you earn less than the federally stipulated means limit and have not filed a bankruptcy in the last eight years, you may be eligible to file a liquidation or Chapter 7 bankruptcy. However, if you have filed in the last eight years or earn above the means limit, you may have to file a Chapter 13 bankruptcy, which consolidates all of your debts into one lump sum.
Filing the Case Quickly
When you want to file for bankruptcy, you want to get your case filed right away. You do not want it to languish in the lawyer's office or on the court docket. Before your case is filed, your creditors can continue to take actions against you, including garnishing your wages and seizing your bank account.
Your lawyer can file your case within a matter of weeks, if not days. Once your case is filed, your creditors must release their garnishments against you and stop the freezing or seizure of your assets, including your bank accounts. You will once again have access to your full income, assets, and accounts.
Finally, when you retain bankruptcy attorney services, you can get help completing the required credit counseling courses. The federal court requires you to take this counseling so you understand how to start your finances anew. You learn how to become a responsible borrower.
Bankruptcy attorney services can provide helpful benefits. You can get your case filed right away. You can also learn what case type to file.