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Filing Bankruptcy – What you should consider

Being an American makes you eligible to file bankruptcy under the US Law if you are under severe financial stress.

The bankruptcy law does not discriminate against you if you are making $25,000 a year or perhaps $25,000,000+ a year, as long as you are facing a serious financial situation. The bankruptcy law does not discriminate based your fundamental First Amendment Rights, or anything associated to just how much you earn, or how much you owe to assorted creditors. If you have a genuine reason to file bankruptcy, just about every bankruptcy court in the United States will allow you the bankruptcy judgment. If you are looking for advice on filing for bankruptcy.

It also does not matter to the bankruptcy court if you have a $1,000 debt, of if you are $1 million in debt. What is needed is for you to prove that you are unable to pay the debt. You will have to substantiate your claim with legally documented bankruptcy documentation. If a petition for bankruptcy is recognized and accepted, anyone can get a bankruptcy discharge. Filing for bankruptcy is nothing to be ashamed about. Many prominent people in our time, the likes of Donald Trump and Mike Tyson had filed for bankruptcy. The only element that affects your bankruptcy condition is your ability to settle your debt or not, and not much how much you can make annually, or just how much debt you have outstanding. You must not worry about what others might think if you need to file for bankruptcy shelter. There is no need to feel embarrassed if you have to declare bankruptcy.If you swallow your pride and declare bankruptcy, you may have a fresh start for a financially stable future. It is much better than living a life full of stress and debts, simply to be able to say that you have never filed for bankruptcy.

Remember anyone can file for bankruptcy as long as it is legitimate and can be seen by the courts as real. If you intend to file for bankruptcy and go on a shopping spree and use your credit card. This will not sit well with the court, and you may find yourself back at square one. Remember you want to file bankruptcy so the court may release all or most of your debts.

The question is not if you meet the requirements for bankruptcy or not but should you file or not. Consider getting some advice bankruptcy attorney who will guide you towards a good decision. Always think long and hard and get some advice before filing for bankruptcy as it is a life changing decision.