Recommended Reading Material before Filing for Bankruptcy

samtheguestblogger By samtheguestblogger, 12th Dec 2013 | Follow this author | RSS Feed | Short URL http://nut.bz/3285mun3/
Posted in Wikinut>Money>Tax

The decision to file bankruptcy is not something many people take lightly, yet it seems that a lot of individuals actually know very little about the process. Before making any move, it is important to do some personal research.

Bankruptcy

And while the Internet contains a wealth of information, not everything you see is true. Here are a few reputable resources to get you started as you research bankruptcy:

1. Pamphlets from attorneys’ offices. If you are even remotely thinking about bankruptcy, contact tax attorneys in San Diego or your local area. Ask for literature on explanation of cost, legal ramifications, and how court dates may or may not apply to your case. Many offices have pamphlets or contracts that can be reviewed ahead of time to help in your research.

2. Blogs. There are some very informative bankruptcy blogs. The information on these blogs could include anything from tips to get started to reasons to run away. A lot of them share first-hand experiences and reviews of the process. Reading a blog can be much like talking to a good friend, as the tone is more personal and the information not as stifling.

3. Books. Your attorney may recommend books, or you can ask friends and family members who have been through the process for their recommendations. Published books will typically go into much further detail than website articles. Highlight and take notes like you are studying for a final exam. Make sure these things are addressed and explained before committing to any part of the bankruptcy process.

4. Finance magazines. If you do decide to file, you’ll need to do damage control. If you need help learning how to budget better, stay out of debt, save money in a recession, live on one income, or just plain avoid bankruptcy in the future, you can find quick tips in finance magazines. Study these articles upfront before filing so when you complete the process you can get to the new you right away.

Bankruptcy was designed for a reason. A study found that 46 percent of all bankruptcies happen because of outstanding medical expenses. There are cases when people truly need it to get a hold of their finances again. Whatever your reason, it is not something that should cause you shame. Before filing, it is important that all resources be put to maximum use to avoid it, overcome the shortcomings, or understand the consequences of bankruptcy.

What other sources for information would you recommend?

Tags

Bankruptcy, Taxes

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author avatar samtheguestblogger
Sam is an avid blogger that loves to share information with his readers that will apply to their daily lives.

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