There will come a point for many consumers when they will have to take a good and hard look at their finances, and then they will decide that they have to throw in the towel, and file for bankruptcy of some sort. There are several chapters of bankruptcy that a consumer can file for, but they all mean one thing; the consumer is in over their heads with debt, and the only way that they can get out from the mountain of debt, is to have their debts legally discharged. This means that the consumer will have to go before the courts to get their debt legally discharged. While some people might choose to represent themselves in the courts, it's to their advantage to hire a bankruptcy attorney to handle this huge financial step.
The bankruptcy attorney will be able to advice their client or clients as to the best chapter of bankruptcy to file. The process will be quite simple for the client, at least administratively. All they need to do, is to visit their chosen bankruptcy attorney. This attorney will then conduct what is known as a means test for the client. A means test is a barometer of sorts, which tells how much the client is able to pay on their debts, if at all. It will also reveal the annual earnings of the client. The attorney needs to know this, because then they will be able to steer their client or the clients in the right direction.
After a clear picture of the client's finances is assessed, the bankruptcy attorney will prescribe the correct type of bankruptcy, and then they will proceed to file the proper paperwork in court, on the behalf of the client. The client will either receive a total discharge of their debt, or they will be administered a re-payment schedule, depending upon the chapter of bankruptcy that was filed and ordered. Going through a bankruptcy is a very trying time, and many people will feel emotionally and mentally spent. Beyond this, they won't be privy to their legal rights when it comes to bankruptcy. The bankruptcy attorney will be privy to all of the information that the client needs to make a new start for themselves.
The bankruptcy attorney can not only help the client file the paperwork for bankruptcy, but this attorney can also assist their clients with their foreclosure proceedings. In many cases of personal financial ruin, when the client can't pay their personal debts, they won't be able to pay for their mortgage as well. In this case, the client will need to be made aware of the rights that they have to save their home. Debt and mortgage collectors will do their best to take advantage of the client, but the bankruptcy attorney can stop this from taking place.
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