Being in over your head in debt can make you feel like you are drowning. As your debt grows higher and higher, you feel less and less in control. If you are drowning in your own debt, it is important to know that there are solutions that can assist you in getting out of the debt and the bondage that debt brings.
If you have done all that you can to deal with your debt and are still finding no way out, bankruptcy may be an answer for you. Though it should never be your first choice, bankruptcy is a viable option for those who find themselves in uncontrollable debt that they cannot get out of.
To find out if a Richmond Bankruptcy attorney can help you, you will first need to gather all of your bills and debt amounts. This may take time, but it is important to make sure that you have every single bill that you owe. This will be used by your attorney to draw up the bankruptcy paperwork. Any debt that is not included in the bankruptcy will still be due to be paid and will not be covered under the bankruptcy protection.
Your Richmond Bankruptcy attorney will go over all of the bankruptcy options that are available for you. Some options allow you to pay off your debt through the bankruptcy and keep most of your property. Your attorney understands the bankruptcy laws and can help to draw up the bankruptcy correctly so that you do not experience issues in being approved by the judge.
Your attorney will go with you to the hearing for your bankruptcy. The judge will allow any of your creditors to speak on the accounts that you owe. Your attorney will present your financial information so that the judge can see that you truly are unable to pay your debts. Through this hearing, the bankruptcy will be finalized.
The period of your bankruptcy will vary, depending on the type of bankruptcy that you filed. Through this period no bill collectors are able to pursue you for your owed accounts. If they contact you, you must refer them to your attorney and allow him or her to deal with the creditor.