Bankruptcy

The term “bankruptcy” elicits shame to some, but that is because most people do not understand the necessity of this legal tool. In truth, bankruptcy can serve as a valuable process to free yourself from debt, gain relief from creditors, and secure a fresh financial start. At Mercer Law, we look forward to helping you in your bankruptcy procedure so you can rest easy and reclaim your finances.

What is Bankruptcy?

Bankruptcy is the legal process used to give a debtor relief from their debts while allowing creditors to gain some repayment. Bankruptcy doesn’t always mean that debts disappear; in many cases, a bankruptcy court can offer alternatives to restructure and repay debt under legal protection. This proceeding is handled in federal court, and there are several types of bankruptcies one can file depending on the particulars of a financial situation.

Do I Need an Attorney to File for Bankruptcy?

Although you have the option to file for bankruptcy on your own, having an attorney on your side substantially increases your chances of achieving a positive result. This is because bankruptcy is a complex legal process that requires careful document examination and a profound understanding of the law. An experienced attorney can help you ensure the best possible outcome for your proceedings while avoiding errors in your filing.

Common Reasons for Considering Bankruptcy

• Your home is in danger of foreclosure
• Divorce filing
• Substantial credit card debt
• Loss of employment
• Unforeseen emergencies that endanger your finances

Are You Looking for Legal Assistance in Your Bankruptcy Filing?

The experienced team at Mercer Law is here to help. Our goal is to help you find financial relief so you can start moving towards a brighter future. Give us a call today to schedule a consultation!