Legal Guide

Rising from the Ashes: How a Bankruptcy Attorney Can Rebuild Your Financial World

If you’re facing financial difficulties, it’s time to talk to a bankruptcy attorney. Many people think that bankruptcy will cause irreparable harm to their credit but that’s not the case.

In fact, an attorney can rebuild your financial world. They can also help you avoid getting harassed by creditors. If you’re not sure an attorney can help you rebuild your finances, read the list below. Here are three ways a bankruptcy can help you.

Determine Your Bankruptcy Options

If you can’t get out from under your debt, bankruptcy can help. There are two types of bankruptcy that are available to individuals facing financial problems. With Chapter 7 bankruptcy, most of your assets will get sold to pay off your outstanding debt.

Chapter 13 bankruptcy allows you to keep most of your assets, including your home and cars. With this type of bankruptcy, you’ll enter into a repayment agreement to pay off the remaining debt. Your attorney can help you choose the right bankruptcy option for your specific situation.

Ensure a Fair Repayment Plan

If you file for Chapter 13 bankruptcy, the court will arrange a repayment plan for you. One of the benefits of a bankruptcy attorney is that they’ll help you get a fair repayment plan.

Ensuring manageable payments can help you rebuild your financial foundation, which is important after bankruptcy. Your attorney will go over your budget to help you arrange for affordable payments.

Protect Your Assets

If you have assets, don’t file for bankruptcy until you consult with an attorney. Without legal assistance, you could lose many of your assets during bankruptcy. That can include your home, cars, and bank accounts. An attorney can help you rebuild your financial foundation by protecting your assets.

Rebuild Your Credit

If you need to file for bankruptcy, it’s time to think about the rebuilding process. Once your bankruptcy gets discharged, you can start rebuilding your credit. If you’re like many people, you might not know how to do that.

Unfortunately, mistakes can undermine your ability to rebuild your financial stability. An attorney can help you take the right steps to get your credit bank on solid ground after bankruptcy.

Don’t take chances with your financial stability. Contact us today at DeLuca & Associates Bankruptcy Law. We’re here to get you through the entire bankruptcy process. We can help you rebuild your financial world.

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