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Applying for bankruptcy is often a wise decision to save you from financial misery. While you have already accumulated large debts that are not easy to clear, you still need to live. You have to meet your current bills and other expenses. Credit card debt and mortgage, motor car financing are some of the common debts that send one to the debt spiral. Once you land to such a situation, the wisest thing is to call for help. Perhaps, the bankruptcy lawyer is the person who will come to your help. While the lenders are interested in your salary and assets, the sacramento bankruptcy attorney is interested in helping you stay aloof. 

While you can apply for bankruptcy by self, there are things that you risk when you do so. You risk having the trustee company selling your assets without your permission. You also risk being denied the discharge or have the bankruptcy thrown out since you miss to meet some deadlines. These are some of the things you would save yourself by having a bankruptcy attorney in sacramento your side. You also have experience on application of bankruptcy on your side. This means that you have a high chance of succeeding than when you go it alone. The risk associated with failing to discharge is great. Your personal assets will be auctioned and your salary will be garnished. If you don't want to risk these things happening to you, consider having an attorney. 

Sometimes, the credit card company can serve you with a wage garnishment order. If you have been served with a wage garnishment order, your employer should start withholding some amount of money from each paycheck in future and channel the payment to the company that issued the garnishment order. This should be done until the debt is cleared. The garnishment is equal top 25% of your net salary. Filing a bankruptcy is the only way to stop the garnishment from taking effect. Once you file bankruptcy, your wages cannot be garnished.  The bankruptcy lawyer will help you file the bankruptcy the same day you receive the garnishment order and it will never take place. 

 

When you realize that your debt is large and you cannot clear it soon using your income, don't fight to stay current. You can save a lot by filling for bankruptcy. Once the bankruptcy is over, you can have your credit score improve at a higher rate than when you would have fought hard to remain current.