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Chattanooga, TN 37411
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Should I Feel Ashamed of Filing for Bankruptcy?
As experienced bankruptcy attorneys, we are often faced with clients who are concerned about filing bankruptcy. Some common concerns are physical worries about feared, tangible losses like whether or not they’ll lose their car or their house. Others are more emotional worries. The most common emotional worry we see potential bankruptcy filers experience is shame. Yet you should never feel ashamed to do what’s best for you and your family.
The Bankruptcy Process May Not Be as Hard to Face as You Fear:
For most people, bankruptcy is a fairly routine process. The process is not simple – and there are a lot of ways it can go wrong if you don’t lean heavily on an experienced bankruptcy attorney. Still, when handled correctly, most bankruptcy cases proceed without problems. 800,000 Americans filed bankruptcy in 2016. Most of them worked alongside experienced bankruptcy attorneys and did everything they were supposed to do, and had a very dull, routine bankruptcy process for everyone involved.
When is the Bankruptcy Process Not Routine?
There are a few situations that can occur during a bankruptcy that can cause things to get interesting:
- When creditors show up to challenge the bankruptcy filing
- When clients intentionally (or unintentionally) do something that can lead to suspicion of fraud
Both of the above situations can easily be avoided by working with a good bankruptcy attorney.
The easiest way to avoid these situations is to work with an experienced attorney. If you are working with an experienced attorney and you somehow end up in either of these situations, it is incredibly beneficial to have someone beside you that knows how to help.
Many Bankruptcy Filers Never Even See a Judge:
While the possibility for complications exists, most bankruptcy filers never even see a judge. Before filing, many have worst-case scenario visions of themselves personally standing in front of a stranger answering questions and defending or justifying their choices, their lifestyle, their purchases, and their failures. This is not a regular occurrence, and versions of this only happen in cases that get interesting. Most Chapter 7 bankruptcy cases don’t even go before a judge.
If Chapter 7 Proceedings Do Get Interesting:
If you file Chapter 7 bankruptcy and you do end up before a judge, they aren’t going to ask you why you are in debt or judge your past spending sprees as unwise, or ask you why you don’t have more money in savings. If you do end up in front of a bankruptcy court judge, they’ll be requesting that you review a complex issue in the case, or answer simple questions like does the creditor have the grounds to challenge your bankruptcy case? In Chapter 13, it is more likely that a petitioner will see a judge once – when confirming the repayment plan. Still, the judge will not be analyzing your past financial decisions or judging your mental agility; the judge will be deciding if the plan fits in the federal bankruptcy guidelines.
If you need to file bankruptcy , and you are postponing getting in touch because you are ashamed of your financial situation, please don’t hesitate any longer. Most bankruptcy offices in the Chattanooga area don’t have a single Consumer Bankruptcy Specialist on staff. Our office is the only one in Chattanooga with two. You are in good hands with Kenneth C. Rannick P.C.
The post Should I Feel Ashamed of Filing for Bankruptcy? appeared first on Kenneth C. Rannick, P.C..
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*$0 down to get your Chapter 7 case started applies to clients who choose to file a Chapter 7 bankruptcy with the U.S. Bankruptcy Court through Kenneth C. Rannick, P.C. We will open a Chapter 7 file for a client with as little as $0 down, however, our office will not file a client's Chapter 7 without an affordable down payment on attorney fees.
*$0 down to get your Chapter 13 case started applies to clients who choose to file a Chapter 13 bankruptcy with the U.S. Bankruptcy Court through Kenneth C. Rannick, P.C. Our law office will file a Chapter 13 without requiring any costs or attorney fees paid upfront for qualified clients who 1) have not had a prior chapter 13 dismissed within the past year, and 2) are not trying to stop a foreclosure within 20 days of filling bankruptcy.We are a debt relief agency.
We help people file for bankruptcy relief under the Bankruptcy Code.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.