The Legal Process of Bankruptcy
The Legal Process of Bankruptcy Whether you’re struggling to pay your bills or you’re about to be foreclosed on, bankruptcy can be an option for getting rid of your debts. In fact, it can be a great way to get back on track financially and even regain your credit. But before you decide to file, it’s important to know more about what will happen. The first step is to consult an attorney. Your lawyer can tell you what the legal process will be and how it will affect your financial life. In addition, your lawyer can help you find out what you can do to avoid bankruptcy. You can also work with a credit counselor, who can help you understand what options are available to you and how to make the most of them. When filing for bankruptcy , you will be asked to submit a list of your creditors and assets. You will also have to describe the total amount of your debts, income and expenses over the past few years. You will also have to include current utility bills, cell phone, landline...