Hi, my name is Kirsten Krueger and two years ago, I was in a car accident. I was stopped at a stop sign when the driver behind me slammed into my car. Due to my injuries, I had to spend a few days in the hospital and I was unable to work for two months. My medical care was expensive and without being able to work, I couldn't pay my bills. The car accident was stressful enough and then I had to worry about how I would pay my bills. After speaking with a car accident lawyer, it wasn't long before I was compensated for my medical bills and lost wages from work. I'm writing this blog to help others who have been a car accident and haven't received any compensation. As you read my posts, you'll learn how an attorney can help you if you're in a vehicle accident.
People that end up having to file bankruptcy have the option to hire a bankruptcy attorney. This is smart because this professional knows this process and understands exactly when it should be considered for those dealing with certain financial problems. If you end up hiring this attorney, here are some ways they can make bankruptcy less difficult and stressful overall.
Help Liquidate Assets
If your bankruptcy attorney suggests filing for a type of bankruptcy that will have a repayment plan, then consider getting rid of some assets to help you get this repayment plan started on a positive note. A bankruptcy attorney can help you with liquidating these assets.
They'll see which assets you should keep and which ones should be sold off to help you deal with your current financial situation. You thus won't have to regret this asset liquidation because it will be monitored by a professional that deals with debt for a living.
Ensure You Meet and Maintain Particular Terms
If you are approved for a type of bankruptcy, you will be asked to meet some important terms. That's not going to be as difficult if you hire a bankruptcy attorney. In addition to helping you meet these terms, they can ensure you maintain them so that you don't make your financial situation worse.
You may have to avoid adding more debt to your plate or avoid large purchases for an extended period of time. A bankruptcy attorney can manage your finances in a hands-on way so that you don't forget what you're obligated to do after filing and getting approved for bankruptcy.
Keep You Realistic About Debt That Can Be Wiped Away
You don't want to go into bankruptcy thinking that all of the debts that you have collected over the years are going to disappear. This usually doesn't happen. You can find out what debt will be taken off the table by working with a bankruptcy attorney.
They can provide a breakdown of the debt that is on the table for being alleviated or at least adjusted. Then you'll have realistic expectations of what bankruptcy is going to do for the next chapter in your life.
If you made some bad decisions with your money and subsequently are filing for bankruptcy, an attorney that deals with bankruptcy is going to really make a difference in how things go from here on out. Let them guide you and give services that you need during this financial time of need.
If you need a bankruptcy attorney, reach out to a local law firm, such as Havner Law Firm.
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