When you are planning to declare your bankruptcy, it is not so easy task to file it, but most of the people will declare when they are in poor financial status. For declaring your bankruptcy case, you need a specialized bankruptcy lawyer for filing your case. In finding a correct lawyer for your case you should not make any excuses. Make sure you have done a plenty of research before you finalizing your lawyer. Ask the lawyer that how many cases they had attended and ask for their client references and make sure about the fees involved in it before making a commitment. These are the most important things which you have to understand before hiring a best bankruptcy lawyer for your case, because there are many legal process involved in it.

[b]Declaring Bankruptcy[/b]
There are two common types of filing a bankruptcy and thus they are Chapter 7 (Liquidation) and Chapter 13 (Adjustment of Debts of an Individual with Regular Income). There are also chapter 11 and 12 are there, but chapter 7 and 13 are the most commonly used for filing a bankruptcy case. The main reason is that the chapter 7 deals with the unsecured debt like credit cards and the chapter 13 deals with the secured debt like a house. So if you have a huge amount of credit card debt and but are not in danger of losing your home, then you can file it in Chapter 7. The Chapter 7 bankruptcy also known as "clean slate" bankruptcy, removes almost all your debts. However, the court has the right to seize some of your properties to discharge your outstanding bills. The following items will be safe while seizing your properties and thus they are

• Up to $22,975 of equity in your home. This is known as the homestead exception.
• Insurance policy
• Retirement plans
• Personal belongings, with a limit of $1000 on jewelry

But if you are feeling that you are in danger to lose everything and want to save important things like home, then you have to file your bankruptcy case in chapter 13, so that it will help you not to lose your home, but it is does not mean that you are stop paying for your home, but by this process your debts will be reorganized.

[b]Rebuilding your Credit[/b]
Rebuilding your credit is that which will be following bankruptcy, and that which is almost similar to rebuilding your credit following less serious financial problems. Using credit responsibly, paying your other bills on correct time, and addressing any errors on your credit report are the most effective ways to boost your score and restore your credibility with financial institutions and credit reporting companies. You have to consult with your credit repair counselor specifically about the best options for you, before and after the decision of declaring your bankruptcy. For more details about how to declare bankruptcy and repair my credit, visit https://bankruptcy.expert/can-bankruptcy-solve-debts/