Wednesday, May 15, 2013

Bankruptcy Services - What is Available to Me and Where Can I Find Them


You also want to consider debt consolidation or refinancing if you are judgment proof in the eyes of the court. All that means is that there are too few personal assets for a creditor to sue you. There are credit counselors that you pay for and that are non profits. There is no evidence to suggest the paid ones are any better. Since you are considering bankruptcy I would advise you to try the non profit ones because you should be minimizing your expenses.

Since it is a condition of filing for bankruptcy that you have sought out credit counseling, make sure the service you do pick is one of them your local courts recognize incase you do proceed with bankruptcy filing.

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Once the decision is made to proceed and file bankruptcy papers, it is vitally important that you find someone that specializes in bankruptcies to handle the paper word and filings. This will reduce the amount of work and therefore the cost of your attorney.

The pre-filing services are imperative for you. By this time, you will have met already with an approved Credit Counseling Service.

The issues to work on include stopping foreclosures, repairing credit, reducing your debt, and future money management. If you the bankruptcy is for a business, you need to decide between rebuilding your business financially and liquidating the assets.

At this point you and your attorney need to decide which Chapter you are going to file under. There is considerable paperwork and filing involved so listen to the advice of your attorney. After all that is what you hired him for and are paying him for.

Finding a Bankruptcy Service Firm that you are comfortable with and will work hard to earn the money you pay them can be rewarding. In the end saving money with a less expensive firm may cost you more in the long run.


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