Learn How To Stop A Judgement Using The Right Bankruptcy Attorney

Overwhelming debt takes a toll on your finances and your peace of mind. Declaring bankruptcy can help alleviate many of your troubles, but it also creates another set of essential conditions for you to consider. Navigating through bankruptcy on your own can be overwhelming, and you don’t want to make poor choices throughout the process unknowingly. The best plan is to hire a competent bankruptcy attorney who will offer valuable guidance on the best practices for the most stress-free journey through bankruptcy court.

It is important to note that filing for bankruptcy does have far-reaching consequences. While eliminating your debts, you will also damage your credit and have the potential to lose some possessions. A bankruptcy attorney will aid you in having all of the information you need to make strategic choices for your situation. For example, you must get credit counseling before filing and verifying your income. Your lawyer will assist you in completing the necessary forms for the bankruptcy court.

Bankruptcy is often filed as either Chapter 7 and Chapter 13. The type of bankruptcy you file depends upon your income and your assets. A Chapter 7 bankruptcy takes about 12 weeks to complete and remains on your credit report for ten years while filing for Chapter 13 lasts 3-5 years and stays on your credit record for seven years. The thing to remember is that while there are pros and cons to filing for bankruptcy, legal counsel can make the difficult situation much easier to navigate.

Contact a bankruptcy lawyer at Teague & Associates, LLC, to learn more about your options for stopping judgement. Call us today at (314) 899-4499 to request a consultation and learn more about our available services.