Are you buried under a mountain of debt with no solid plan to get out? If these are the words you would use to describe your financial situation, it may be time for you to consider Bankruptcy Des Moines. For those who are looking into the possibility of filing for bankruptcy, ponder these three ways that talking to a lawyer can help your case run ore smoothly:
1. Hiring a good bankruptcy attorney can help consumers avoid wasting their time and money on taking the wrong kind of action. Before you file a petition for a particular type of Bankruptcy Des Moines, you need to know your eligibility status. If you have too much income, you may not pass the required means test in order to file for Chapter 7 bankruptcy. If you don’t make enough money, you won’t be able to afford to repay your creditors under a Chapter 13 agreement. Your attorney will discuss your unique situation and advise you on which type of bankruptcy will work best for you.
2. When you file for Bankruptcy Des Moines, the courts will move forward with the assumption that you know what you’re doing. Unfortunately, bankruptcy can be more complicated than you anticipated, and you may end up making mistakes that could get your petition denied if you try to go it alone. Instead of risking financial freedom, let a bankruptcy lawyer help you do things right the first time. They’ll help you complete the necessary paperwork, understand how to list your debts, and (if you’re filing for Chapter 13) help you create a solid repayment plan that you can stick to.
3. A bankruptcy attorney can provide sound advice about what you can expect and what you need to do prior to filing a petition as well as after your petition has been filed. You’ll get a thorough understanding of how the bankruptcy court will evaluate any action you take (such as a transfer of assets or a sudden spike in income) as well as guidance when it comes to the issue of signing reaffirmation agreements and rebuilding your credit post-bankruptcy.
Filing Bankruptcy Des Moines can be a difficult decision, but it may be the only thing that will make your situation better. Get in contact with an experienced bankruptcy attorney today to find out how you can get out of debt and get back on the path to true financial freedom.