The need to file for bankruptcy is place where most people never think they will find themselves. This is a serious financial decision that comes with very important benefits and impacts. You should make sure that you understand all of them before you make the decision to file. We can help you to learn all about them while you are considering your options.
One of the things that you need to know about bankruptcy is that all cases aren't created equally. One form of bankruptcy, Chapter 7, requires the court to liquidate your assets to cover what they can for your debts. Another common form of bankruptcy is the Chapter 13, which doesn't require liquidation of all your assets but it does require that you make regular payments to the bankruptcy trustee to pay off a portion of the debts.
Each of these types of bankruptcy has specific criteria that must be met in order to make a successful petition. We can evaluate your case to ascertain which form of bankruptcy is appropriate for your needs. Once we figure this out, we can get your case filed so you can enjoy the benefit of the automatic stay that will stop creditors from contacting you.
On top of knowing which form of bankruptcy you need to file, you need to be prepared to deal with the education requirements of filing. The goal of bankruptcy is to help you control your debts so that you are able to have a fresh financial start. The bankruptcy system requires that you learn about responsible money management so that you have the best chance possible to get your finances in order and keep them that way well into the future.