The economy is struggling, and so are hard-working people all across the nation. There is no shame in falling upon tough times. Sometimes, no matter how hard you work and strive to pay your bills on time every month, you just can’t make it happen, for one reason or another. It may feel like there is no way out. However, you have options.
If you’ve tried every other option available to you, such as debt consolidation or consumer credit counseling, and nothing has worked, bankruptcy is always an option. There are several types of bankruptcy filings. Depending on which you choose, you could end up wiping out all of your debt. You may also choose to be relieved of the large majority of your debt, leaving you with a manageable payment each month. The chapter of bankruptcy that you choose depends largely upon your own desires and how much of your debt you can afford to repay.
When you file for bankruptcy relief, it can be a long, drawn-out process, but the end result is worth it. You’ll have to open up every aspect of your finances for the court’s perusal and answer many personal questions about your income and your debts. If the court deems appropriate, you will be granted your petition for bankruptcy. Once the proceedings are over and your resulting debt (if any) is paid, you are free to move on and start a new.
While it’s absolutely possible to file for bankruptcy without the assistance of a licensed attorney, it is not adviseable. A competent bankruptcy attorney deals with hundreds of cases like yours each year, and knows the ins and outs of bankruptcy laws in a way that no layman can learn in such a short time. Your attorney can help you determine the best way to relieve you of your burden of debt and handle all the stressful paperwork so you don’t have to.
If you are contemplating filing bankruptcy to ease your financial burdens, there are many Bankruptcy Attorneys Fontana to choose from. Contact an attorney today to get started on the process to have your debt either partially or fully erased so you can start fresh with a clean slate and move on with your life.
