The decision to file bankruptcy is never an easy one. It is a decision filled with emotion about whether filing for bankruptcy means you are a failure. But the things to remember when facing this tough decision is that:
Tough times never last but tough people do
The important thing is to get good advice from an experienced Sacramento Bankruptcy Attorney so that you know the truth about bankruptcy.
You see, there are many myths about bankruptcy and most people don’t know the truth. Why we have a bankruptcy law, how it works, who it is intended to help and protect are all important things you need to know if you are contemplating filing bankruptcy in Sacramento, California.
This is why speaking to an experienced, knowledgable and compassionate Sacramento Bankruptcy Attorney is the first step in separating fact from fiction when it comes to bankruptcy. Without knowing the truth about bankruptcy, you can never know if it is the right thing for you to resolve your debt problems and get a fresh start in your financial life.
If you live in the Sacramento, California area and are considering filing for bankruptcy, there are many things you need to know and consider but the first and most important things is this:
A common myth that any Sacramento Bankruptcy Attorney will immediately dispel for you is the commonly held belief that people who file for bankruptcy in Sacramento just don’t want to pay their debts.
Certain people actually believe that bankruptcy is just a way to get out of paying what you owe.
They often say things like:
Are there some people out of the several million people who file bankruptcy in the United States that intended to file bankruptcy when they were racking up their debts?
Very few. In fact, most people who file for bankruptcy in Sacramento had plenty of income to pay whatever debts they incurred at the time they incurred them.
99% of people who file for bankruptcy do so because they have had a drastic change of circumstances in their life. Any BK Attorney Sacramento will tell you that the people they represent in bankruptcy cases in Sacramento had something happen in their lives that changed everything.
Any experienced Sacramento Bankruptcy Attorney will tell you that people who file for bankruptcy in Sacramento tried everything they could to get back on their feet and pay their debts. Some people are able to hold on and turn things around and avoid filing for bankruptcy.
But for some, the timing does not work out that way and they simply cannot continue to live every day in despair from debts they can no longer repay.
That is why several million people a year file for bankruptcy protection…not to get out of paying their debts, but to get relief from debts once they have tried every way possible to pay their debts.
Any honest Sacramento Bankruptcy Attorney will tell you that the good news is that the federal bankruptcy law can sometimes be the only solution when life has become overwhelming and honest people in Sacramento need the fresh start bankruptcy has to offer.
The actual text of the bankruptcy law itself contains the words “fresh start” for a reason.
The bankruptcy law is intended to help honest people who find themselves under the weight of unmanageable debt for whatever reason, a path to being free from debt, getting a fresh start and being able to enjoy a productive and happy life going forward after a bankruptcy discharge.
It has been provided for in the United States Constitution from day one and in fact, 5 U.S. Presidents have filed for bankruptcy (Thomas Jefferson, Abraham Lincoln, Ulysses Grant, Harry Truman & Donald Trump). Also, many successful business owners, like Walt Disney, filed for bankruptcy and then went on to make a huge contribution to the country and to the economy of the United States.
So what is bankruptcy and what happens in a bankruptcy case? Bankruptcy is a legal proceeding that provides debt relief for individuals who can no longer pay all of their debts to need to reorganize their debts.
If you are considering bankruptcy, this video from the U.S. Bankruptcy Court will give you some excellent basic information about the process and the relief it offers.
The best way to find out if bankruptcy can help you and how your specific situation would play out in a bankruptcy case is to consult with and hire a BK Attorney Sacramento who is experienced in handling bankruptcy cases in Sacramento, California.
Most of us can usually tell within about five or ten minutes of talking with someone whether they know what they are talking about. We can also tell within about five or ten minutes whether we feel comfortable with that person and whether they have a good heart and are compassionate toward others.
Apply this same standard when you meet with a BK Attorney Sacramento and you will hire the right lawyer to advise you in your Sacramento bankruptcy case. Knowledge and trust are the biggest factors to consider.
Beyond that, when you meet with a Sacramento Bankruptcy Attorney, the conversation should always begin with determining whether bankruptcy can even help you in your current situation, what type of bankruptcy case you should file and whether you qualify for bankruptcy relief.
When does someone need a lawyer for a bankruptcy case? While individuals have a right to represent themselves in court, bankruptcy is a complicated area of the law that involves many considerations including whether to even file, what chapter to file under and what exemptions to claim to keep your assets.
This video from the U.S. Bankruptcy Court explains that while you could file for bankruptcy without a Sacramento Bankruptcy Attorney, you would probably not be wise to do so.
So do not make the mistake of thinking that you can file bankruptcy without the help of a good and experienced Sacramento Bankruptcy Attorney looks “basic” to many but the truth is that is a highly technical and complicated area of the law.
It costs more to fix a bad and wrongly prepared bankruptcy case than it does to hire the right Sacramento Bankruptcy Attorney to prepare the case the right way and represent you throughout the process.
Pure and simple, hire the best BK Attorney Sacramento and you will not have to worry about things going wrong. The old expression “Well Begun is Half Done” could not be more true in a Sacramento bankruptcy case.
Not hiring a good Sacramento Bankruptcy Attorney would likely mean complications and potential disaster and you have already been through enough stress by the time you make the decision to file for bankruptcy.
For more information on how much it costs to file for bankruptcy in Sacramento, California, click the link below for our detailed blog article on this subject. It discusses the range of typical attorney’s fees for both Chapter 7 bankruptcy and Chapter 13 bankruptcy. Remember that in addition to attorney’s fees, there are always court filing fees, credit counseling costs and credit report costs.
Despite the best efforts of big banks and their lobbyists, the United States Bankruptcy law is alive and well in Sacramento, California and a good Sacramento Bankruptcy Attorney can help you get debt free and solve your debt problems. The bankruptcy law can help residents of Sacramento who are overwhelmed by debt, facing foreclosure on their home or other financial issues and hardships.
With the help of a seasoned FLACMA Sacramento Bankruptcy Attorney to guide you through the process, it may be the best thing you ever do that you probably never wanted to do.
The best BK Attorney Sacramento will tell you that the Fresh Start offered by the bankruptcy law may help you move past bad events in your life so that you can live your life in relative peace financial freedom and be a contributing member of the Sacramento, California community.
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