Bankruptcy Isn’t a Quick Fix
While bankruptcy might solve some of your immediate financial concerns, it doesn’t happen overnight nor does it last forever. You will still need to learn how to manage your money.
Bankruptcy Makes Your Money Trouble Public
A bankruptcy filing requires that public notice be given to any creditors, so your name and information will be made public. This usually happens through a newspaper listing, informing those who wish to collect on a debt where to go for the court proceedings.
Bankruptcy Processes Are Complicated
There are several types of bankruptcy that can be filed, and each has its own set of paperwork and forms. The best way to make sure your paperwork is accurate and fully completed is through the help of a Thousand oaks bankruptcy attorney.
Bankruptcy Filings Cost Money
It will take some money to file for bankruptcy and to hire an attorney. The costs could range anywhere from a few hundred dollars to several thousand.
These areas could be a small price to pay for debt relief. Consult with legal advice on your options for moving forward.