subject: Take The First Step To Financial Recovery Sooner Than Later [print this page] Take The First Step To Financial Recovery Sooner Than Later
The news around the country is growing more optimistic all the time regarding the economy, but the positive news leaves some, like those in Joliet, wondering when the uptick will be noticeable. Joliet bankruptcy attorneys are wondering, too. Most Joliet bankruptcy attorneys have seen a large increase in the number of visitors to their offices, all seeking to reorganize their finances. Joliet bankruptcy attorneys are extremely busy helping their fellow citizens reorganize their finances, often through court intervention, but it has a human toll, too, of course. These are the neighbors, friends and even relatives of these attorneys. If there is one message that should get across to those who are in the midst of a financial landslide it do not wait. Do not wait until you have crashed and ht bottom. It is painfully obvious to most in financial trouble that an easy climb out of the ditch will not be possible. Then it is time to act. First, recognize the danger of letting your finances slide over the cliff. Once that happens it is often too late to regain any solid financial footing quickly, if at all. Once you recognize the danger, take action. Do the normal things, like cutting back, getting on a budget or even getting a second job. Then, go look for an attorney. Do not wait until it is a desperation search to find a good and qualified attorney. Don't know where to look for one? Try relatives and friends. Chances are that someone you know closely has had to seek out professional help in reorganizing their financial affairs. They have had to retain an attorney. If you have had very smart or lucky friends or relatives, then take to the Internet. Most lawyers will have detailed web sites outlining their specialities and personnel. If you do not trust the Internet to such important tasks, then contact a community organization or church. Chances are they will have names on file for you to look at and consult, and even have attorneys who are members of the same. Visit your attorney with a plan. A good attorney will be a great advocate for you, but only you know where you want to be in two, three or five years. It is important to share those thoughts and goals with your attorney. Your advice may be to file Chapter 7 or Chapter 13 bankruptcy protection, or it may be simpler, such as private negotiations with your creditors. If you file Chapter 7, you will have to pay your creditors after selling most assets. Chapter 13 is a little more forgiving; it lets you keep some assets and work out a payment plan for those whom you owe. Each case is different, however, so your attorney will advise you on the best course of action. Talking with a professional is your first step in getting your finances reorganized and getting back on sound financial footing. The sooner done the better.
