Deciding whether or not you should contact a Southgate bankruptcy attorney and file for personal bankruptcy is decision only you can make. Most people file personal bankruptcy because of financial hardships resulting from overwhelming debt. Some of these hardships may include unemployment, emergency medical expenses, or out of control spending. Whichever hardship has caused you to consider bankruptcy, just remember that filing for personal bankruptcy is nothing to be ashamed of.
Because filing for personal bankruptcy can be complicated, you should contact a Southgate bankruptcy attorney who specializes in personal bankruptcy. They can help you with the intricate process. A Southgate bankruptcy attorney possesses the knowledge needed to navigate through federal and state bankruptcy laws. Find a Southgate bankruptcy attorney in your area who will meet with you and address all of your concerns.
There are two types of personal bankruptcy you may consider filing: Chapter 7 and Chapter 13. Chapter 7 personal bankruptcy involves liquidating your assets and turning them over to the courts. A Chapter 13 bankruptcy is filed if you have valuable assets that you want to keep. Under Chapter 13 bankruptcy, a plan of payment with the creditors is set-up over a period of several years. Your records and paperwork will be reviewed and your Southgate bankruptcy attorney will decide exactly which type of personal bankruptcy is right for your situation.
Once you have filed for personal bankruptcy and your petition has been approved by the bankruptcy court, all transactions are frozen. Once the debt has been resolved under the agreement stated in the personal bankruptcy proceedings, a discharge is issued, releasing the debt. All creditors receive a permanent order to stop all forms of collection action against you on discharged debts, including legal action and all communications.
A Southgate bankruptcy attorney will make sure your needs are met in your personal bankruptcy case. Once you’ve made the decision to file for personal bankruptcy, don’t look back. Personal bankruptcy offers you a new beginning and an opportunity to regain your financial status.
For experienced, knowledgeable and trustworthy bankruptcy assistance, contact the attorneys from www.legalhelpers.com. Call toll-free 800-260-1402 today for your initial free consultation or come into one of their 100 offices across the country.