subject: A Pleasant Road Ahead [print this page] A Pleasant Road Ahead A Pleasant Road Ahead
Individuals facing financial insolvency generally use bankruptcy as a last resort after exhausting all other avenues to settle their debts. Budgeting, lifestyle modification, debt consolidation, selling assets, increasing income and negotiated settlements are approaches that may help you to avoid bankruptcy. However, for some individuals, contacting a Southfield bankruptcy attorney and filing for personal bankruptcy may be the only solution to get out from under their debt and make a fresh start. If you decide that filing personal bankruptcy is the best option for you, make sure you look up an attorney that specializes in personal bankruptcy. Make sure that the attorney that you choose is a reputable attorney that cares about people and will take the time to listen to you and your concerns. When it comes time to deal with creditors, you want an attorney that you can trust and rely on. A Southfield bankruptcy attorney will be there to assist you and address your needs in your personal bankruptcy case. When you make the final decision to file bankruptcy, you will need to decide if Chapter 7 or Chapter 13 personal bankruptcy will fit your needs better. Your Southfield bankruptcy attorney will help you to make this decision depending on your individual circumstances. In a Chapter 7 personal bankruptcy, your assets are sold and the cash is used to pay your debt. Some assets are protected, but many will be liquidated. Chapter 13 personal bankruptcy is ideal for someone who has a home or car he or she wishes to keep, but would not be exempt under a Chapter 7 personal bankruptcy. A payment plan is arranged that allows the filer to retain those assets. Once your Southfield bankruptcy attorney has filed your personal bankruptcy, you will find life to be much more pleasant. The harassing phone calls from creditors will stop and you will feel like a weight has been lifted off your shoulders.
