Bankruptcy

No one intends to incur debt that they can’t pay back, but sometimes you get overwhelmed by unexpected events.

If you lose your job, get divorced, or have a medical emergency, the bills begin piling up. This adds to your existing stress especially if collectors are calling and demanding money you don’t have.

TYPES OF BANKRUPTCY

An attorney will assist you as to which bankruptcy to file. The following are the primary options:

Requirements

Regardless of which type of personal bankruptcy you file, there are several requirements as part of your bankruptcy application:

Complete a government-approved credit counseling session and financial management course;
Fill out a bankruptcy petition and any appropriate schedules;
Provide information about each of your assets and debts; and
Attend a meeting of creditors to answer questions about your bankruptcy

If you file for Chapter 7 bankruptcy, you will also have to prove your income is low enough to meet requirements and request a homestead exemption so that you don’t lose your home. If you file for Chapter 13, you must identify all business assets.

An attorney can help you with all of these requirements.

If you are interested in learning more about bankruptcy or need help filing, give us a call today at +1-2345-2345-54 now for a free consultation. Our bankruptcy attorneys have the knowledge and experience for the bankruptcy you need.