Not everyone who has debt needs to file bankruptcy states New Lenox bankruptcy lawyer. I will not take a case if I don’t feel it’s in the best interest of the individual. So if someone is solely on Social Security, I will let them know that they are basically collectionproof. However, that person still may wish to file a bankruptcy in order to stop the phone calls, the potential lawsuits, and the bill collector harassment, but at least that person is making a knowing decision that they’re filing a Chapter 7 bankruptcy to stop the harassment and stop the debt collection, even though there would be absolutely no enforcement of a judgment should one arise.
Once again, the decision to file for Chapter 7 bankruptcy relief or Chapter 13 bankruptcy relief is a personal decision that can only be made by the individual and/or the individual’s spouse together if it’s a joint filing.
The Chapter 7 bankruptcy attorney is a great source of information. The bankruptcy attorney is a great source of information with regard to what typical clients do in similar situations. However, each case is different. Your case is going to be somewhat different from the next person. You might both have credit card debt; you might both have medical bills; you might both be in foreclosure. However, your income and your expenses are different, your job and your job history are different, your family situation is different, and your willingness to dig out of debt on your own is going to be substantially different. So when considering whether to file bankruptcy, look at the totality of your circumstances and ask yourself, “Am I able to get out of this debt reasonably within six months’ time, or am I going to be stuck in debt for the entire six months and beyond?” If the answer is you’re going to be stuck in debt beyond the six months, then I would strongly recommend that you consider a Chapter 7 bankruptcy claim to eliminate your debt.
Whenever you are ready to take the necessary step to hiring an attorney, make sure that you do your due diligence. Make sure that the attorney is really capable of handling a bankruptcy case. Beware of attorneys that claim to handle bankruptcy when really they are just looking for a client. You will know right away when you meet the attorney if he is the right attorney. You just have to ask the right questions. For example, make sure that the attorney explains all of your bankruptcy options, not just the option that he suggests. He may be sending you in the wrong direction. If that is the case, then you need to seek alternative counsel.