Financial struggles are some of the most stressful times for people. Getting in over your head with debt is far too common, but many people find their way out before they are completely overwhelmed. Some might not be able to do that, whether it’s because they don’t have the money or don’t realize the magnitude of what they’re dealing with.
In any case, when you reach the point of no return with your debt and finances, you might feel like you’re left with no real choice in how to proceed. Bankruptcy may be the only option. For many, bankruptcy might even be the best option. How can you decide? Start by hiring a bankruptcy lawyer.
Contain Crisis Mode
It’s easy to panic when overdue bills and past-due notices start piling up. Anxiety sets in when your phone is ringing with bill collectors trying to reach you and it’s probably been weeks since you’ve looked at your email because they’re all messaging you there, too. The first (and best) thing you can do is stop panicking.
Realize that yes, you’ve got a situation on your hands that needs to be dealt with, but it’s not insurmountable. And more importantly, you don’t have to do it alone. A simple consultation with a reputable bankruptcy lawyer can give you more peace of mind than you might realize—reach out as soon as possible!
What Will a Bankruptcy Lawyer Do?
When you hire a bankruptcy lawyer, they’ll go through all of your finances and determine the best course of action. This generally ends up being bankruptcy, but that’s not the ideal choice for everyone. Their professional expertise can help you figure out where to go from here.
A bankruptcy lawyer will also handle all the court paperwork and filings if you do pursue bankruptcy. They can reach out to your creditors on your behalf and try to get information or ask about payment arrangements (if you’re not going the bankruptcy route).
What Happens During Bankruptcy?
During the bankruptcy process, the courts will evaluate your case and your debts. They will determine whether you qualify for a discharge or if there are circumstances that warrant a denial. This will be based on the information you give your lawyer to provide to the courts, so having a reputable lawyer will ensure that they have the right details to make a proper decision.
Once your debts have been discharged, you will have a clean financial slate and be ready to start fresh.
Find Your Way to Freedom
When you have a reputable bankruptcy lawyer on your side, you’ll find your way to financial freedom in no time. You will get a chance to start over and that renewal comes with the expert lessons you’ve learned from your lawyer (and the experience) along the way. Take advantage of that and redeem your financial future by contacting a bankruptcy lawyer today.