What Is It Like To Declare Bankruptcy?

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Filing for bankruptcy can be a scary thing, but when the debt keeps mounting and you can’t see a way out, it may be your best option. Taking fear out of the equation makes the process much easier. Most fear comes from the unknown. What will bankruptcy mean for your life, your reputation and your time? Discovering the basics of the bankruptcy process will help put your mind at ease. It will also help you decide if filing for bankruptcy is the right option for you. So we ask:

What Is It Like To Declare Bankruptcy?

  1. It is not nearly as bad or scary as most people think. And if it’s the right option for you, it can actually eliminate a lot of stress and anxiety from your life.
  2. It doesn’t require that much for your time. You will usually have 3 to 4 appointments with a lawyer and one appearance in court.
  3. It won’t be publicized. A declaration of bankruptcy is not posted online or in the newspapers, so only people that you tell will know that you filled for bankruptcy.
  4. It will be over relatively quickly. In a chapter 7 bankruptcy, the process usually takes 6 to 8 months, but your involvement usually ends after 3 months and the rest of that time is just a waiting period.

To ensure that your bankruptcy goes as smoothly and quickly as possible, we strongly recommend working with a bankruptcy attorney. They will guide you through the process and help you understand everything along the way. An experienced law office will also help you plot a course for your financial future, one that will ensure your financial success.

If you are in the West Michigan area and have questions about bankruptcy, we at Mapes Law Offices are available to help. An honest, expert discussion with our attorneys will help you decide upon the best course of action. And our focus is not just on the short-term. We examine your financial status and recommend actions to help get you on stable financial ground for the long-term. We understand that life happens and our mission is to help good people through bad times. Our kind and understanding staff can help you onto the road toward financial freedom. To get the help you need, call us at (616) 719-3847 or schedule a free consultation appointment today.