Are you facing severe financial problems, such as your bank attempting to repossess your home and car?

If the answer is yes, you should consider filing for bankruptcy. Unfortunately, filing for bankruptcy isn’t always easy. If mishandled—if you don’t know what you’re doing—you can lose valuable property.

Here Are Some Situations That Call Hiring A Boca Raton Corporate Attorney.

1) You Are Behind on Your Bills

If you are behind on your bills, it’s time to file for bankruptcy. However, if you don’t hire an attorney, you risk losing valuable property that could be exempt from repossession.

For example, filing for Chapter 7 means that the court will use its power to get rid of your unsecured debts—like credit card balances—and almost anything else that isn’t secured by real estate.

However, if you have equity in your car or home or equipment that can be repossessed because you used it for business purposes, the court cannot help you get rid of these debts.

2) You Have Tons of Debts

If you have a lot of debts, it may be better to file for bankruptcy. However, if you do so without an attorney’s help, you run the risk of losing valuable property that could be exempt from repossession.

Bankruptcy lawyers in Easton MD, will help you file for Chapter 13 bankruptcy. The court will divide your unsecured debts into three categories with this type of filing. The court will determine the amount you need to pay per month for each one. It allows you to have more breathing room with your money.

3) You Are Behind on Your Taxes

If you are behind on your taxes, it’s time to file for bankruptcy. However, if you don’t hire an attorney, you risk losing valuable property that could be exempt from repossession. A lawyer can help to get rid of tax debt.

4) A Creditor Has Sued You

If a creditor has sued you, it’s time to file for bankruptcy and hire an attorney. A lawyer can represent you in the lawsuit and—if you cannot settle out of court with your creditor—help in court proceedings.

Bankruptcy lawyers in Easton, MD, can help you determine the right course of action and provide valuable legal advice. They will help you file for bankruptcy, should it be necessary.

You need to submit an official bankruptcy notice to all of your creditors after filing for Chapter 7 or 13. A Boca Raton business consultants Florida can ensure that the process takes place properly, which will prevent possible seizure of property.

Conclusion

You should be hiring an attorney if you consider filing for bankruptcy, no matter your financial situation.

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