Bankruptcy protection is something that most people hope they will never have to use. When you realize that you do need to use it, you might battle with yourself because you want to pay your bills but you simply can't. This is a rough spot to be in, but it is imperative that you take an honest look at your finances so you can decide what to do.
Bankruptcy does have some positive points. No matter which chapter of personal bankruptcy you file under, the court will issue an automatic stay. This will give you relief from creditors contacting you to collect the debts.
There are several things that you need to do when you are beginning this process. For example, there are some education requirements like having to undergo credit counseling and debtor classes. We can help you learn about what is expected so that you can prepare for this.
Even though it is tempting to think of bankruptcy as an easy way out, it truly isn't. You will have to make sure that you are complying with the terms of the program. Once it is over, you must work to rebuild your credit, which isn't going to be easy.
As you are thinking about filing for bankruptcy, think about all the creditors you have. You can't pick and choose who you include in the filing so you need to have an accurate account of them. We can help you get your petition moving so that you are on your way to financial freedom as soon as possible.