Bankruptcy is one of those terrifying words that sends chills down the spine. But the truth is, declaring bankruptcy is sometimes the smartest financial move to make. There are many reasons why you may want to declare that you’re bankrupt, but there are also occasions when this is not what you want to do. A bankruptcy lawyer knows the difference. Know when and how to find an attorney that specializes in this, and you’ll be able to find out exactly what you need to do to get your financial situation back on track.
Bankruptcy as a Debt Solution
Many people actually find that bankruptcy is a viable solution to financial problems. Bankruptcies resulting from unpaid medical bills affect approximately two million people in the U.S. — and that was during the year 2013 alone. In 2013, there were 333,626 Chapter 13 bankruptcies filed in the U.S. The same year, there were 8,980 Chapter 11 bankruptcies filed in the U.S.
Filing for bankruptcy is not the permanent decision that many people think it is. A Chapter 7 bankruptcy takes about 6 months, total, to complete. It will stay on your credit report for 10 years, and then it’s gone. Just like that, and you can find debt relief with a bankruptcy. And if you go through a bankruptcy lawyer, then you’ll be handling this procedure the right way. Make no mistake, bankruptcy is a legal procedure. Isn’t the smartest choice to hire someone who understands the law very well?
Hiring a Bankruptcy Lawyer
Hiring a low cost bankruptcy attorney really isn’t so difficult. The bankruptcy procedure itself is not all that expensive. In fact, in Texas filing a Chapter13 typically costs less than $500 to get a case started. Look for a bankruptcy lawyer or a bankruptcy law firm that specializes in all types of bankruptcies. This is how you’ll get the most information and the best possible service, so you can find debt relief that’s actually going to work for you.
To find a bankruptcy lawyer, start with your local area. Look online to see which lawyers are available. Many firms and individuals often offer free consultations as an initial meeting. Set up several of these to find the attorney that will best help you achieve your financial goals and survive your bankruptcy so that when it’s over, you’ll be ready to maintain a healthy financial status.
Write down a list of questions before you meet with a bankruptcy attorney. Find out about how long the procedure will take and how much it will cost. A good bankruptcy lawyer will also provide information about the different types of bankruptcies available and ask you questions about your financial trouble to help you determine which type of bankruptcy is going to work the best for you and your individual situation. Look for a lawyer that you feel comfortable talking to, and someone who can talk to you and fully explain everything to you in a way that’s clear and easy to understand. If you can’t effectively communicate with your lawyer, you won’t have an effective relationship with them. Find debt relief with a lawyer you can talk to, one who will listen to you, and someone who is highly knowledgeable about bankruptcy law.
Who says that bankruptcy has to be scary? Hire a good bankruptcy lawyer, and take the fear out of this financial procedure that can actually be a big help. For some financial issues, declaring bankruptcy may be the best and only way to resolve problems.