When it comes to filing bankruptcy, it is important that you let your fort worth bankruptcy attorney guide you along the way. They have expertise in the area, which means that they will be able to help you get things done the right way. Without an attorney, it is easy for you to find yourself amidst a lot of information without much direction. How can you ever know whether you should file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy?
The good news is that your attorney will be able to ask you a few questions and let you know what type of bright bankruptcy will work best for your particular situation. The problem that you may run into is the fact that it can sometimes be difficult to choose. You really have to learn a bit more about both, and the lawyer will be able to answer any questions that you may have.
With a Chapter 7 bankruptcy, you generally don’t have to pay any of your creditors back as long as they are filed with the bankruptcy. This gives you more financial freedom when it comes to starting over, but it isn’t the solution for everyone. With a Chapter 13 bankruptcy, you must pay back your creditors, but your lawyer will go to bat for you and get them off of your back and get them to settle for a lower amount. This, again, isn’t the option for everyone.
Choosing which bankruptcy option will work best for you isn’t an easy decision, because they both have their own consequences. There are certain factors that you must take into consideration before making your choice. When you hire an attorney, you will find that they will be able to help you decide the right path, while also helping you to get back on your feet after the bankruptcy.
When it boils down to it, it is safe to say that filing bankruptcy really isn’t something that you should try to do on your own. You may find that it is more difficult of a process, and making certain decisions on what action to take can be next to impossible on your own. Even if you think that you know the laws, it may be a good idea for you to get an attorney just to be sure. You don’t want to do something that you may regret in the future.