The prospect of applying for personal bankruptcy is an absolute nightmare for most Americans. From a young age, we are taught to spend, and be good consumers, but are given little incentive to save our money in case of emergency. While consumption is vital to keeping a capitalist economy afloat, sudden and tragic emergency is all that keeps many Americans from falling into the quicksand of debt.
Family emergencies such as illnesses, automobile accidents, natural disasters, criminal and civil suits can all quickly pull the rug out from under a family and put them into financial insecurity with only a few viable options available in terms of recovering and returning to normalcy. With the state of the economy, tens of thousands of Americans are turning to bankruptcy to prevent defaulting on their loans, and protecting their livelihood and assets through the legal protection of supervised bankruptcy courts.
While many see bankruptcy as a quick, painless process that allows a debtor to avoid the legal repercussions and dodge repossession of their home and automobile, this simply isn’t so. This is an extensive and serious legal procedure that can take anywhere between four months and five years to fully finish, depending on the chapter of bankruptcy you choose to file for, and lots of hard work goes into making a bankruptcy work on all parties. There is are dozens of forms you will need to fill out completely, as well as extensive inventory taking, valuing of assets and accounts, gathering statements from creditors, bankers and accountants alike, and several debt management classes you will need to attend before your bankruptcy can even be filed.
These reasons, and more, are a primary motive for most to turn to a professional personal bankruptcy lawyer, such as John A. Hixson, to offer counsel and defense through the entire process. A bankruptcy lawyer can help protect your rights as an individual filing for personal bankruptcy, make sure creditors uphold their end of the bargain and play fair, make sure your paperwork is completed properly and on time, as well as offer expert legal advice through the entire process, all for a nominal fee.
John A. Hixson will assist you in filling out and completing your bankruptcy application with speed and ease, so that an ‘automatic stay’ can be placed on your assets as soon as possible. This ‘automatic stay’ places what you own, your accounts, debts and otherwise under the protection of a court appointed trustee, during which, your creditors will be unable to legally repossess them, and will usually discontinue their attempts to harass or intimidate you or your loved ones.
So if you’re looking at bankruptcy as an option to clear up your financial debts, then don’t venture into this process alone! Hire John A. Hixson, attorney at law, who boasts over two decades of experience, to help you along each step of the way. It is possible to live free of debt and return to a normal life, but only if you act now, and call John A. Hixson today!