Effingham Bankruptcy Lawyer
Bankruptcy Lawyer Effingham, IL
If you are not sure whether it’s time to talk with an Effingham, IL bankruptcy lawyer about your financial situation, know there is only something to gain from having a consultation. At the very least, if you realize that filing for bankruptcy isn’t right for you, you will then have the information needed to take another route. If your earnings do not allow you to pay off your debts in a feasible manner in the foreseeable near future, then it’s wise to consider bankruptcy. Before moving ahead with a bankruptcy filing though, it is imperative that you first speak with a lawyer. At Pioletti Pioletti & Nichols, we have assisted many people that also have gone through serious financial hardship. We are here to help you, not judge. So don’t hesitate to give us a call today.
Potential Benefits
There are numerous benefits that you can experience by filing for bankruptcy. Many debtors find that their debts are mostly or entirely eradicated, or they can at least partake in a repayment plan based on their earnings. A consultation does not mean you must move on to filing, but you will get a better idea of if it is going to benefit you now and in the long run. As your Effingham bankruptcy lawyer can explain in detail, there are differences between the six bankruptcy chapters. Some chapters are designed for individuals, businesses, municipalities, outside country debts, family fisherman, or farmers. When meeting with a lawyer, be transparent about your debts, current earnings, and other troubles so they can advise you properly.
What Not To Do
Stressing over debts can be stressful, and you may be at the point where you want relief quickly. But it’s important that you do not make rash choices as you consider filing for bankruptcy. There are certain things you should be doing, and not doing, when preparing for a bankruptcy filing. By following advice from your lawyer, you can avoid making mistakes that could affect your case. For instance, some people cash in their retirement or hide funds in a friend or relative’s bank account. If you can, wait to pull your retirement until after speaking with a member of our team. You may not have to use your retirement fund and it could actually be protected under bankruptcy. Placing your earnings into someone else’s account and trying to hide it from outside parties could exacerbate your situation. If you file for bankruptcy but there is evidence of untruths or hiding assets, it could cause a denial.
Get Advice Today
At Pioletti Pioletti & Nichols, we know that financial challenges can seem to take over your life and mental health. There are tools that can reduce the stress you are experiencing while putting you on a path towards a more secure future. If you would like advice as to whether bankruptcy is right for you and how to move onto the next step, contact an Effingham bankruptcy lawyer as soon as you can. Once we know more about your predicament, we can counsel you further.
