Bankruptcy is a term, which you must be aware of! It is basically a series of federal laws and regulations, which are enacted to permit individuals to be relieved from all their debts and start over with an absolutely clean slate. Laws regarding bankruptcy keep on changing and this is the reason why you need to be very careful while filing for bankruptcy. There are many people who can’t really afford to go through the entire legal process of filing bankruptcy. This is why they can go for a legal aid, which can help them do so without spending too much money. Before you file your bankruptcy, you need to carefully understand the positives and the negatives of this process.
Filing for bankruptcy is not simple; and to make the process simpler for you, you need to seek some professional guidance at every step. Without proper legal aid and help, you can never get success here. This is why it is preferred that you strategize each step carefully and keep your options in mind before making a final decision. Choosing to go for bankruptcy at the right time is also very important. So, take an informed decision after considering and weighing all your options.
Even though several individuals who file for bankruptcy are mostly strapped for cash, different organizations offer services just to those who are not able to pay for a lawyer. A usual legal aid customer might be an individual who lost all his wealth and assets while being imprisoned and now faces several judgments and liens after his release from the prison. Other customers could be an elderly couple who is struggling with their medical bills due to their illness. In case you are approved, legal aid will assign a lawyer to you for absolutely no cost.
Some of the key steps, which you should follow in order to file bankruptcy through legal aid are given below:
• You should get started by contacting the legal aid office in your area. Charitable institutions as the Urban League, Salvation Army and the United Way can offer you some the contact details of the legal aid offices in the area.
• Once you meet the legal aid representative in person, you need to tell them that you wish to file for bankruptcy. You also need to attend a proper meeting at their office so that you can discuss all the prospects in regard to your bankruptcy filing process.
• Now, you need to apply for the assistance of a bankruptcy lawyer through the aid assigned to you. You have to fill out all the necessary forms and do all the…