There are many actions necessary to successfully file for bankruptcy, and if you fail to execute each one fully, accurately and on-schedule, you run the risk of having your attempt blocked by the court, incurring legal penalties, or even having to liquidate assets that you should have been permitted to keep. If you work with an experienced lawyer from the beginning of your filing process, you will most likely enjoy a much easier and faster experience. One of the common myths about bankruptcy is that it will cost you everything you own and leave you branded with a negative social stigma. This is far from the truth: if you do it right, filing for bankruptcy can provide you with a fresh start and the opportunity to learn from your mistakes.
STEPS TO DECLARING BANKRUPTCY
The first step you should take is to consult with your attorney to discover whether this is the best approach to resolving your financial difficulties, or if you would be better off seeking one of the many alternatives to bankruptcy. Next, you will have to pass the means test to qualify for filing, which requires gathering extensive documentation for a careful calculation of your income and financial assets. The actual filing consists of a long series of forms and paperwork, which you can complete with the skilled assistance of your lawyer.
Before you can proceed to declare bankruptcy, you will also be required to take an approved course of credit counseling, both as a good-faith measure and to help you learn habits to prevent falling into severe debt a second time. Throughout this process, you can work with your lawyer to bring any creditor harassment you have been experiencing to an end, as well as addressing freezes on your bank accounts and other situations you might face. As you proceed with filing, you will be moving closer and closer to achieving the peace of mind that comes with being relieved of your burden of debt.
Your Terre Haute bankruptcy attorney will accompany you at a formal meeting with your creditors, where you will also meet the bankruptcy trustee who has been assigned to supervise your case. Under normal circumstances, you will soon experience the relief of discharging your debt. If any situation arises that threatens your prospects, your attorney can take action on your behalf to remove the barrier.
CONSULT WITH A BANKRUPTCY ATTORNEY IN TERRE HAUTE
If you need to file for bankruptcy to protect your family’s financial future, you owe it to yourself to engage the zealous legal support of a bankruptcy Attorney in Terre Haute at Rowdy Williams Law Firm. Not only will the attorneys pursue your interests with focus and determination, a Terre Haute bankruptcy attorney will also make it a point to meet with you personally. This approach of one-on-one service stems from the value they place on building strong relationships with their clients. The firm has represented thousands of people from across Indiana through situations similar to yours, and they are prepared to handle difficult and challenging cases. If you want to work with a bankruptcy Attorney in Terre Haute who will treat you with the compassion and understanding you deserve, call the office today to find out what you can do to get started.