Filling for bankruptcy is not a step that anyone will take likely and it’s inevitably anxious time for everyone involved. There are so many things to organise and get right and of course, there are plenty of questions, that need to be answered.
I wanted to give you the answers to the three most asked questions that I get when people talk about bankruptcy with me.
1. How do I know if bankruptcy is my best choice, and what Bankruptcy Services are right for me?
First, you need to consult a financial advisor or Bankruptcy Attorney to have them evaluate your situation for you. Every situation is different, and only a licensed professional can truly help you make the most informed decision.
If you look in the phone book or put into your browser search term like bankruptcy lawyers in Oklahoma City, you will get the best firms in your local area. It’s best to go with a local company as it’s often best to meet in person to discuss your case. Many firms offer the first initial consultation for free so that you can decide who to engage for your particular case.
2. Should I contact Chapter 7 Bankruptcy Lawyers or Chapter 13 Bankruptcy Lawyers?
Many attorneys that specialize in this field offer services for both types of bankruptcy. I always say knowledge is power, so before your meeting (or even phone call) research what both Chapters are. Know what your assets and liabilities are. The more information you can provide them, the better assessment and recommendation they can provide for you.
3. Will everyone know that I am Filing For Bankruptcy?
Every situation is different. Your bankruptcy, unfortunately, does become a public record, and can be even printed in your local paper. If someone is specifically looking for this information, they probably will be able to find it. Otherwise, people probably won’t know unless you choose to tell them.
My personal opinion on the matter is that if the filing is the best choice for your family in order to save your existence and start fresh, then you have to do what is best for your family. People who judge you and think less of you, probably aren’t the best people to have in your life anyway. If they truly cared about you, they’d be supportive and understanding, and willing to help in any way that they could.
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