If you are sure that you want to file for bankruptcy, there are a few formal steps that you are going to need to go through before and after you file.
#1 Hire An Attorney
The first thing that you are going to want to do is hire an attorney. An attorney can do more than just help you file for bankruptcy. They can look over all of your information and your specific situation, and they can help you determine if bankruptcy is even the right step for you.
Americans are in debt and there is little most of them can do to get out of it. Unfortunately, this means a large number of people are facing what is known as debt buyers. In these instances, it is important to talk to a bankruptcy attorney to avoid the aggressive stance of these bill collectors.
Debt Buying Is Big Business
Debt buying occurs when banks or other creditors sell a large amount of past due debt to a collector.
Chapter 7 bankruptcy is something you could use if you are in bad financial shape and do not earn a great deal of money. Through this type of bankruptcy, you may have the option of keeping the home you own or surrendering it. While there are times when keeping it might be better, here are three reasons you may want to consider giving up your home in your Chapter 7 case.
If you would like to straighten up your credit, so you can begin thinking about such things as home ownership, qualifying for a loan on a new car, or just want to improve your credit score in general, then you want to follow the tips below:
Consider the help of a debt relief company
If you have some debt that you are having a hard time paying and it is taking its toll on your credit score, then you should think about getting help from a debt relief company (such as debt counselling by Beth Maynard & Associates Inc).
Are you currently struggling with money and you can't always pay the bills? If so, you could benefit from the help of a certified credit counselor. The counselor can evaluate your current finances and help you live with less financial stress and worry. Here are some indications that you may need debt counselling in Edmonton.
You Live Paycheck to Paycheck
Do you currently live paycheck to paycheck, struggling to pay all of the bills you have each month?