Now that you realized you're having troubles with your finances and the only solution is filing for bankruptcy, you need to carry out necessary measures. These will protect you from your potentially abusive creditors and further financial woes.
Before you do file for bankruptcy, there are things you need to remind yourself. The process can be hard work, especially that some areas may even require some money. Nevertheless, the end result should keep you from sustaining more problems.
Here are some of the most important things you have to take note of:
Find a reliable lawyer
The law can provide you with some protection, and you will need someone who understands it better than you do. You will need to have a chapter 13 bankruptcy attorney in Utah. This may need you to shell out some service fee, but dealing with bankruptcy can be more bearable if you have someone who will help you, especially someone who is well-versed in legalese.
Do not implicate yourself further
You are already standing on a quicksand, so don’t move any further. This means you should stop borrowing money or lending some. Stop incurring debts by keeping yourself from using credit cards. If you can help it, do not attempt to pay off debts by borrowing from another creditor. Your problem will only get worse.
Adjust your lifestyle
Your life is bound to change. You will need to make some adjustments to your lifestyle, so live simple. Stop living lavishly. If you have to sell some of your things to raise funds for debt payment, you can do so. Avoid buying things you don't need.
Filing a bankruptcy case can be tedious and lengthy, but if you have someone to help you, things will become much more emotionally and financially bearable. Keep these things in mind and be careful when making financial dealings.