If you are overwhelmed by the number of bills and threatening phone calls you receive on a daily basis, you are not alone. The poor state of the economy has caused many people to fall behind on their bills and struggle financially. It is no longer unusual to hear about someone filing for bankruptcy to protect their family or even to save their home or car. If you find yourself in a financial bind you do not see a way out of, you should contact a bankruptcy lawyer in Bristol, TN. There are many benefits to calling a lawyer, each of which you should be aware of to make your decision easier.
Stop Threatening Phone Calls
If you are behind on bills or have bills with collection agencies, you know how unnerving the phone calls from creditors can be. Between the frequency and the rudeness of the callers, the phone calls can leave you feeling overwhelmed and depressed. If you consult with a reputable bankruptcy lawyer and together you determine a Chapter 7 or 13 is a good choice for your financial situation, the phone calls will stop the minute you file your case. This fact on its own is a reason many people can’t wait to file their bankruptcy case.
The Paperwork
Choosing to file a Chapter 7 or 13 bankruptcy involves a large amount of paperwork. While it is possible to file for bankruptcy on your own, it is not recommended. The large amount of paperwork, combined with the deadlines and accuracy required, predicates the need for a bankruptcy lawyer in Bristol, TN. The success of your bankruptcy depends on the paperwork being completed correctly, as well as on time. If you miss just one deadline, your entire case could be thrown out, leaving you in the same financial bind you were in when you started the process.
Your Assets
If you have a home or a car you intend to keep after the bankruptcy, the laws are intricate. You will need the expertise of a knowledgeable bankruptcy lawyer in Bristol, TN, to determine exactly what you will be entitled to keep, as well as how to go about it. There are specific procedures you need to follow to retain your home or car. Leaving these items up to chance could leave you without a home or a car you intended to keep after filing for bankruptcy.
