Bankruptcy Attorney and Advice on Filing

If you’re nearing the point where hiring a bankruptcy attorney may be in your future, there are several things you should consider before that point is reached. It is unfortunate, but many people nearing retirement age are finding that their dreams of having fun in their golden years have been deferred, at the very least, by the accumulation of debt. This debt doesn’t go away just because you retire. In fact, many people find themselves unable to retire because they owe so much money. If you are in this situation, it only makes sense to find a clean, efficient way to lower the burden.

For many, even hiring a bankruptcy attorney is out of the question, due to their financial situation. After all, if you are facing debts you can’t pay, does it make sense to take on another fee? In some cases, yes. If that fee allows you to get out from under a sliding pile of monstrous bills, then it is worth it in every way. But if you simply can’t afford it, don’t fret. You can still consult with a lawyer, who may be able to give you some general advice on how to proceed. It is no substitute for hiring one directly, but you should certainly look for any help you can get.

Keep in mind that you may be judgment proof. This means that a lending agency would have virtually nothing to take you to court for. If you don’t have any assets that would be considered viable candidates for a judgment and you don’t bring in income that could be garnished, then what is a creditor going to do? Nothing. If you find out from a bankruptcy attorney that you are beyond judgment, you can then arrange for him to contact your creditors and inform them of this fact. This should stop the hassling, as they will then write off your debt.

You may be ineligible to file. Check with a bankruptcy attorney to determine your eligibility. Many people will find there is something they can do, but it isn’t always through the court system. If you make too much money or have too many assets, you may have to go about things in a different way. This could include talking with your lenders directly and informing them of your situation. As long as you are willing to be flexible, they could be willing to work with you as well. They want to get paid, and they usually understand that some customers will need some special assistance to get back on their feet.