Have you recently found yourself under a mountain of debt with no idea how to get out from under it? Whether it’s due to poor financial decisions or an unexpected life event, many people find themselves unable to pay their bills at some point in their lives. Fortunately, the federal government has provided bankruptcy protection for these events. If you’re thinking about filing a bankruptcy petition to get debt relief, it’s vital you discuss your options with a lawyer before proceeding with any petition. Read on to discover a few reasons why this is the case.
• There are different types of bankruptcy petitions, and each comes with its own qualification process. For example, filing for Chapter 7 bankruptcy requires that you pass a test to prove your income is low enough. This way, bankruptcy attorneys in Pottstown, PA, can help you avoid wasting your time filing the wrong type of petition since they’ll be able to evaluate your individual financial situation and help you make the best decision.
• Whether you have an attorney or not, the court assumes you understand exactly what you are doing when you file a bankruptcy petition. Unfortunately, this also means they are not particularly sympathetic to mistakes, and even little ones can result in the denial of your petition. Consequently, it’s best to have help from an attorney during the filing process so that you don’t end up putting your case in jeopardy.
• You will have responsibilities in the bankruptcy process. For example, you may have to take a credit counseling course or submit an approved debt repayment plan to the court. Bankruptcy attorneys in Pottstown, PA, will make sure you are well-informed about these responsibilities and help you make sure these tasks get completed thoroughly and accurately.
Filing for bankruptcy can be a difficult decision, but it often turns out to be worthy for those who are in very serious financial trouble. However, this only proves to be true when you do things right. Attorney David T. Schnarrs can help you avoid the nightmare of having your petition rejected. If bankruptcy is your best option for debt relief, visit to find out how to get in touch with an attorney who can help make sure you face as little challenge as possible in getting your financial life back on track.
