Although your bad debt management has lead to bankruptcy, you need to stop and take a deep relaxing breath, and know that this is not the end of the world, or even your financial future. Usually people panic at the thought of filing for bankruptcy, and having that permanent stain on their credit report, however when the bills are piling so high on the table that you can barely see over them, and theres no end in site, bankruptcy may just be your only way out.
First of all, you need to find yourself a good bankruptcy lawyer. Such a professional will be able to answer all of the touch questions about your case for you such as if your car and home will be protected, and which other belongings and assets that you should worry about. Most people do not realize that there are different types of bankruptcies and that the laws change frequently. Youll want someone who is abreast of these, therefore keeping you out of danger.
This person can also help keep the creditors off of your back while your case is proceeding.
Some people choose to forego the lawyer and try to do it alone, and this I strongly recommend against. The reason being that there are a lot of errors...
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