If you are among the millions of people considering bankruptcy as a way to deal with an overwhelming financial situation, rest assured that filing personal bankruptcy may be the best thing you can do for yourself!
Don’t delay filing for bankruptcy. The longer you wait to file, the more debt you will incur and the more devastating the results will be.
When you are about to file for bankruptcy, be sure you have all of your financial information and other documents. You can find the ez-checklist that we use online at https://docs.wixstatic.com/ugd/ccb9f8_90600cd4f3864380b62cb1cd86111ac8.pdf.
When you meet with us, don’t assume that we know everything. If you have concerns, voice them. If there are things you feel are being overlooked – don’t be shy – speak up.
A good personal bankruptcy tip is to learn as much as you can, so that you can feel more at ease with filing for bankruptcy. A lot of people are reluctant to file for bankruptcy because they are uninformed. You won’t lose your job; You will get credit again; You can turn your life around just like many famous people including: Henry Ford, Walt Disney, Larry King, George Foreman, Francis Ford Coppola – the writer, producer and director of The Godfather trilogy, Mike Tyson, Will Smith, 50 Cent, Kim Basinger, Meat Loaf, Cyndi Lauper, Marvin Gaye, MC Hammer and even Burt Reynolds.
When you decide to file for bankruptcy, you should stop making any payments towards debts, that will be discharged during the bankruptcy process – medical bills, credit cards and other unsecured bills. Since you will not be liable for these debts, it is of little benefit to you to keep making payments towards them. It would be more beneficial for you to save any spare cash for your future needs.
Look for a bankruptcy attorney that belongs to the NACBA (The National Association of Consumer Bankruptcy Attorneys). When you are filing for bankruptcy, it is essential that you hire the services of an experienced and reputable bankruptcy attorney. We are members of the NACBA and other well-respected consumer bankruptcy organizations, so you can be sure that you will be getting the best legal advice available.
When it comes to personal bankruptcy, understand that credit is not ruined for ten years. While this is commonly mentioned, there are many lenders who understand that there are good people with poor credit and can help people re-establish their credit in other ways. In most cases, we advise that our clients join a local credit union. Once you establish a good relationship with a local credit union, they will help you with your future financing needs.
Hire a good attorney to help you through the complex process of filing. Not only can an attorney help you navigate the complexities of the bankruptcy process, but a good attorney will also be able to answer any questions or concerns you may have.
Honesty may never have been as important as it will be when going through personal bankruptcy. Hiding income or assets is considered fraud with unpleasant consequences.
Bankruptcy is best approached with solid information and reliable advice. Please call us today at (989) 233-9389 and tackle your financial future and pursue the steps involved in getting back on the right financial track!