You’ve managed to build up a debt load, but one that’s manageable because your income is steady. Everything seems fine in Waukesha until the moment your careful balance is knocked out of alignment due to a loss in income. No longer can you pay your bills on time, much less all of them, and it looks like nothing is changing for you in the near future, income-wise. It’s time to consider setting up a consultation with a Bankruptcy Attorney Waukesha WI.
It’s best to talk to a bankruptcy attorney about what’s going on with your finances, and why you’re looking to file for insolvency. There is certainly a lot of information to be found on the Internet regarding filing, but you want the advice of a bankruptcy attorney Waukesha, WI, for good reason.
Bankruptcy itself is performed on the federal level, which means that you have to file your petition in the local federal court district. However, there are state laws that do have an effect on your petition, and it’s not always obvious which ones apply, and which ones don’t. A bankruptcy attorney is familiar with the state laws, knows how to use them, and knows how to put them to good use for your filing.
When you decide to move forward and file with an attorney, you’re going to be put through a lot of paperwork. Filing for bankruptcy consists of you voluntarily petitioning the court for relief from our debt. In other words, you’re asking the court to put a permanent injunction on your creditors from ever collecting money from you ever again. In order to get this accomplished, you have to lay out all of your financial information to the court to prove that you need relief.
The bankruptcy petition consists of the request for relief, and is accompanied by schedules that have to be filled out correctly in order for the court to accept it. The language used in the petition packet is of the legal type which is difficult to interpret if you are not trained in it. This is just one of the many reasons why you need a bankruptcy attorney to help you file and get through the process to discharge. Contact one at your earliest convenience for more information.
