Hardships come anytime, you can’t expect them not to knock on your door just because you have accomplished your goals. No there is much more than that to life and it’s the basic rule of life. In case you get caught up in a financial turmoil and are filing for bankruptcy, you might want to consider the followings!
- Asses Finances
You have to know each and everything about your expenses, income and the debts. You also need to pay attention responsible for your financial crises and work on to avoid them next time.
- Get Your Credit Card Report
In addition, you need to get the accurate list of all creditors you are in debt to. The problem is, people often mistake if a debt collector is no longer contacting them then its no longer an issue. If you fail to include all creditors on bankruptcy filings, then you run the risk going through all the procedure all over again.
- Inform your Debt Collectors as well as Creditors
Bankruptcy law needs the debt collection calls, letters and efforts for reaching debtors cease once the bankruptcy petition is filled in court without any problem. If you are filing for bankruptcy, let the collector know and give them the name of your attorney. Also mention the district you file from.
- Get Your Credit Card Certificate as Soon as You Can
This is a pre-filling requirement, its obtaining the certificate of successful completion of credit counselling with the government certified counselling. The counselling will take place to six months before filing up.
- Get an Attorney
The bankruptcy laws have become quite complicated so it’s in your best interest to hire a pro for representing you. You really need an attorney for solving your problems and getting the best options you possibly can in the respective circumstances.