Debt can slowly creep up on you until you are in over your head and do not realize it. People who are dealing with way too much debt can often find life stressful. The harassing phone calls and letters from creditors can be overwhelming and many people do not know who to turn to for help. If you are dealing with more debt than you can handle, bankruptcy may be an option. Through bankruptcy, you can find relief from your debts, so you can overcome them and have a better financial future. To ensure your bankruptcy goes as smoothly as possible, it can be helpful to hire a Bankruptcy Attorney In Irvine.
How Can a Bankruptcy Attorney In Irvine Help You with Your Debts?
Filing for bankruptcy can be a confusing process if you are not aware of how to fill out your paperwork. It is imperative you provide information on all of the debts you owe. If any debts are not listed, it will be your complete responsibility to repay them. The creditor is allowed, by law, to pursue you for payment through wage garnishment or taking you to court. They have this right, even if you have been approved for your bankruptcy. If the debt is listed in your bankruptcy, the creditor is forbidden by law to contact you about your debt.
The process for filing for bankruptcy will begin with your Bankruptcy Attorney In Irvine preparing your paperwork. This will be filed with the court and your creditors will be given notice of your intent to file for bankruptcy. A hearing will take place before a judge and your attorney will represent you and will work to get an approval in your case. Depending on the type of bankruptcy you are filing, you will either pay a monthly payment to the court or have your non-essential assets liquidated to pay the debts.
