Bankruptcy can be a double-edged sword. On one hand, it is painful, stressful and sometimes embarrassing. However, on the other side, bankruptcy can help you get a fresh start and turn around your finances. How ever you view if, if you are facing the prospect of having to file for bankruptcy, there’s no question that you’ll need the services of Bankruptcy Attorneys in Dayton Ohio.
There many reasons why you’re going to need the services of a bankruptcy attorney. The first and, the most obvious reason is that bankruptcy can be a very complicated and confusing process. This usually starts with the petition that has to be filed on your behalf to the courts. In some cases, this petition can be up to 60 pages long. If the petition is filled out incorrectly, you’ll have to start the entire process again. With an attorney that understands the filing process, and one that has filed petitions many times in the past, this complicated petition filing becomes very simple.
In addition to the complicated nature of bankruptcy, it’s also important to know which bankruptcy you qualify for. Many people who don’t know a great deal about bankruptcy are very surprised by the fact that there is more than one type of bankruptcy to choose from. For example, if your income is a bit lower, chapter 7 may be the best option for you. This allows the court to wipe out a majority of your debts. This allows you debt forgiveness and helps you get back on firm financial footing shortly after the bankruptcy has been discharged.
If you make more money, you may qualify for a bankruptcy that helps you to restructure your debt in order to pay off a portion of it and satisfy your current debtors. This can still help you get your financial house in order, even though it doesn’t completely wipe out a vast majority of your existing debt.
As you can see from these three small aspects, bankruptcy can be complicated and it helps to have the services of Bankruptcy Attorneys in Dayton Ohio. If you’re facing the prospect of bankruptcy, don’t go it alone. Find an attorney, research that attorney, find them online, Visit the website and learn everything you can about the bankruptcy attorney. From there you can start dealing with your financial issues.