Many Americans these days that are experiencing financial difficulties are looking into ways to get relief from crushing debt. Filing bankruptcy is an option that more and more individuals are utilizing because of the many advantages it offers. First and foremost is the relief from severe debt that the individual is experiencing once they receive their discharge. Another benefit is the automatic stay that offers powerful legal protection from creditors during the bankruptcy proceeding. Filing bankruptcy is an individual’s legal right under the US Constitution, and even with the changes made to the bankruptcy code back in 2005, can be achieved fairly quickly and easily with the help of an experienced bankruptcy attorney.
The 2005 bankruptcy code changes basically ensured that those individuals who could pay back their debt would be forced to do so. These changes effectively helped to weed out those individuals seeking unnecessary relief, including “serial bankruptcy filers”. In understanding how and when to file bankruptcy, the debtor will come to realize that the bankruptcy laws do not preclude most people from filing bankruptcy, but just ensure that they meet the requirements of an individual that is financially distressed and needs immediate relief from their debts. After the decision is made to file, the individual should seek a consultation with an experienced local bankruptcy attorney who can qualify the individual to file and advise the debtor on how best to proceed. Filing bankruptcy is not difficult when the process is clearly explained and laid out precisely for the debtor by their attorney. A good bankruptcy attorney will explain the entire process and walk the debtor through from beginning to end. The debtor should do their part and ensure that all processes are followed, and all court required courses are completed in a timely manner. With the guidance of an experienced professional, the debtor will receive their bankruptcy discharge and be on the road to a brighter financial future.