There is no shortage of attorneys and law firms who can offer to assist you with the processes and details of filing bankruptcy. With so many choices, you need to set certain criteria to help you narrow your choices down before making a final decision. Here are some suggestions to get you started.
Hire a true bankruptcy expertWhile most any attorney can handle a bankruptcy, you will gain an added edge by hiring an attorney or law firm that has regular experience in bankruptcy cases. You should ask what percentage of a lawyer’s practice is dedicated to bankruptcies and
If you fall behind on the payments for your car, the lender has the right to repossess your vehicle. Worse yet, the lender can also go after you for any loan deficiency, meaning that you’ll be stuck without a vehicle and could be facing an additional debt of hundreds or thousands of dollars.
You have options to stop repossessionLaws will vary from state to state, but missing a single car payment does not automatically mean you are in default on your loan. Usually, your loan agreement will tell you when you are in default as part of your loan
Declaring personal bankruptcy is one of the biggest decisions you may ever make in your personal financial life, so it makes sense to consider all of the issues and factors that you’ll be facing if you decide to move forward. Here are some things to think about before you make a final determination:
Chapter 7 or Chapter 13? Depending on your personal situation, level of debt, income and other factors, you may only qualify for one type of bankruptcy. Chapter 7 is for people with few assets, and little income. It will wipe out many of your debts in 3
