For those in over their heads in debt, life can be stressful at best. The constant harassing calls and the wage garnishments can be more than some people can handle. If you are one of the people dealing with more debt than you can pay, there is help available to pull you out of your mountains of debt. Though bankruptcy is not for everyone, it has helped millions of people to get back on their feet financially. If you have done all you can to get out of your debt and are still finding no relief, contacting the Bankruptcy Attorneys in Aurora can help. Through their legal representation, you can successfully file for bankruptcy and eliminate your debt once and for all.
What Happens During the Process of a Bankruptcy?
When you first meet with your attorney, he or she will ask you to provide quite a lot of information on your finances. You will need to provide copies of your bills, or at least your account information, proof of income and information on the assets you own. Each piece of information you provide is essential, because it will be used to fill out your bankruptcy petition. It is very important you provide information on every debt you owe, no matter how small or large. If you do not provide ample information, some debts could go unlisted in your bankruptcy, making them your responsibility to pay, even if you are approved.
Once your petition has been filed, your creditors will be notified and the hearing for your bankruptcy will be scheduled. If approved for bankruptcy, the judge will decide on the monthly payment amount you will pay, to reduce your debt and pay off your bills. The Bankruptcy Attorneys in Aurora will work to make sure the payment you will be required to pay will be an amount you can afford, based on your income.
If you have recently lost your job, or had unexpected medical bills and have gotten in too much debt, there is a way out. Contact the law offices of Ledford & Wu and find out how they can assist you in filing for bankruptcy.
