Set Goals Post Bankruptcy

Set Goals Post Bankruptcy

Set Goals Post Bankruptcy

The economy in Rockford has suffered along with the rest of the country. Just ask Rockford bankruptcy lawyers. The unemployment is double digit, and there seems to be no relief in sight as far as an increase in jobs. Rockford bankruptcy lawyers are extremely busy. Year to date Rockford bankruptcy lawyers report that business is ahead of last year by quite a bit. This does not mean they are taking any joy in the situation. Indeed, they are seeing the very human side of the toll that the economy is taking on individuals and households. Yet, they are a necessary component in helping to return the economy to some degree of stabilization. Most people who find themselves searching for a lawyer are not prepared in any way to reorganize their finances. They have no plan, and this is a mistake. Remember, you are your best advocate. You know best where you are and where you would like to be in, say, three or five years. Your lawyer does not know. They will file the right papers, represent you in court, but they cannot see inside your head. So work out some goals and have a plan by the time you visit with your lawyer. Finding a lawyer is fairly easy. Ask your family or friends and you might be surprised by how many have had to seek professional help with their finances. Your lawyer may advise you to file a consumer bankruptcy action, either Chapter 7 or Chapter 13. Chapter 7 will have you liquidating our assets to pay off creditors; and Chapter 13 will set a schedule for you to repay those you owe. Your advice might be more conservative --that is, get on a budget, get another job, sell some toys. Your lawyer will work with you and many others to settle your debts and start you on your way to a better financial future.

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