Filing bankruptcy is your chance to erase most of your debt and start over fresh. Unfortunately, it is a pretty common misconception that filing bankruptcy is going to erase all of your debt. While hiring a Bankruptcy Attorney Aurora and filing can be a great way to get yourself out of a pile of debt, there are limitations to bankruptcy. Naturally, it is important for you to know the limitations to make sure that filing bankruptcy is actually going to benefit you.

When you file bankruptcy it is going to help you wipe out any and all credit card debts. This is unless you happened to acquire a secured credit card at any point in time. It will also help you clear any other unsecured debt. Unsecured debt is just debt that you did not have to come up with some kind of collateral in order to acquire. Hiring a Bankruptcy Attorney Aurora and filing bankruptcy can be very beneficial to someone who has several credit cards maxed out on their credit history.

Immediately after you file bankruptcy you are going to be placed in what is known as an automatic stay. This is a court order that will be issued to anyone you owe unsecured debt to. This court order is going to tell them that you are currently pending a trial in bankruptcy court and that they need to leave you alone. During the automatic stay they are not allowed to contact you and they are not allowed to try to collect any money from you. Creditors can get in serious trouble for violating this rule.

The biggest reason why you need to get an attorney from a law firm such as Ledford & Wu is because filing bankruptcy is extremely complicated. The first thing you have to figure out is whether you are filing Chapter 7 or Chapter 13. For some people they have no idea how to answer that question because they did not even know there was more than one different kind of bankruptcy that they would have to consider. Fortunately, a bankruptcy attorney would know that and would be able to help you with it.