As I put pen-to-paper herewith standing I hope this free guide will help educate you in your decisions by better understanding your rights pertaining to filing bankruptcy with or without a bankruptcy attorney.
So let’s get started
To File or Not To File Bankruptcy
Before taking into consideration filing bankruptcy protection you might consider talking to your creditors. They may work with you and resolve your account issues by accepting less payment or settling the account for a smaller amount, or both.
It is always better to make an effort to discuss a possible settlement with creditors, especially if you’re only talking about a few financial accounts.
They are companies that can do the negotiating for you if you feel you do not want to talk to the creditors; personally I don’t blame you, “it can be a hard thing to do”.
If you decide on such a third party service, beware of scams! Some companies advertise they will negotiate on your behalf, collect up front money and monthly payments from you so they might pay your creditors.
I would stay a way form companies that advertising they are non-profit organization and can reduce debt up to 50%. Some are legit others collect the monthly amounts from you and then not pay your creditors.
Just do some background checking like Better Business Bureau if you decide this is best for you. In my opinion an attorney may do a better job and cost you far less.
If you decide to negotiate with the creditors and can afford to pay them, you may not need to read this guide and avoid – bankruptcy.
HOWEVER, if you discover you can no longer make payments to all or just some of your creditors, then protection from a bankruptcy might be for you.
If you have to make a decision which to pay first the rent/ mortgage, utilities, food or credit card “which would come last, or not at all” ?
Filing for bankruptcy maybe be the right decision for you.
What do you think will happen if you’re to say to a creditor “I’m filing bankruptcy protection”?
Now What? I’ll tell you what! You need to read this guide “Bankruptcy Protection” Making The Right Decisions !
This guide can help find an attorney “who may better advised you”.
This guide may help you “file the bankruptcy yourself”.
In short this guide may “help you make the right decisions”!
The question as to how filing bankruptcy helps is very common today. If you are a debtor, you need to know everything about bankruptcy and how its affects you before proceeding.
Bankruptcy was established to help protect you as a debtor to get fair treatment from your creditors; therefore filing bankruptcy might be helpful depending on your situation. Although there are different types of bankruptcy proceedings, one chapter type may help you better than the other. Continue reading →
So, you’re thinking to file bankruptcy, but you are confused as to how it works. You have asked your friends and relatives, but seem to receive different answers depending on whom you ask. There is a very good reason for these different answers. These disparities exist because there are actually different types of personal bankruptcy.
Two major types of bankruptcy exist:
The two most common forms of personal bankruptcy are Chapter 7 and Chapter 13. The U.S. bankruptcy laws require anyone who files bankruptcy to take a means test. This is not really a test at all – instead, it’s a way for the courts to determine if you qualify to file for bankruptcy. If this means test shows you actually make enough money, from your sources of income to pay back some or all of your debt, then you may file for Chapter 13 bankruptcy and enter into a three to five year payment plan to pay back a portion of your debt.
In previous post we learned about the two kinds of personal bankruptcy that can be filed, the Chapter 7 and the Chapter 13. In this post chapter, we take a look at the bankruptcy means test, which is the determining factor if you are eligible for filing a Chapter 7 or Chapter 13.
As a brief review, Chapter 7 is the kind of bankruptcy that you file if you don’t have the means to pay your debts or support your daily needs. It is also called the “liquidation” or “fresh start” bankruptcy because your debts can be discharged but you won’t be able to keep nonexempt property. Continue reading →
In most areas, advertisements for bankruptcy lawyers are everywhere, from radio and television ads to billboards and yellow pages.
Even though you can find an attorney simply by opening up your telephone book and randomly picking a name, how do you know that this person will represent your best interests, without overcharging you for their services?
The best way to select a decent bankruptcy attorney is through referrals. Referrals can come from a wide variety of sources. Have you worked with an accountant or another lawyer, for example, in a divorce proceeding or business matter? Even if your former attorney does not practice bankruptcy law, he or she may be able to provide you with a handful of professional recommendations. Your accountant may also be able to provide you with a list of names. Continue reading →
– How hard is it to declare bankruptcy protection?
Declaring bankruptcy can be a complex process. For this reason, many debtors decide to hire an attorney to guide them through the procedure. An added benefit of hiring an attorney is that the attorney will appear in bankruptcy court to advocate for you.
In order to file for bankruptcy, you will need to fill out a number of forms to help the court determine your financial status. You can get the forms from your attorney if you have retained one. If not, you can find the latest bankruptcy forms at Continue reading →