After writing on the subject for almost a year now and although I have never personally filed for bankruptcy protection, I think I have some feel for what you might can expect from filing for bankruptcy. I base my assumptions on the thousands of articles, laws, and personal bankruptcy stories I have researched this past year.
First of all, if you are not familiar with bankruptcy laws, you are probably going to be overwhelmed by the complexity of the laws, the process, and how it all applies to your particular situation. Every bankruptcy is unique and everyone’s situation is a little different. Because you are bankrupt, you will realize you will most likely think you do not have enough money to afford a legal education on your circumstances, including the representation by a bankruptcy attorney. If you are the independent type, your tendency is going to be to try to educate yourself about bankruptcy, maybe over the internet, and you may even try to file Pro Se, without legal representation. It can be done, but not by the majority, and not without a lot of grief. It might be wise for most of you to learn a little about bankruptcy and how you can take advantage of not paying your bills in order to save for an attorney. Experienced bankruptcy lawyers can be a real asset because they can help you find legal answers to your particular situation. Whichever way you decide to file, you will learn the complexities of bankruptcy.
Secondly, expect to become educated through the experience, learning that bankruptcy is not always as represented in society. Ever since the days of debtor prisons in the Old World, societies, including ours, have looked down on debtors who cannot pay their bills. A stigma has been attached to those as being deadbeats, associated with cheaters and criminals. What you will learn in your educational journey through the bankruptcy process is that nothing can be further from the truth. Most debtors who are forced to file for bankruptcy protection are honest and hard working people just like yourself. Our bankruptcy laws were made for you and me. Some of our Founding Fathers were former debtors who served in debtors prisons, and they saw to it that bankruptcy laws were established in the Constitution of the United States, for the protection of debtors as well as creditors. It is your Constitutional right to file for bankruptcy protection. Filing for bankruptcy is a legal proceeding that is designed to protect both creditor and debtor and to allow the honest person or business to work their way out of a bad financial situation, or in some cases, to completely start fresh.
Lastly, you can expect to experience a multitude of emotions before the process is completed. Your patience will be challenged, your financial life scrutinized, you personal life questioned, and who you think you really are through the ownership of your assets will be placed under a microscope by complete strangers, exposing who you really are. You might cry, laugh, become frustrated, leap for joy, but whatever you feel, you will feel all of life’s stresses through emotional defeats and life’s successes through the thrill of victory. You might even expect to learn and grow from these experiences. Will it make you a better person for the experience? Who knows, but it should make you a stronger person for surviving the experience. And yes, you can expect to survive, maybe even start over. So, you might expect exhilaration in the end.
For those of you who are considering filing for bankruptcy, I say good luck! Check out the bankruptcy forums on the internet and get on line with fellow bankruptcy filers. They will share their stories and knowledge with you and support you through the process. Bankruptcy is going to be hard enough for you without having to do it alone.
Bankruptcy laws can be complicated, and common sense indicates you will probably need a bankruptcy lawyer in order to properly understand how these complex laws may apply in your situation. If you determine you are in need of relief from the stress associated with debt and you live in or around the metropolitan area of San Antonio, Texas, contact us today at www.betterbankruptcy.com . We will help you find a bankruptcy attorney in your area that will help you with any questions you may have on bankruptcy law.
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