Bankruptcy / Debt Collectors

Why It Helps To Meet With a Bankruptcy Attorney Before You File

If you’re struggling to make payments on debt obligations you may wonder if filing for bankruptcy is an option.  For some, they have been making payments for several years but feel stuck when they realize their finances are out of control.  Whether it’s become a challenge to make minimum credit card payments,  mortgage payments or unexpected  medical bills, it’s understandable why debtors become overwhelmed and feel as if they are drowning in debt.  If you are considering bankruptcy you should review your situation with an experienced bankruptcy attorney.

An attorney can help you determine if filing is an option.  Meeting with an attorney presents a good opportunity to learn how bankruptcy works and how it can work for your situation.  Talking with an experienced legal expert will also help you understand laws surrounding bankruptcy for your state since they vary.  While this presents a chance to learn how bankruptcy can help, there are things you’ll want to review before making the decision to file:

  • Learn eligibility requirements for filing.  This may vary depending on which chapter you’re looking to file.
  • Learn what actions to avoid before filing your petition. Avoiding such actions can increase chances of a better outcome for your case.   Running up credit cards, failing to file income taxes and transferring property to another person without the consent of an attorney are a few examples of actions you should avoid.
  • Learn options for dealing with creditors, especially if you are being harassed for payment, served with a lawsuit or facing foreclosure.

http://www.latimes.com

http://www.ombankruptcy.com