Do you live in Rhode Island? Has the Rhode Island recession and economic depression that is spreading across our nation left you in financial turmoil and despair? Many people don't realize that answers to their financial troubles are available. In times like these many people are so overwhelmed by rising mortgage payments, credit card bills and auto loans that they don't realize that what they may need is information from a Rhode Island Bankruptcy Lawyer.
Bankruptcy, whether it be in Rhode Island or another state has typical psychological stigmas attached to it. For instance, some people believe that if they file for bankruptcy in Rhode Island that they will be considered permanent deadbeats to every creditor on the planet. Other Rhode Islanders may believe that the moment they file for bankruptcy that their credit will be destroyed for the next 7 to 10 years and that they won’t be able to survive because of it.
A Rhode Island Bankruptcy does have certain practical and adverse aspects that a good Rhode Island Bankruptcy Lawyer will advise you about. However, there are also other considerations that a Rhode Island lawyer who is knowledgeable in the area of bankruptcy filings is likely to call to your attention that may be beneficial to you both in the short term and in the long-term.
Filing for bankruptcy may affect your family's security and even your future financial success but it is not always for the worse. When coupled with a Rhode Island divorce proceeding, a bankruptcy may actually be helpful but I’ll address that type of situation in another article.
So what should you expect from a bankruptcy lawyer that you are considering hiring?
A good Rhode Island bankruptcy lawyer will apprise you of the types of bankruptcy, the process for each type of bankruptcy that could apply to you and perform an analysis of the type or types of bankruptcy filing that might suit you best depending upon whether you are a Rhode Island individual, married couple, divorcing couple or a Rhode Island business.
If you are able to provide the bankruptcy lawyer with a sufficient amount of information, he or she will also be able to explain to you the benefits of one type of bankruptcy filing as opposed to another, including the short-term and long-term affects of a bankruptcy filing or the issuance of a final discharge by the United States Bankruptcy Court for the District of Rhode Island.
Seeking the assistance and counsel of a Rhode Island Bankruptcy lawyer is both a smart and responsible decision for any individual, family or business in the midst of financial crisis, including times when a Rhode Island divorce is contemplated or pending, provided you also speak with your Rhode Island divorce lawyer.
Should you need assistance with a Rhode Island Bankruptcy during, prior to, or in connection with a Rhode Island Divorce , please do not hesitate to contact me at 401-632-6976 for my affordable Coaching Session or I will happily direct you to a fantastic Bankruptcy Attorney in Rhode Island if appropriate.
Authored by: Christopher A. Pearsall, Attorney-at-Law
Copyright 2010 to Present - Christopher A. Pearsall (All Rights Reserved)