Your reasons for filing bankruptcy with a bankruptcy lawyer are your own private matter but there are several common reasons and potential filer concerns that the general public can benefit from exploring. All potential filers, like you, believe that their income or unemployment status has left them without many financial options when it comes to debt management. Because of lack of skills, employment opportunities in their area, lack of savings, parental responsibilities, housing, transportation and medical concerns, any expendable income beyond the basic necessities of food, clothing and shelter doesn't cover all of the bills. For some, even the bare necessities paid in a juggling fashion from month to month. So they both turn to the misuse of lines of credit to pay bills, buy groceries, pay for gasoline for their family car and basically just get by, but the difficulty of paying those additional credit card bills makes day to day financial existence unmanageable. Then there comes a moment when a man, woman or couple decide together that struggling to survive while bills are just accumulating and utilities are being shut off every other month, is too much to bare. This is when the research begins for the assistance that a bankruptcy lawyer can bring to help either someone with limited expendable income or someone with barely enough to survive can gain debt relief from filing either Chapter 7 or Chapter 13 today.
The bankruptcy lawyer that you choose should have great experience with this specific area of law. He or she should be able to display the forwardness of an attorney that is eager to see their client receive a favorable outcome by staying on top of every detail involved in filing. This includes understanding the steps that they can take to protect you from the five ways that bankruptcy filing can protect you. You are likely to be aiming to seek refuge from home foreclosure, auto repossession, wage garnishment, and elimination of credit card or medical debt harassment.
A bankruptcy lawyer understands all of the ins and outs of the filing process regardless of which chapter is best suited for helping you with your particular financial situation. He or she can thoroughly explain the process of proving your sources of income and assets and how that relates to your states average minimum to support a family. You must meet with a debt counselor to assess your understanding of proper use of credit and debt repayment in the future. Paper work will then be turned over to your local bankruptcy court. As is true with all areas of the legal process, there is documentation and procedure that must be properly completed and followed in order to get through it.
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