Financial troubles can lead people down a very dark path. The stress and anxiety of owing money that can no longer be paid back can be difficult. Add on to that the fact that creditors will likely call ad nauseam trying to retrieve the money that is owed to them and it can be overwhelming. Whether it’s credit card companies, collection agencies or notifications of a potential lawsuit being filed against them, no one wants to deal with credit issues.
However, these sorts of things happen all the time and they happen for a wide variety of reasons. Whatever these may be, if a person has reached the end of their rope when it comes to their finances, one possible solution may be a chapter 7 bankruptcy filing.
In order to get the bankruptcy filing started, the person should first consult with an attorney. The reason for this is that there may be options outside of bankruptcy that the person hasn’t been able to investigate. Speaking with a bankruptcy attorney can help to uncover some of these options.
However, if bankruptcy is the inevitable outcome, an attorney is best suited to handle the filing for bankruptcy with the courts. The reason for this is that the filing process can be rather complicated. Getting it right the first time means that the filing can take effect as soon as the court approves the paperwork. This means that creditors can no longer contact an individual who has officially filed for bankruptcy. Any of these calls can be redirected to the individual’s attorney.
In addition, the process of chapter 7 bankruptcy can be lengthy and complicated. Having an attorney can help an individual be prepared for what the courts will demand of them. A chapter 7 bankruptcy attorney in Tulsa OK will make sure that the individuals have all the proper documentation and honor all of the stipulations the court demands be fulfilled during the bankruptcy process.
Bankruptcy may not be ideal, but for some people, it’s all they have. That’s why, if you’re facing a financial crunch that you simply can’t seem to overcome, you may want to speak with an attorney at like Matthew E Riggin PLLC . They can help you to understand the nuances of filing for bankruptcy, they can help you know what you can expect and help you to determine if filing for bankruptcy is right for you.
