If you are considering bankruptcy, then you should definitely not proceed with it without first consulting a bankruptcy attorney. While the process can seem overwhelming, a bankruptcy attorney can help you navigate the often-daunting process of filing for bankruptcy, negotiating settlements with your creditors and filling out all of the appropriate paperwork. A bankruptcy attorney is an experienced professional who has dedicated their career to helping people like you navigate the bankruptcy court system and ultimately find the financial freedom and relief you are looking for. When you are considering filing for bankruptcy, you should speak with an experienced bankruptcy attorney as they will have the knowledge and expertise to best represent your needs. They will be able to guide you through every step of the process, answer any questions you may have and ensure that you have made the best financial decision for your family and yourself. Many people believe that filing for bankruptcy is a one-time process where once you have completed the process you are finished, but that is not the case. Richard M. Weaver Bankruptcy Attorney has some nice tips on this.
In most cases, filing for bankruptcy is not a one-time process; in fact, it typically takes several years before the entire bankruptcy process is complete and you have completed the majority of your debts. Because of this, if you are considering filing, you should begin negotiating the repayments of all of your debts as early as possible. A bankruptcy attorney will work with you to determine how much of your income and assets are protected from discharge as well as how much money you need to pay off your creditors and other obligations. Once you have determined the amount of money needed to pay your creditors, your bankruptcy attorney will draw up a complete list of all of your creditors and all of the debts that you owe them. He or she will work with you to decide which debts are priority debts and which debts should be the first priority for repayment.
If you do not know which debts should be priority debts, your bankruptcy attorney will likely assist you in creating a list. This is where your bankruptcy attorney will become invaluable. Your bankruptcy attorney will be able to determine if you qualify for a loan forgiveness program based on the type of debt that you have and your current income. Furthermore, your bankruptcy attorney will work with you to determine whether or not you need to sell any of your assets to pay off your creditors. Through negotiation and work with your creditors, you will be able to pay off your debts without having to file for bankruptcy.