Due to recent economic issues in today’s society more people living in the United States are filing for bankruptcy than ever before. In fact, millions of Americans every year are filing for bankruptcy protection in the United States. This is because there are many families who feel that they have no other choice and that the weight of their debts, bills and financial responsibilities is to much to handle and that they need to do something in order to find some sense of freedom. This is why people file for bankruptcy so that they can legally be released from their unsecured debts during their time of hardship.
There are a few different types of bankruptcy in the United States today with one of the most popular types being Chapter 7 bankruptcy. If you are considering filing for this type of bankruptcy then the first think that you will want to do is to hire a professional bankruptcy attorney for assistance. When you file for Chapter & you will first need to go through credit counseling, and take a debtor education course to learn about debt and credit in the United States today. The reason that many people choose to file for Chapter 7 is that when they do these things they are able to keep most of their assets and their unsecured debts will be released.
In order to be given this type of ‘fresh start’ you will first want to call your bankruptcy attorney so they can take a look at your credit and debt situation and so they can start helping you with your finances and filing for this type of bankruptcy. They will be able to help you with unsecured debts such as loans and credit cards, when your automobile is at risk for repossession, mortgage issues and late fees on your credit card bills. With their help they will also be able to guide you through the process of filing for Chapter 7 bankruptcy.
As you file you bankruptcy attorney will be able to provide you with detailed information on how this process works and what is involved with Chapter 7 bankruptcy. They will also be able to tell you how this type of bankruptcy protection does not discharge everything as it will not work with fines, spousal or child support and restitution in a criminal case. They can provide you with information on this and other particulars involved with Chapter 7 and help you move forward with the process so you can put this difficult time in your life behind you.