Wednesday, June 26, 2013

Speak with a Bankruptcy Lawyer about What to Expect

If you feel overwhelmed by debt, then bankruptcy may be able to put an end to your financial stresses. There are a variety of debt relief options available, so bankruptcy may not necessarily be the right choice for you. A qualified Wichita bankruptcy lawyer can advise you on which options are available to you and what may best fit your needs.

How Often Can You File?

Typically, a person can file for bankruptcy every eight years, on average. This is why it is so important to get everything right the first time around. By having a skilled attorney on your side, you can ensure that you have filed correctly and according to the court’s set guidelines and timelines.

Consider the Advantages

Every person is different so there are no exact expectations because the results will vary based on the situation. There are a variety of advantages commonly associated with filing for bankruptcy, including the following:

·         Achieve a fresh financial start.
·         Put an end to creditor harassment and wage garnishments.
·         Stop foreclosures on your home.
·         Put a stop to any auto repossessions.
·         Gain control of your financial life again.

Consider the Risks

While there are a number of reasons to take advantage of bankruptcy, you should also carefully consider any associated risks and downsides, including the following:

·         The bankruptcy will remain on your credit report for  7 to 10 years, making it very difficult or impossible for you to file for credit.
·         Some debts, such as child support, alimony, court fines, student loans, and more, cannot be discharged.

How an Attorney Can Help

Make sure to carefully choose your future bankruptcy attorney. They should have the skills, experience, and resources necessary to provide your case with the time and attention it deserves.

An attorney can remain by your side every step of the way to ensure that your questions and concerns are addressed as soon as possible. Scheduling an initial consultation with a Wichita bankruptcy lawyer as soon as possible will allow you to determine if the benefits outweigh the risks and if a bankruptcy is the right option for your situation. 

No comments:

Post a Comment