Bankruptcy Put’s You In Charge

Your inbox is inundated with emails, and your cell phone is ringing off the hook. These are not correspondences from your former partner expressing his or her undying love for you, but rather from debt collectors and creditors expressing a deep longing for the money that you owe them by issuing notices of lawsuits, wage garnishments and pursuing judgments against you. You have every intention of paying them back, except that your monthly income barely covers rent, food and health insurance. In order to cover any additional expenses, you have even maxed out your credit cards. You are now at the point where you earn less than what you owe, and not because you were irresponsible.

This situation of hopelessness may have you stripped you any optimism that you might have had about your future. Believe it or not, this scenario is not unique to you, and the good news is, while it cannot be guaranteed that your former love will return to you, there is a solution to your financial problems.

Generally speaking, one would not associate filing bankruptcy with a fresh start, but believe it or not, the option for filing bankruptcy was instituted by the Federal Court for exactly that: giving individuals a chance to start over, irrespective of whether you file a Chapter 7 or a Chapter 13. Once you have decided that you want to take charge of your finances, you begin to reap the benefits almost immediately. Making the decision to reclaim control of your finances means that you are already half way there. You made a decision. You are in charge.

Although legal representation is not mandatory when you decide that filing bankruptcy is the right option for you, if you enter into an agreement with an experienced bankruptcy attorney, you begin to feel some relief almost immediately. Firstly, Automatic Stay goes into effect immediately. This means that your creditors are prohibited from contacting you. It’s almost like you have become a celebrity and your attorney is your agent. Your attorney will inform your creditors and debt collectors of your new status, and will be the first point of contact for your “fans.” This clause also prevents any utilities from being disconnected, and may even provide assistance if you are being evicted. Automatic stay will also halt any wage garnishments.

In addition, your attorney will also be able to determine what type of bankruptcy you qualify for, help you gather the required paperwork, prepare you for any meetings, and mostly importantly work aggressively to keep your spirits up, and ensure the best possible outcome for you. Once all of your paperwork is gathered, and after you have taken the credit counseling classes, your attorney will file your petition. Thereafter, you will meet with a Trustee at the 341 Creditor’s Meeting who will go over your petition. You will then receive a court appearance, and if everything is in order, you will be on your way to your fresh start.

You have the power to put a stop to countless creditor correspondances, and clear out debt to make room for more important things in life. Our attorneys at ZocLaw.com have helped many people with their bankruptcy filing, and they are eager to help you. You can contact them on 888-433-8444 for a FREE consultation.

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