Many people are dealing with way too much debt these days. When your debt outnumbers the amount of monthly income you make, it can be impossible to catch up and overcome your bills. Though you should try to contact your creditors and make arrangements, this is not always possible when they are unwilling to work with you. If you have done all you can to overcome your debt and find options for help, you need to contact a bankruptcy law firm in Las Vegas, NV. In meeting with an attorney, you can learn about all of the different options available for filing for bankruptcy, so you can get rid of your debt once and for all.
What Happens During the Process of Filing for Bankruptcy?
When you first meet with a bankruptcy law firm in Las Vegas, NV, you will need to make sure you provide information on all of the bills you have. It is important you include even the smallest of debts so they can be included in your filing. Any you fail to report will not be included in your filing status and will be your responsibility to pay. You can be pursued for these bills, even if you have been approved. You may have your wages garnished and even be called to court. It is in your best interest to provide this information in its entirety.
The attorney will first go over the amount of debt you owe, as well as your debt to income ratio. This will help to determine what type of bankruptcy you will need to file. Since there are different types, each offering their own benefits, the attorney will need to meet with you and have you provide information before a decision can be made on what you will file for.
Once filed, it will be up to the judge to approve your bankruptcy. Once approved, you will need to adhere to the guidelines of the bankruptcy, making sure to make your court-ordered monthly payments on time. This will allow you to have success in overcoming your debt and having a better financial future.
