Bankruptcy is a federal legal process which allows a debtor to eliminate some, if not all of their existing debts, in an effort to start fresh financially. There are assets which a party is allowed to retain, despite their bankruptcy filing. There are different types of bankruptcy which you may be eligible for. An attorney will consult with you, review your financial situation, and determine if you qualify for filing bankruptcy, and which type of bankruptcy would be the most beneficial for you, depending on your income and assets. People may file bankruptcy individually or as a married couple.
It is important before meeting with a bankruptcy attorney to have an accurate picture of your finances, including assets and debts. Some people elect to have a credit report run before they meet with their attorney to make sure there are no debts left unresolved. It is also important to honestly value and list all of the assets you hold an interest in during your bankruptcy.
A bankruptcy attorney can determine your eligibility for bankruptcy, determine which type of bankruptcy is best for you, and lead you through this challenging process capably and compassionately, to help you obtain financial stability once again. BASILIERE, THOMPSON, BISSETT, CASTONIA & SWARDENSKI LLP is a Debt Relief Agency. We help people file bankruptcy under the Federal Bankruptcy Code. Please contact us to set up a consultation to explore whether bankruptcy could assist you.
For more information or to schedule a consultation please call us at 920 231-5050 or click here.