Bankruptcy can be a challenging time. Not only can it be hard on your finances, but it can also be hard to know where to turn to for advice and assistance. That’s where a bankruptcy advocate comes in. A bankruptcy advocate can help assist you to attempt stop the bankruptcy process from happening, and provide you with support to do this but every case is different and nothing can be guaranteed. Advocates can also advocate on your behalf where creditors and debt collectors are concerned, making them a wise choice to help with your bankruptcy.
Read on below to find out some of the other benefits of a bankruptcy advocate.
Bankruptcy is basically an exchange. You hand over control of your finances, and sometimes your property, to a trustee. In exchange, you have protection from legal action from the creditors that you owe.
You do not have to be in a minimum amount of debt to enter bankruptcy voluntary. For a creditor to attempt to put you into bankruptcy, you need to have at least a $5,000 minimum debt. In some cases, it’s possible for a bankruptcy to provide relief from debt collection.
Be aware though, if you are bankrupted it may affect you getting loans or any type of credit in the future, or at least for a minimum of ten years. Sometimes, bankruptcy can affect the rest of your life. When you apply for credit, the lender may ask you if you have ever been bankrupt and you must disclose to them that you have.
Bankruptcy advocates can help you to negotiate with banks and debt collectors. They can also advocate on your behalf with creditors, and provide support during the bankruptcy process. Advocates ensure that your best interests are looked after from start to finish during the bankruptcy process.
Bankruptcy advocates can provide support during the bankruptcy process. They can help you if you’re being harassed by creditors, or if you need assistance with debts or mortgage issues. Advocates are useful when it comes to helping find you a personalised solution, and to provide support along the way.
Debt can be stressful, and it can be important to have someone in your corner who can advocate on your behalf who has the experience with what to do.
J Daniels & Associates has more than 40 years’ experience and has helped 1,000’s of people successfully.
We advocate on our clients’ behalf with banks and creditors in order to stop home repossession, as well as helping to stop those in bankruptcy situations from being harassed by creditors. You shouldn’t have to live in constant fear and on edge, and that’s where we can help.
We aim to provide support services to those who do not know where to look, or who are confused about where to turn during the bankruptcy process. Our helpful advocates can assist you when you need it the most. We are able to give you confidential help, expert debt guidance and help you to find a personalised solution.
We don’t have any hidden fees, so you won’t have to worry about any nasty surprises. In addition to helping you to improve your financial situation, we can assist you in finding a solution to your mortgage issues. If you’re in need of help and support, give us a call today for your free consultation.
*Disclaimer: This article contains general comments and recommendations only. It is not intended to be and should not be construed as legal advice. This article has been prepared without taking account of your objectives, financial situation or needs. Before taking any action, you should consider the appropriateness of the comments made in the article, having regard to your objectives, financial situation and needs.
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Take advantage of engaging J Daniels & Associates Pty Ltd to help you with your situation and use our expertise to assist. For more information, please call us.