When to Hire a Bankruptcy Lawyer

by | Jan 1, 2014 | Attorneys

Financial difficulties can come from a number of causes; credit card debt, high-interest personal loans, unanticipated job loss, and serious injuries can all lead to overwhelming indebtedness. If you’ve reached the point where you realize that there is no reasonable expectation of getting out of debt, you may want to consider bankruptcy. Your situation is the reason that bankruptcy laws were enacted in the first place. The problem is that these laws can be complex and difficult to decipher. This is why you should Hire a Bankruptcy Lawyer with experience in these matters. A free case evaluation will tell your attorney exactly where you stand financially and will help him determine the best course of action for your specific circumstances.

Bankruptcy may not be your only option. Sometimes it’s more advantageous to defend a collection lawsuit or even opt to go with a debt consolidation plan. Your attorney will know which choice is best for you. If bankruptcy is determined to be the best path for you, your attorney will decide whether chapter 7 or chapter 13 bankruptcy is most appropriate. In either case, one of the first things that occurs when your attorney files on your behalf is that an automatic stay goes into effect. This will put an end to the harassing phone calls, letters, and emails from bill collectors. This is designed to give you time to work out a suitable bankruptcy plan with your legal representative and go through all of the court proceedings. Whatever your circumstance, your attorney will use all of his resources to protect your rights and see to it that receive the debt relief you are seeking.

Bankruptcy used to carry some very negative connotations and was considered a black mark against a person or business who invoked it. It was considered to be a sign that someone couldn’t properly manage their own finances and meet their obligations. These days, however, in the face of financial upheaval, even some of the largest corporations in the country have had to take advantage of bankruptcy laws and they are now being seen for what they are; tools to help deal with debt that has become unmanageable. When you Hire a Bankruptcy Lawyer from Rapa Law Office PC he can tell you that it may damage your credit for a while, but most individuals have been able to repair their credit in around three years.

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