If you are overwhelmed by debts that you have no ways to pay, one way to deal with this problem that affects your life is to declare you bankrupt, or insolvent. While the law offers you the ability to complete the forms without the help of a lawyer, the best thing you can do before making this difficult decision is to consult with an experienced and qualified professional Phoenix Bankruptcy Attorney
Declaring yourself bankrupt is a legal procedure by which you can start from scratch, financially speaking. But while bankruptcy can be useful and effective in solving problems such as debts in some cases, it is not the definitive solution to all your problems, nor the right step for everyone. It is also important to choose carefully when to file for bankruptcy, waiting as long as possible, as it can only be done every six years. Neither can you seize certain assets nor can you go to jail for not paying civil debts.
On the other hand, bankruptcy does not completely eliminate the rights of your creditors, nor obligations such as alimony for children, student loans, or debts you have contracted with the state. Are you sure that bankruptcy is the only solution for your debts?
The only way to make sure that the bankruptcy procedure is the right solution is to discuss your particular situation with an Phoenix Bankruptcy Attorney familiar with this matter. Each case is different, and laws do not remain unchanged but change from time to time. Only a professional can advise you with certainty of the procedure indicated for your particular problem. Even if you can not afford a lawyer’s fees, in our online lawyer directory you will find many free attorneys who can advise you.