If you have looked at all other options and are still considering bankruptcy, enlist the help of bankruptcy attorneys in Pompano Beach. Filing for bankruptcy is not something you want to do alone. It can be a lengthy and confusing process if not done correctly. Mistakes on your forms can cause setbacks and even get your case thrown out. A bankruptcy lawyer will be on your side to help you through the process.
It’s important to first know a little bit about filing for bankruptcy. There are two different types of bankruptcy to consider. The first one is referred to as chapter 13. This is when you come to an agreement with your creditors to pay a certain amount back to them. This is ideal for people who have some income coming in but not enough to pay it their debt off. For someone who has no income, a lot of debt and needs to liquidate all assets, chapter 7 may be necessary. A chapter 7 discharge means that you will not be obligated to repay the debt you owe. If you file a Chapter 13 bankruptcy, you are agreeing to pay back your debt within a 3 to 5 year period. Whatever is leftover will get discharged 30-60 days after your last payment.
No matter which type of bankruptcy you are going to file for, make sure that you talk to a few bankruptcy attorneys in Pompano Beach to find out if you even qualify to file. If you do, they can help you get the ball rolling.
Make sure you know how much the lawyer is going to cost you. The last thing you want to do is get in more debt by hiring a lawyer that you can’t afford. Find out if they charge by the hour or if they charge a straight fee. Prices may vary depending on which state you live in.
Once you have hired an attorney, refer all of your creditors to the attorney’s office. This is one of the greatest benefits of having an attorney; you don’t have to talk to bill collectors anymore.
If you know you are going to be filing for bankruptcy, stop using your credit cards immediately. If you keep using them and file for bankruptcy, the creditor can challenge the discharge of the debt.
Bankruptcy attorneys in Pompano Beach can help if you are upfront and honest about the debt you owe. If you want to file bankruptcy, consult with a lawyer and let them help you start the process.
