If you've just become one of the 1.5 million Americans who file for bankruptcy each year, you're probably feeling that your finances are beyond your control. But despite this feeling, declaring bankruptcy doesn't mean that you have to turn over all responsibility for your finances to the court system. Whether you've declared chapter 7 or chapter 13, taking charge of your bankruptcy is the most important thing you can do to secure your financial future.
Taking the First Step
Whether it's due to a failed business venture or accumulating medical bills, declaring bankruptcy means that your finances have fallen apart. When the monthly payment on your credit card exceeds your monthly income, you, may have no choice but to turn to the court system for relief. But there's still room for personal involvement in the process. There are steps you can take to ensure that your bankruptcy is carried out in the most effective way possible - giving you a clean slate and hope for a better future.
Cheap Bankruptcy Lawyers, Bankruptcy Lawyers In Salt Lake City, Bankruptcy Attorney Portland,
Get Help
One of the first things that many people who declare bankruptcy face is a looming mountain of paperwork. From a list of all personal possessions, to a detailed description of all income over the past few years, it will take some time to fill it out correctly. Most of those who have been through a bankruptcy say that the best way to do this is to hire an expert bankruptcy attorney for the job.
A good lawyer will explain every detail and make sure that your documents are filed the right way the first time. If you've declared chapter 13 bankruptcy, you may have to pay back only a percentage of your unsecured debt over the course of three to five years. A qualified attorney will work to negotiate the best terms possible.
Take Charge
You'll also have to attend various court dates. Not appearing at court could result in your bankruptcy being dismissed, so make sure to keep track of all dates and deadlines. A new law states that everyone filing for bankruptcy must also complete a course in personal financial management. Taking this course is not only a pre-requisite for a bankruptcy discharge, it is also a valuable resource for information than can help secure your financial future.
Give Yourself a Helping Hand
The courts are making most of the decisions now - along with the trustee, they'll decide when documents are due, if assets have been discovered, and when and if your debts will be discharged. But just because they're in control doesn't mean that you can't be too. Keep track of what's new with your case so that you can be prepared for every step along the way. What's the best way to stay informed? Sign up to an online bankruptcy monitoring service, an email service that sends weekly bankruptcy updates to members. They'll keep you informed of everything that's happened in your case in a convenient and easy-to-read email format.
Despite what many people may believe, declaring bankruptcy is not a way to relinquish responsibility for your finances. Now is your opportunity to take charge of your bankruptcy case - your first step toward a new financial beginning.
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.
Rating of Bankruptcy Attorney Houston
Get Online Application at online Bankruptcy Lawyer.
0 comments:
Post a Comment