With the economy going South in recent times, a good number of Americans are faced with the difficult decision of filing bankruptcy. However, it is not an easy decision to make. Neither is it a mere easy way out of the trouble of owing people money. Bankruptcy comes with quite a number of consequencies. Not the least of which is seeing your credit report and credit score suffer. This means that you may not be able to apply for a new credit card, a much-needed bank loan, and other credit or loan-based financial products for as long as the record of your bankruptcy still remains on your credit report. On the flip side, however, you may need the lifeline and the clean slate that a bankruptcy filing could afford you. So, if you are in dire straits but would really need help in figuring out how to go about your bankruptcy filing, a Phoenix bankruptcy attorney could be your best guide.
The difference between hiring a Phoenix bankruptcy attorney and going at your bankruptcy your own way is really monumental.
Without a Phoenix bankruptcy attorney to help you, you may find yourself:
Thus, in filing such a financially significant case that could impact your life in a major way, you would truly need the help of a Phoenix bankruptcy attorney.
The difference between hiring a Phoenix bankruptcy attorney and going at your bankruptcy your own way is really monumental.
Without a Phoenix bankruptcy attorney to help you, you may find yourself:
- Swimming in all the how-tos on filing a bankruptcy case.
- Knowing something about how to file, but not really sure about what you're doing.
- Getting the courage to actually file, but doing it the wrong way.
Thus, in filing such a financially significant case that could impact your life in a major way, you would truly need the help of a Phoenix bankruptcy attorney.
Here are the benefits of hiring a Phoenix bankruptcy attorney:
l The uncertainty of whether you're doing it right or not is tossed out the window. When you work with a reputable and capable attorney, you will be taken through the right steps of filing your bankruptcy case. You will find yourself guided the right way.
l You will be shielded from the harassment of creditors. You may already know by now that creditors could also hire their own legal counsel and harass you through these. A good lawyer should call your creditors himself and get them to stop the harassment. Everything will be settled in court, and your attorney will be able to help you deal with that.
l You will be provided with more knowledge. Your attorney will take you through the whole process, and thus help you sort through your debt. If you have debt that's as old as 10 or 15 years, it is actually beyond the "statute of limitations." There is an existing rule wherein a debt that has been left unpaid will be taken off your credit report after it hits 7 years. Neither can creditors sue you for debt that is more than 7 years old. These facts and other crucial information will be provided to you by your Phoenix bankruptcy attorney.
These reasons are but a small picture of how important it is for you to hire a Phoenix bankruptcy attorney. If you are serious about getting out of debt and keeping your credit report free of it, even financial coach Dave Ramsey advises that you should cooperate with your legal counsel in your bankruptcy proceedings. Get rid of your old financial mistakes legally, and work on living a debt-free life from here on. A bankruptcy filing could be your ticket to a clean slate.
Helpful site!!!!
l The uncertainty of whether you're doing it right or not is tossed out the window. When you work with a reputable and capable attorney, you will be taken through the right steps of filing your bankruptcy case. You will find yourself guided the right way.
l You will be shielded from the harassment of creditors. You may already know by now that creditors could also hire their own legal counsel and harass you through these. A good lawyer should call your creditors himself and get them to stop the harassment. Everything will be settled in court, and your attorney will be able to help you deal with that.
l You will be provided with more knowledge. Your attorney will take you through the whole process, and thus help you sort through your debt. If you have debt that's as old as 10 or 15 years, it is actually beyond the "statute of limitations." There is an existing rule wherein a debt that has been left unpaid will be taken off your credit report after it hits 7 years. Neither can creditors sue you for debt that is more than 7 years old. These facts and other crucial information will be provided to you by your Phoenix bankruptcy attorney.
These reasons are but a small picture of how important it is for you to hire a Phoenix bankruptcy attorney. If you are serious about getting out of debt and keeping your credit report free of it, even financial coach Dave Ramsey advises that you should cooperate with your legal counsel in your bankruptcy proceedings. Get rid of your old financial mistakes legally, and work on living a debt-free life from here on. A bankruptcy filing could be your ticket to a clean slate.
Helpful site!!!!
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