Tips On How To Find A Bankruptcy Lawyer

by Dori Tery on December 7, 2015

Just thinking about bankruptcy can scare a person. A good number of debt and managing their expenses. If this troubles you, or you’re currently living this particular nightmare, then the contents of this article are going to prove of good use to you.

Don’t use a credit cards to pay off your taxes if you’re going to file bankruptcy. In most states, you cannot get this debt discharged, and you could end up owing the IRS a whole lot more. This makes using a credit care irrelevant, when it will just be discharged.

You have other options available like counseling for credit counselling services. Bankruptcy will leave a permanent scar on your credit report and before you take this huge step, so if there are less drastic options that will solve your credit problems, it is in your best interest to make use of them.

You might find it difficult to obtain an unsecured credit after filing for bankruptcy. If that’s the case, apply for a secured credit card. This will show people that you are making an honest attempt at reestablishing your credit worthiness. After using a secured card for a certain amount of time, you will then be able to acquire credit cards that are unsecured.

When looking for a lawyer to handle your bankruptcy claim, your best option is to find someone who is recommended by someone you know versus someone who you find online or in the phone book. There are way too many people ready to take advantage of financially-strapped individuals, so always work with someone that is trustworthy.

Filing a bankruptcy petition might facilitate the return of your property, like your car, electronics or other items that may have been repossessed. You may be able to get your possessions back if they have been taken away from you within 90 days before you filed for bankruptcy. Speak with a lawyer that will be able to help you file the entire thing.

Don’t pay for the consultation with a lawyer who practices bankruptcy law; ask him or her anything you want to know. Most attorneys offer free initial consultations, so meet with several. Only make a decision after you feel like your questions have been addressed. You don’t need not decide right away. This will give you time to interview several attorneys.

Make sure you meet with a licensed attorney rather than a paralegal or assistant, as these people are not allowed to provide legal advice.

Chapter 13 Bankruptcy

Consider Chapter 13 bankruptcy is an option. If your total debt is under $250,000 and have a consistent income source, you can file for Chapter 13 bankruptcy. This lasts for three to five years and after this, in which you’ll be discharged from unsecured debt. Keep in mind that even missing one payment can be enough for your case.

People who are afraid of bankruptcy have good cause to be; the process can be scary and stressful. While it may have frightened you previously, you should fear bankruptcy no longer after reading this article. Take advantage of all the suggestions you’ve read here so that you can get your finances on the right track.

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