Individuals who consider filing personal bankruptcy are most likely intimidated by all the complicated paperwork. The thought of how personal bankruptcy is going to affect your credit afterward can also be very overwhelming and terrifying for most people. Many questions will go through your mind as you wonder whether or not to file for personal bankruptcy. That’s where qualified Aurora bankruptcy attorneys should enter the picture.
It is a good idea to consult with reputable Aurora bankruptcy attorneys who have experience in the personal bankruptcy field. When the time comes to deal with creditors, you want an attorney that you can rely on and trust. Aurora bankruptcy attorneys will guide you through the complicated personal bankruptcy process. Aurora bankruptcy attorneys have the knowledge and expertise to take care of all the necessary paperwork and will give you the quality legal advice and representation you need to file a successful personal bankruptcy case.
You and your bankruptcy attorneys will determine which type of personal bankruptcy you should file for your particular set of circumstances. There are two types of personal bankruptcy that may be filed with the federal bankruptcy courts: Chapter 7 personal bankruptcy, which erases most of your debts, and Chapter 13 personal bankruptcy, which creates a debt repayment plan.
When you file for personal bankruptcy under Chapter 7 and Chapter 13, creditor harassment and wage garnishment will immediately cease. If your wage is garnished because you have to pay child support, that wage garnishment will continue. However, if your wage is being garnished in order to pay unsecured credit card debt, that wage garnishment will stop. Filing for personal bankruptcy can also protect some of your property so it will not be taken over by your creditors. Your Aurora bankruptcy attorneys will inform you as to which type of personal bankruptcy is right for your individual circumstances.
Once your personal bankruptcy petition is filed with the courts, you will no longer be plagued by creditor harassment and personal stress. Filing for personal bankruptcy does not have the stigma it once did years ago. Sometimes we find ourselves confronted with situations in life that we are unable to handle, and filing for personal bankruptcy is one way you can help get your finances under control. Knowing that those bill collectors will stop hounding you and you will finally be able to sleep better at night is certainly a step in the right direction.