When you realize that you can no longer pay the bills that you have and the debt that you have outweighs your income, you might want to consider filing for bankruptcy. You can usually file on your own, but it’s often better to find a bankruptcy lawyer in Pittsburgh who understands the various chapters and who can fight for you to keep your home and vehicles throughout the bankruptcy process. When the proper documents have been filed, then you will usually make a payment each month to the attorney who will then make a payment to those who need the funds. Many agencies will write off your debts if you file for bankruptcy, which means that you won’t need to pay the bills in the future.
After filing for bankruptcy, you need to keep in mind that you usually won’t be able to buy a car or a home or apply for a loan for about seven years. Your attorney will discuss these restrictions before you make a final decision about whether you want to file for bankruptcy or whether you want to try to work with creditors to come up with a solution to pay the bills that you have.
The attorney you work with should be competent in this area of the law. You will talk about the facts pertaining to your case and how you should proceed in filing for bankruptcy, such as whether you should file for Chapter 7 or Chapter 13 depending on how much money you owe and who is asking for money. The advice that you receive should be based on legal expertise instead of only on opinions. Once you settle on the type of bankruptcy that you want to file for, your attorney will prepare all of the paperwork and file it with the court.