The bittereffects of the economic recession may put you in a difficult situation especially if you have bills to pay and are still in debt. Unemployment is a social menace facing an alarming number of people and it might be difficult to settle hospital bills, house mortgages and other necessary bills. A bankruptcy attorney helps you to get out of this sultry situation by eliminating debts that are obviously beyond your ability to repay them. This is especially important as it gives you a fresh start and you gain control of your life. The following are indications you need san diego bankruptcy lawyer;
- Unemployment makes it difficult for you to foot daily bills
- Your taxes and child support payments have skyrocketed
- Taking a loan to pay another loan
- Late on mortgage payments
One of the main benefits of seeking the services of San Diego bankruptcy attorney is that you get to keep your belongings. Most of the people in debt without any legal representation often lose a big portion of their property and assets and this can be an especially frustrating experience. The bankruptcy law is meant to protect your assets from being taken by creditors as well as unnecessary harassment.
Once you file for a bankruptcy case, your creditors are ordered by law to stop collecting any of your assets or valuable personal belongings like jewelry. You will be required to attend a single court hearing on your case during the time 4 months that this case will last. However, you need to remember that even if a San Diego bankruptcy attorney may save you much heartache that comes along with getting deeper into debt, the whole situation could recur if you are not careful on how you manage your finances. You need to take control of your life by demonstrating good judgment in handling debts.