Get Help From A Bankruptcy Attorney in Grand Forks, ND
Making ends meet isn’t as easy as it should be. Many people, including business owners, try their best to balance everything out but, sometimes, there’s not enough money to go around. The average American household is more than two-thousand dollars in debt. The average small business owner has more than ten-thousand dollars in debt. That amount may seem manageable, but there are some instances where even that small amount could be impossible to manage. There’s no telling when a business might have to close or an individual might lose their job. If this happens, it might become impossible to handle those debts. There are several options to help debtors and even free resources that can help get them started on the road to recovery.
If debt consolidation and credit counseling aren’t enough, it might be time to consider filing for bankruptcy. It’s important to make every attempt possible before deciding to file, so bankruptcy should only be used as a last resort. The first step in the filing process is to check for eligibility. Debtors can contact a bankruptcy attorney in Grand Forks ND to take the means test. This test can be taken by the individual without help, but the results might not be as accurate as possible. After eligibility is determined, there are several steps to take in order to file as quickly as possible. It’s important to move quickly in order to prevent legal action from creditors that could seriously hinder the recovery process.
Debtors can contact service providers such as Contact Kraus-Parr Law PLLC for help filing the appropriate paperwork. Before any paperwork is filed the debtor will need to take a course and present the certificate of completion in the initial paperwork. The filing processes will vary depending on what chapter of bankruptcy is filed. With help from a Bankruptcy Attorney in Grand Forks ND, debtors will understand exactly what needs to be done in order to successfully file. If even a single detail is missed, the case could be denied or delayed, giving creditors the ability to make a claim in court and prevent the debtor from successfully recovering from their predicament.