Steps To Protecting Your Assets
If you have recently defaulted on payments that you owe, you need the help of an experienced Queen Creek, AZ bankruptcy attorney to guide you through the bankruptcy process. From determining eligibility to filing paperwork to protecting you from collection calls, an attorney will be by your side from the first step to the last. Contact a lawyer today at Wright Law Offices for help immediately.
The First Step To Protecting Your Assets
The moment you realize you will not be able to make multiple payments, you should contact a lawyer. If you are only going to be late on a single payment, you do not necessarily need legal representation. Instead, you can call your lender or credit institution and make them aware of your situation. Tell them why the payment will be late, how long you need, and then you can work with them from there. However, if you are unable to make multiple payments then you should consider filing for bankruptcy. There are many kinds for all sorts of different scenarios, so an experienced lawyer can guide you through which is right for you.
Get Ready For Counseling
Most bankruptcy plans will require you to sign up for credit counseling. This might sound intimidating, but it is actually an extremely helpful step where a counselor works with you on your financial situation. They will sit down with you to help you prepare a budget and show areas that need improvement. They can also provide tips on how to improve your current credit situation. This is a great resource and should be seen as a tool for you to learn more about better budgeting.
Time To File
After meeting with a lawyer and attending some counseling sessions, it will officially be time to file for bankruptcy. Your Queen Creek bankruptcy attorney will take care of all of this for you. They will keep up with deadlines and help manage everything so that it gets where it needs to go. This will just require you to review the information provided in the legal documents as well as your signature a few times.
Once your bankruptcy is officially filed, an automatic stay is enacted. This means that financial institutions cannot use tactics to try and get their money back such as through wage garnishments, repossessions, or even harassing calls. If your lawyer filed your paperwork and you are still being pursued by these organizations, let your lawyer know and they can step in to help, taking a lot of stress off your back.
From determining the type of bankruptcy — from Chapter 13 bankruptcy to Chapter 7 bankruptcy — to ensuring that your automatic stay is enforced, the bankruptcy process can seem overwhelming, which is why it is so important to have knowledgeable legal help buy your side. Contact a Queen Creek bankruptcy attorney today from Wright Law Offices to discuss your case and determine how best to protect your assets and peace of mind moving forward.