Bankruptcy Information Overview

Let a bankruptcy attorney help you gain the peace of mind you deserve.

Total Lawyers can connect you with a bankruptcy lawyer within minutes. Simply call us at 877-421-3761 or complete our free free bankruptcy case evaluation form.

After you are connected with a bankruptcy attorney in your area, he or she can help you understanding your options and guide you through the bankruptcy filing process.

One key aspect of the bankruptcy equation is assessing your financial situation. A bankruptcy attorney will be able to help you separate fact from fiction and get you on the road to financial recovery.

To start a self-assessment of your finances, ask yourself a few questions:

• Am I heavily in debt, with little hope of clearing the debt in the near future?
• Am I experiencing a foreclosure? If not, have creditors threatened to foreclose on my home?
• Is my car or other property in danger of being repossessed? If not, have creditors threatened to take legal action against my property?
• Do I pay my bills late?
• Do I only make the minimum payments on my bills?
• Am I unable to make even minimum payments?
• Have I given up basic necessities just to make ends meet?
• Have I bounced any checks in the last month?
• Are my wages currently, or in danger of, being garnished?
• Have I recently become fully or partly disabled?
• I am going through a divorce that results in an increase of expenses but a decrease in my income?

After you have made an honest assessment of your current financial situation, you may want to consider talking to a bankruptcy lawyer about your options.

Once you decide that you want to file bankruptcy, you will need to figure out if you are eligible for a Chapter 7 filing or a Chapter 13 petition. Your bankruptcy attorney can help determine whether Chapter 7 bankruptcy or Chapter 13 bankruptcy is more suitable for your specific situation. This process will involve a detailed examination of your finances, so be patient.

If you "pass" the means test, you are eligible to file for Chapter 7. If you "fail" the means test, you may be eligible to file a Chapter 13 petition. Your bankruptcy lawyer will give you the final breakdown on this issue after the number crunching has taken place.

Learning about and filing for bankruptcy does not have to be a nightmare because there are bankruptcy attorneys who can help. Total Lawyers is sponsored by a network of bankruptcy attorneys who can answer your bankruptcy questions. Just complete our free bankruptcy case evaluation form or give us a call at 877-421-3761, and we'll connect you with a bankruptcy lawyer in your area within minutes.