If you’re facing an overwhelming amount of debt, it’s important to remember that you are not alone. From medical bills and student loans to credit card balances and car notes, carrying hefty debts has essentially become a way of life in America.
That doesn’t mean, however, that you don’t have options should the debt become unmanageable. If you owe more than you can ever reasonably pay off, it may be possible to discharge some or all of it through bankruptcy.
Of course, with your finances in such a dire state, hiring a bankruptcy attorney may seem out of reach. Reputable firms understand the challenges their clients are facing, though, and they’re willing to work with them. At the very least, it’s worth taking advantage of the free consultation to discuss your situation with a seasoned professional.
If you’re eligible for bankruptcy and you choose to proceed with the lawyer’s help, you can count on him or her to:
1. File Your Petition
In order to commence the bankruptcy proceedings, you must file a petition with the U.S. Bankruptcy Court. Your attorney will help you complete this petition accurately and thoroughly and then make sure it gets in the rights hands so as to prevent any unnecessary delays.
2. Represent You at the 341 Hearing
Regardless of whether you pursue chapter 7 or chapter 13, you must attend a 341 hearing, which is essentially a meeting with the trustee who was assigned to oversee your case. During this hearing, the trustee will review your petition to confirm that everything is in order.
Although creditors will be invited to attend, it’s rare for them to appear; however, if they do, your lawyer will help you negotiate with them. In most cases, creditors who have valid disputes are willing to settle the matter without resorting to litigation.
3. Assert Your Rights
Upon filing your bankruptcy petition, the court will enact an automatic stay, which is a federal injunction that prohibits creditors from taking further action against you. Until your case has been resolved, creditors are typically unable to sue you for payment, garnish your wages, foreclose on your home, or seize your assets.
They’re also prohibited from harassing you with phone calls and letters. Should any creditors violate the automatic stay, you can be sure your bankruptcy attorney will take the measures needed to get them to stop.
4. Facilitate the Proceedings
At the end of the day, your legal team’s primary goal is to help you secure a much-needed fresh start as quickly and effortlessly on your part as possible. As such, you can count on your lawyer to guide you through every stage of the proceedings and handle virtually all aspects of your case.
Call 601-487-8448 to Discuss Your Case with a Jackson Bankruptcy Attorney
To see if you’re a good candidate for bankruptcy, turn to the compassionate team at Brown Bass & Jeter, PLLC. We never judge our clients for the situations they find themselves in; instead, we help them devise and implement the most effective strategy for regaining their financial footing. Call 601-487-8448 or complete the Contact Form on our website to schedule a free consultation with a bankruptcy lawyer in Jackson.