Millions of people around the country are drowning in debt. The feeling one gets from being in debt that has gotten out of control is one of powerlessness and despair. Bill collectors begin to call, and yellow late payment notices begin to arrive in the mail. It’s a desperate situation, but there are ways out of it. One such way could be to find a bankruptcy lawyer and eliminate that debt. Yes, doing so can leave a black mark on your credit history, but so can not paying off the debt in the first place. It may be past the point of preserving that credit score, anyway. You might as well have the burden of the debt off your mind. Finding the right bankruptcy lawyer should be your first priority if you’ve reached this situation. They can advise you on the best course of action and how to best implement your plan.
When looking for a bankruptcy lawyer, you should be careful. Because debt is so ubiquitous in the United States, an entire cottage industry has sprung up, waiting to take advantage of those who don’t know any better. These debt relief agencies range in value. Some of them can be quite helpful and can make a good first stopping point if you want to avoid filing. Some of them are worthless and will simply take you for more money that you can’t really afford to spend right now.
The phone book is a good place to start. Make sure you look for attorneys and don’t get misled by middleman services that charge you a fee simply so they can refer you to someone else. If you already have an attorney, ask them to make you a referral. Some people recommend looking to friends and others for referrals, but many prefer to keep a situation like going broke private.
Many good attorneys will either meet with you or talk to you on the phone for a free initial consultation. They can determine at that time whether or not they can take you on as a client and whether filing is in your best interests. You can take this time to make your own judgments. See if you feel comfortable with the attorney and whether or not you could see this forming a lasting partnership. If everything goes smoothly, hire them on and let them advise you on what course to take.