You may find that credit counseling and a lawyer will help your situation.
In all, bankruptcy services offer you the ability to talk and think about alternatives before using a lawyer to file for bankruptcy.
Credit Counseling Services If you find yourself in debt and have the phone keeps ringing, look for a credit counseling service to determine if there is an alternative that may work better for you than filing for bankruptcy.
They will guide you through your finances and see if there might be a way to pay back the debt without putting you in poverty.
Two types of credit counseling services exist, the pay for and the non-profit.
The services are the same, but you want to choose the one right for your debt problem.
Because you are already in debt, you might consider a non-profit credit counseling service.
Before you file for bankruptcy, you need to have a discussion with a credit counselor to determine the amount of debt and other solutions before taking the next big step.
Proceeding with Bankruptcy When you decide with a counselor to proceed to bankruptcy, you will need the bankruptcy services of a qualified lawyer.
Many bankruptcy lawyers have a full team of counselors, and paralegals to file the necessary paperwork thus reducing the cost of your lawyer fees.
You cannot include your lawyer fees in a bankruptcy, the money is needed up front.
Pre-filling services are just as important as the credit counseling you have gone through by now.
You have to decide how to stop any foreclosures, find a money-managing program along with debt reduction and credit repair.
The bankruptcy services will help with all these needs.
If by chance a business is affected, you will need help determining to liquidate the assets or do some type of restructuring of the business.
Chapter 7 or Chapter 13 What should you file under? Bankruptcy services will help you determine what chapter to file under, either chapter 7 or chapter 13.
In some cases, but rare, people may file under chapter 12 only if you have fishing or farming business run by a family as a family business.
In order to file for chapter 7, you need to meet the guidelines.
The bankruptcy services will help determine which one you qualify for before filing.
There are advantages and disadvantages to filing for chapter 7 verses a chapter 13.
You need to have all the paperwork filled out correctly before submitting to the courts.
This includes all documentation and filing fees associated with the bankruptcy proceedings.
What the Service Should Do oThe service will help you work out an affordable repayment plan.
oThey help you work out an after bankruptcy plan to afford for comfortable living with the repayment plan in mind.
oThey help you determine what assets you can retain and what will have to be given up.
With all the help and counseling you receive from bankruptcy services, you can rest assured things will get better.
Whether you file or work out a payment plan, you will find their services very useful.
They are there for you and will help to work out the best plan of action for your budget and lifestyle.
If you need the bankruptcy services, look for one that will offer a complete service instead of jumping around from counselor to lawyer to processors.
This helps make things easier on you and all the information stays in one place.
Bankruptcy does not mean the end of good credit when the service works with you to clean your credit up and puts you back on the right track.
Take all your bills and debts along to a counselor to ensure that no unexpected things pop up after setting up your repayment plan and living expenses.