Bankruptcy can be a powerful tool for those struggling with debts they cannot repay, but it's a lengthy process which requires a great deal of preparation. According to Greene Law, PC, a bankruptcy attorney serving clients throughout Connecticut, taking the proper steps before filing a petition can make the entire process smoother and ensure you get the debt relief you need.

Before declaring bankruptcy, they recommend:

• Contacting a Bankruptcy Attorney: Even innocent mistakes on bankruptcy forms can cause lengthy delays, or result in your petition being denied entirely. Hiring a bankruptcy attorney can ensure that all of your documentation is submitted accurately, and that as many of your debts as possible are discharged.
• Changing Banks: If you have funds in an account with a financial institution to whom you also owe money, they have the right to freeze your assets if you miss payments. Before filing your bankruptcy petition, it may be a good idea to move those funds to another bank. Your bankruptcy attorney will help identify your options to avoid the appearance of fraud and impropriety.
• Canceling All Automated Payments: As soon as you file for bankruptcy, your creditors are supposed to cease all collections activities, including phone calls and initiating payments. Many will strive to abide by the automatic stay, but automated systems can be slow to catch up. An unanticipated automatic payment can wreak significant damage on your finances, so as a precaution you should cancel them first on your end.

For many years, struggling borrowers throughout the state have relied on Greene Law, PC for help with navigating the difficult process of declaring bankruptcy. This team of attorneys will guide you through every step, ensuring that you get a second chance at your financial life. Visit their website to learn more, or schedule a consultation with a bankruptcy attorney by calling (860) 676-1336 today.