Bergen County Bankruptcy Attorney
Should I File For Bankruptcy?
Millions of people find themselves in terrible financial situations. Though some can recover, others are not so fortunate and need the help of the government’s intervention to rebound. Bankruptcy is a mechanism that helps people in dire financial situations recover from overwhelming debt and bills, wiping the slate clean and providing them the means to, one day, build good credit once again. It is an important thing to consider and having the right legal support can mean a world of difference. If you need legal support through the process, contact The Radol Law Firm for a consultation.
Filing bankruptcy is a major step. It is important for you to keep in mind that, if you file, the bankruptcy will show on your credit report from between 7-10 years. This can hinder your ability to obtain credit and/or qualify for rental housing in some cases. However, you may not have a viable alternative. To determine whether bankruptcy is for you, it is a good idea to discuss your situation with a lawyer. More
Once you decide to file bankruptcy you need to evaluate the different types, and whether you qualify. Keep in mind that sometimes creditors ask the court to declare you bankrupt. It is generally less expensive and better for you to file of your own volition. The two most common types of consumer bankruptcy are Chapter 7 and Chapter 13. More
If you are wondering about the timing of filing for bankruptcy, our Englewood bankruptcy attorney can offer specific tips for you. Bankruptcy offers individuals the advantage of a fresh start and debt elimination if they are struggling financially, but it is not without its drawbacks. Your unique financial situation will determine if and when you should file. More
Contact an Englewood NJ Bankruptcy Lawyer
Before you file bankruptcy, it is very important that you understand the road ahead. Bankruptcy is a big step that can affect you for years. That being said, it can also ease a financial load that has become too large to handle. The Radol Law Firm has over 30 years of experience helping clients through tough times. If you need quality legal support, contact The Radol Law Firm for a consultation.