If you're considering filing for bankruptcy, do it now and start getting the benefits. You're tired of receiving calls and notices from creditors and bill collectors. Give yourself a break from that and get in touch with a bankruptcy attorney. They will walk you through the steps and you'll start feeling some relief. Here are some good reasons to stop waiting and file right now.
You Can Stop Worrying about the Actual Filing
While many people see bankruptcy as a careless disregard for financial responsibility, in reality it is more an act of sheer desperation. This is not a decision to be taken lightly, and you are likely in dire straits to consider bankruptcy as a solution. Being threatened with the loss of basic human necessities such as housing, home heating and transportation can be a major motivational factor for filing bankruptcy.
Bankruptcy is the hoped-for relief when you are about to lose almost everything, and an efficient and effective method of holding off the creditors who are hounding you night and day.
Filing for bankruptcy may seem like a pretty easy task. You fill out a few forms, submit them to the courts, and then your debts are forgiven. Unfortunately, it's not quite that simple. The bankruptcy laws have changed so much that filing without an attorney can end up costing you dearly. Here are just a few of the reasons why filing for bankruptcy without an attorney may be a big mistake.
The terms of a chapter 13 bankruptcy agreement will have a strict repayment schedule that you'll need to adhere to, and they'll have potentially severe consequences should you fail to make your required monthly payments. Making each payment can be difficult, however, especially when you face an unexpected expense, like a major car repair. There may be hope, despite what the terms of your bankruptcy state, however. If your automobile breaks down and you won't be able to pay your creditors, talk with your trustee and see if the payment schedule can be extended.
If you want to adjust the amount of your loan by restructuring it, one way to do so is with a Chapter 13 bankruptcy. There are many benefits to selecting this type of legal status to make changes in any loans that you currently owe. It is critical to your success to know certain things about what this bankruptcy is and what is involved in the filing process.
What is Chapter 13 Bankruptcy?