Declaring bankruptcy is not something that you can do overnight. It is a decision that requires a lot of thought, and you need to truly understand how deeply it will affect you and your family. Once you declare bankruptcy, the State freezes your assets and draws up a payment plan so that you can pay your major debtors. Making such a massive decision all by yourself, without any professional assistance or legal guidance, is a terrible idea. If you are a salaried person, the first thing that you should do is to talk to Chapter 13 bankruptcy attorneys in Topeka, KS.
What They Do
Chapter 13 is most commonly referred to as a wage earner’s plan, where a debtor creates a repayment schedule for how they can make payments. When you contact chapter 13 bankruptcy attorneys, they will first sit down with you and discuss the key issues involved in your case. It is important that you get some legal guidance before making such a huge decision. If you want to know more, you can schedule an appointment and visit us at your convenience. Or, you can check out our website to see how we can help you in filing for bankruptcy.
Once the final details of your bankruptcy have been laid out, the chapter 13 bankruptcy attorneys will file the relevant documents in a court of law. Naturally, your creditors are going to be quite agitated, so your lawyer may even hold discussions with them to draw up a payment plan that suits both parties. Declaring bankruptcy will also have a massive impact on your life, so the bankruptcy attorney will also assist you in adjusting to the changes in your life so that you can rebuild your finances from scratch.