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Why A Bankruptcy Attorney Should Be Consulted
One of the most trying times in a person’s life is when they get behind on their bills. The first sign that a person is having a financial problems is when they receive letters from creditors complaining about late payments. Eventually, a person will start receiving threatening phone calls from creditors and collections agencies. When this happens, a person should consider hiring a bankruptcy attorney. Fortunately, there are many ways of finding a bankruptcy attorney
The best way to start searching for a bankruptcy attorney is by asking friends and family. They will tell a person about their bankruptcy experience, and how the attorney handled everything.
Another way that people look for a bankruptcy attorney is over the Internet. Like anybody else that is trying to locate services, the Internet can be an excellent tool in selecting an attorney. Most attorneys maintain websites with extensive information about their education, specialties, and other information that will enable a person to hire the right attorney. After coming up with a few names and numbers of bankruptcy attorneys, a person needs to call and make appointments. Most attorneys offer a free consultation. During this initial consultation a person will able to explain their financial problems with the attorney. The attorney will then be able to explain some of the available options.
Once hired, an attorney will advise a person on what type of bankruptcy that should be filed. There are two types of bankruptcies for individuals. The first type of bankruptcy is call chapter 7. In this bankruptcy all of a person’s non-exempt property is sold, and the proceeds from the sale are distributed among the creditors. The second type of bankruptcy is called chapter 13. This type of bankruptcy entails a restructuring of a person’s debt. Once either type of bankruptcy is filed, the creditors will be given notice. Once notice is given to the creditors, all types of communication bypasses the debtor, and is directed towards the debtors attorney.
If a person is facing financial hardships because of an excessive debt load, a good bankruptcy attorney should be consulted. A good bankruptcy attorney can offer a person having these financial hardships various solutions.
