Difficult financial times can happen to anyone these days; all it takes is unexpected job loss, serious illness or injury and the associated medical expenses, or heavy credit card debt to push you to the financial brink. When you realize that there is little hope of meeting your financial obligations, that is when you should consult with an experienced bankruptcy attorney. At a free preliminary consultation he will listen to the details of your situation and determine if filing for bankruptcy is the best way for you to achieve long-term financial freedom. If it is, he will decide which type of Fort Worth Bankruptcy will be most appropriate for your specific situation.
There are a couple of items you may be tempted by when you have become overwhelmed by debt; the first is participating in a debt consolidation plan instead of bankruptcy. This may be a viable alternative for some individuals under very specific circumstances, but there are also dangers involved. The interest rates you will deal with may still be extreme; you will be charged for the service; and some of your creditors may choose not to participate in the settlement plan. If your attorney suggests a specific consolidation plan for you, it will be one with which he is familiar and knows to be reputable. The second temptation is the urge to handle the Fort Worth Bankruptcy yourself. In an effort to avoid extra expenses you may consider this option, but because of the complexity of the laws governing bankruptcy, the decision to represent yourself could be much more costly in the final analysis.
There are two types of bankruptcy which an individual can file, and your attorney will decide which to pursue. Whichever type he determines to be best for your case, as soon as it is filed, it will invoke an “automatic stay”, which will prevent your creditors from harassing you. This is meant to provide you and your attorney with adequate time to come up with a plan, put it into place, and work through the entire bankruptcy proceedings. Bankruptcy is a serious legal tool to assist you in dealing with debt, and the Law Firm of David S. Kohm will provide you with diligent and focused representation during all phases of the proceedings. With over 20 years of experience, they will work to achieve a successful outcome for your case.
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