Why have I accumulated this much debt?  This is a question many people find themselves asking before the bottom falls out on their financial lives.  Most of the time the answer to why debt has been accumulated is I don’t know why.  It may have taken a bit of time before things began to become overwhelming and bills started to pile up without an end in sight.  Although maybe it is because a lay off recently took away your income.  The reason does not really matter at the point when you can’t make the payments and start to think about options for you financial future.

This is when many people start to explore debt relief options.  Options such as bankruptcy, debit consolidation, cleaning out 401ks and other financial investments are all valid however should be talked over with someone who can be trusted to give you wise financial advice and solutions.  The person you will most likely find yourself turning to is a bankruptcy attorney. The last thing you need at a time such as this is the stress of weeding attorneys out.  There are a few qualities to look for to find a trusted attorney to help you with your financial crisis.

Good bankruptcy attorneys should offer a free consultation to individuals seeking help especially with financial matters.  The last thing many people need to worry about at a time like this is the payment for meeting with an attorney.  When you are struggling with personal finances it is understandable that there is not room for extras before you meet with someone to consider options.

Another trait that is important when seeking out a law firm to help you through your financial struggle is finding an attorney who has experience and has been able to help previous clients.  Although a high success rate is not everything it does ease a bit of the stress to know you aren’t the first one and you won’t be the last.  As far as the length of time the attorney has been practicing look for over five years of experience in bankruptcy and financial cases.

Details are incredibly important when filing for bankruptcy.  An attorney specializing in bankruptcy should be known for meticulousness.  An attorney with a knack for details is well suited for bankruptcy cases.  There are many little details that need to be covered when calculating debt, income and determining means to pay or not pay.

It is important when dealing with a bankruptcy attorney that they are very empathetic and their demeanor is one that is helpful.  Even though they may have filed five thousand bankruptcies this is a first for the client.  They should be able to create a level of professionalism that lends to both their ability to be a hard-nosed attorney, looking out for the interests of his clients while representing them and a sympathetic ear for the stress level their clients are experiencing.

Financial issues are stressful on many levels.  Bankruptcy can take a toll on not only your finances but also your emotions. Once the bankruptcy process is free there is a good chance your debit will be wiped clean leaving you with few liabilities and limited assets.  It is a fresh start to begin controlling your financial life.  It will take effort and patience to determine a set financial plan.  Often times hiring a consultant is helpful to really create a meaningful budget and sticking to it to avoid debt issues in the future.