If you are struggling with debt, bankruptcy may be the solution for you. Bankruptcy allows people to wipe away their debts, which means that you won’t have to worry about paying the bills and your credit score will be reset. However, filing for bankruptcy is a serious matter and should only be handled by an experienced attorney.
A Bankruptcy Lawyer Can Help You Throughout the Process
The first step in the bankruptcy process is to speak with an attorney about your situation and financial goals. He or she can determine whether or not bankruptcy is right for you, and if it is, will explain the various options available to you.
You should also ask about the fees that a bankruptcy attorney charges. These will vary depending on your circumstances, but generally you can expect to pay a reasonable fee for a lawyer’s services. Some attorneys charge by the hour, but others may have flat rates for a case.
A bankruptcy attorney can help you through every stage of the bankruptcy process, including helping you decide if Chapter 7 or Chapter 13 is best for your situation, helping you fill out the necessary paperwork and attending court-mandated meetings such as the creditors meeting.
Your bankruptcy lawyer will ensure that all your important financial documents are organized and ready to present to the court. They will work with you to gather all the necessary documentation, including tax returns and paycheck stubs. This helps to ensure that all the information is presented in a clear and concise manner.
An experienced bankruptcy lawyer can help you file your bankruptcy petition in a timely manner. This can reduce the time it takes for you to receive a discharge, which means that your debts will be wiped away.
They can also help you prepare your schedule of assets, income and expenses. This will help you determine what type of bankruptcy filing you should make and how much your monthly payments will be. They can also advise you on what types of property are exempt from being sold or redeemed by your creditors in Chapter 7 bankruptcy, and how to deal with your secured debts such as mortgages, car loans and credit card debt.
The best bankruptcy attorney in Phoenix Arizona will be able to provide you with an honest assessment of your situation and answer all of your questions. A free consultation can be conducted either in person or over the phone.
It is best to hire a bankruptcy attorney early in the process, as it can be difficult to get back on your feet without a fresh start. In addition, a lawyer can provide you with a variety of debt relief strategies to help you keep your credit score as high as possible and avoid filing for bankruptcy in the future.
Bankruptcy should be your last resort, but it can be a lifesaver when it is the only option left. If you have overwhelming credit card debt, medical bills or other debts that are preventing you from making ends meet, you should consider filing for bankruptcy before you take any further action.