If you’re overwhelmed with debt, facing foreclosure, being harassed by debt collectors, or unable to pay your bills, it may be time for you to consider filing for bankruptcy.
A bankruptcy lawyer can help you decide if this option is the right choice for your situation and guide you through the process. They can also help you determine which debts should get wiped out (discharged) and which can’t.
You’re overwhelmed with debt
If you’ve been living paycheck-to-paycheck, juggling multiple bills, and having trouble making ends meet, it may be time to call in a bankruptcy attorney. However, deciding whether bankruptcy is right for you can be a complicated process that requires careful consideration and a good understanding of the law.
In Harrisburg, PA bankruptcy lawyers will understand your specific situation and advise you accordingly. They can also help determine which debts are dischargeable and how to protect assets.
You may want to ask friends and family members for recommendations or look into legal aid offices that offer free legal advice. If you do not have a referral, consider asking your local bar association for a list of attorneys who specialize in bankruptcy cases.
A bankruptcy lawyer will be a critical advocate during court-mandated hearings or when dealing with creditors. They can also help ensure that you’re properly completing and turning in the necessary paperwork.
You’re facing foreclosure
If you’re struggling to make your mortgage payments, foreclosure is likely on the horizon. It’s an extremely scary prospect, and it can have long-term consequences on your credit score.
The good news is that there are many ways to protect yourself from foreclosure. Start by talking to your lender as soon as you realize you might be in trouble.
During that time, lenders must offer you loss mitigation options to resolve the situation. These might include lowering your monthly payments or finding other ways to make up for missed ones.
If you’re facing foreclosure, you should talk to an experienced bankruptcy attorney as soon as possible. They can explain your options and help you navigate the complicated legal process. They can also work with your lender to keep you in your home.
You’re being harassed by debt collectors
You may be able to protect yourself from being harassed by debt collectors if you file for bankruptcy. A good bankruptcy attorney will be able to help you gather all of your financial records and organize them so that they are presented accurately.
Your attorney will also be able to tell you which creditors are chasing you, and how to avoid them. Your lawyer will likely ask you to provide all of your income and expense information, as well as assets and debts.
It’s important to note that harassment from a debt collection agency is illegal under the Fair Debt Collection Practices Act (FDCPA). Harassment can include repeated phone calls, the use of obscene language, and even threats of violence or harm.
If you’re being harassed by a debt collection agency, the FDCPA gives you the right to request that they stop contacting you. If they do not comply, you can file a complaint with the Federal Trade Commission.
You’re unable to pay your bills
When bills are too high for a person’s income to handle, it’s time to consider filing bankruptcy. It’s not a quick fix or a bailout, but it could be the best way to get back on your feet financially.
When filing for bankruptcy, you must prepare a detailed list of your debts and assets to ensure the court has all the information they need. Failure to do this can reduce the number of debts that are discharged in bankruptcy.
The bankruptcy process can be complicated and you may want to hire a lawyer who is experienced in this area of law. They’ll help you prepare your petition and provide legal advice in court, as well as ensure everything is handled correctly.
A good attorney will also help you with your living expenses such as rent, utilities, and cell phone service. These are not reflected on your credit report after bankruptcy.