A Bankruptcy Attorney Will Help You Follow the Law

Are you in financial trouble? Are you considering whether or not to declare bankruptcy? If so, don’t believe those people who tell you that bankruptcy is no big deal. The fact of the matter is, bankruptcy is a very serious matter that can affect the rest of your life, or at the very least the next ten years or so. Bankruptcy will make your credit score drop significantly and will show up on your credit report for the next ten years. This means that you will probably find it very difficult to get a home or auto loan. Even if you do somehow get a loan, the interest rate will be very high. These are only some of the consequences that will arise from declaring bankruptcy. What can you do to avoid these consequences? If you live in Hayward, California the best thing to do is contact a bankruptcy attorney in Hayward and have them help you explore all of your options. They can also help you through the process if you do end up needing to declare bankruptcy.

Do You Have Other Options?

You might not think that you have any other options besides bankruptcy, but there are at least a few things you can consider. The first thing to do is answer the phone when your creditors call and explain your situation. Your creditor probably understands that things happen and they might be willing to try and work with you. It might be that they come up with a monthly payment plan that you can afford. They might even be willing to accept a lower amount than what you originally owed. They will probably do this because they know that if you declare bankruptcy they will get nothing, so even a partial payment is better than nothing at all. If this option doesn’t work, you might consider asking a close friend or family member for help. This option doesn’t work for everyone so consider your individual circumstances before you try this option. If these options don’t work, you might not have any other choice but to declare bankruptcy.

Why You Should Hire an Attorney

An attorney knows the law much better than you. They can help you file your bankruptcy correctly and ensure that your creditors stop their demands. They will also work to make sure you are protected against any future ramifications. You can try to declare bankruptcy on your own, but having an attorney will make your life a lot easier.

Bankruptcy Recovery Is Possible

Don’t be afraid that you will never be able to recover from bankruptcy. Your Bankruptcy Attorney in Hayward can help you get back on the right financial path.