There is a deep despair that creeps into a person’s life when they are unable to meet their financial obligations. Don’t let feelings of failure, anger, or despair overwhelm you. Often, unexpected twists in life happen. Events you can’t plan for may be out of reach, even if you have an emergency fund, especially if the emergency occurs all at once.
When you realize you can’t keep up, there is hope. Bankruptcy offers relief to people like you. A Bankruptcy Attorney can guide you through the process and ensure you don’t have to endure more stress than necessary.
The first step
You may know what action to take, but taking the first step is the hardest part. Everyone has a unique situation, so meeting with a Bankruptcy Attorney can help you work through the process. They will do an aptitude test, and that will help you figure out which bankruptcy chapter to file. From then on, you can make a plan and talk through all the steps so you feel comfortable with the process.
You’ll need to complete a few worksheets and collect your documentation, such as tax returns, deductions, bank statements, current bills, and loan documents, all six months ago. You should also show what your current expenses and debts are, and what income and assets you have. The trustee will need to see these documents to see why you need bankruptcy relief.
Another task you must complete is an online credit counseling course. This is a required course that is easy, affordable, and will hopefully be a good educational tool to help you rebuild your finances.
When you have completed gathering your documentation and have a certificate of course completion, you will be ready to apply. When you file, you will receive your case number and your automatic suspension will take effect. Automated stays allow you to provide your lender with a case number and my information, and they will no longer call you. The relief from bankruptcy filings will begin, and you can now focus on rebuilding your life and future.
At Home Stretching
Bankruptcy does take time, and while it isn’t finalized at this point, most of the work will be done. Just a few simple steps and you will be able to relax as your Chapter 7 pays off all your debts or your Chapter 13 payment plan will be structured with affordable payments. No one can stand under the weight of debt forever. When you run out of resources and ability to pay, a Bankruptcy Attorney can take the burden off your shoulders and provide assistance for you.
