Will My Life And Credit Be Destroyed Permanently?
If you are reading this, it is probably safe to presume that you are already far too deep in credit card debt and have either stopped making payments or are barely able to continue doing so. Regardless of your circumstances, you should always prioritize meeting your essential requirements. For instance, pay first for your living expenses, such as food, medication, and school for your children. If you are unable to repay your debt, you should consider filing for bankruptcy. Your credit is presumably already in a poor state. If this is the case, the best course of action is to plug the openings and take drastic action to rectify the situation. Chapter 7 bankruptcy will unquestionably have a negative impact on your credit score. After your release, however, you will be able to reconstruct and restore your reputation. The bankruptcy discharge will remain on your credit report for up to ten years, but you will be able to obtain credit within a few months.
Do I need a lawyer or can I file on my own?
The procedure of declaring bankruptcy is difficult. You are not required to hire an attorney, but doing so is strongly advised. There are numerous forms and forms of documentation required to file for bankruptcy. These are difficult to comprehend for those without the proper training, and if you make an error while submitting your forms, you risk not receiving your court-ordered discharge. Consequently, it is strongly advised to retain the services of a lawyer. The majority of firms that specialize in bankruptcy cases will provide you with a free consultation where you can receive answers to all of your concerns. During this initial consultation, you will be advised on what to do and informed of fees and other pertinent information.
" - https://www.affordablecebu.com/
