A Bankruptcy Attorney Can Be the Light at the End of Your Financial Tunnel
At one time, the idea of bankruptcy was anathema in society and the mark of someone who could not properly manage their own financial affairs. Fortunately, that view has completely reversed, and bankruptcy is now seen as the financial tool it was meant to be; a sensible and responsible way to deal with debt that has become too crushing to be handled by any other method. It’s possible that, due to unforeseeable changes in your personal circumstances, such as job loss or serious illness or injury, you have become overwhelmed by debt, and that situation needs to be addressed. Even corporate giants have had to avail themselves of the benefits offered by bankruptcy law, so your first step should be to consult with an experienced Bankruptcy Attorney and let him determine if a bankruptcy filing is the best way for you to resolve your financial difficulties. Very often these initial consultations are provided free of charge and at no obligation to the potential client.
With the amount of financial pressure you feel, you may be enticed into considering a debt consolidation plan; your attorney can counsel you on whether this is the best path toward your financial recovery. You should be aware that there is a good chance that not all of your creditors will choose to take part in this plan, interest rates will still be very high, and there will be fees charged for participating in these plans. Once again, this is something your attorney can discuss with you in more detail.
When putting together a plan for your bankruptcy, your Bankruptcy Attorney will explain the two basic types of bankruptcy that an individual can file, will then and go over the pros and cons of each with you. You should know that, regardless of which type you choose, as soon as it has been filed, it will invoke an automatic stay which will put an end to those harassing phone calls, letters, and emails from your creditors. It will also stop any attachments of property or foreclosures. This is to give you time to handle all of the details of your bankruptcy.
Trozzo Lowery Weston and Rock Attorneys At Law will use all of their resources to provide you with competent representation as they protect your rights and work diligently to get you the financial relief you deserve.
