10 Things You Should Know About Bankruptcy
Thinking about filing bankruptcy? Before you contact your Roseville Bankruptcy Lawyer Seth L. Hanson and start on the paperwork, there are some factors you should consider to know if it is right for you.
- If you are behind on your bills, chances are bill collectors are calling you non-stop. After you have filed, bill collectors are no longer allowed to hassle you.
- Some people think that filing bankruptcy is a long, time consuming process. In all reality, filing may take as little as a few days as long as you provide us with the right paperwork.
- Many believe that if you file your spouse has to as well. In fact, there are certain situations where filing individual makes a lot of sense.
- When you file, you are not forced to surrender all your assets. Most of our clients are able to keep all of their assets, including their home and car, while eliminating their unsecured debt.
- Many people are concerned that co-workers and friends will find out that they have filed bankruptcy or that their bankruptcy will be published in the local newspaper. The truth is that individual bankruptcy filings are not published in the local paper and that someone would have to actively search the court records to find out about your bankruptcy filing.
- Bankruptcy can stop foreclosure of your home and allow you to keep it.
- The most common debts we encounter is credit card debt. This debt is unsecured debt and will be completely taken care of in the bankruptcy.
- If you are facing car repossession, bankruptcy can stop a creditor from doing so and allow you to keep your vehicle.
- Often times people who come to us do not need to file. Seth Hanson, is here to help you find the right solution to your problem, even if that means not filing for debt protection.
- Bankruptcy will not prevent you from getting a really good credit score in less than two years after your discharge. In fact, often times it actually helps you achieve a higher credit score faster than not filing!
Categorized in: Bankruptcy