A bankruptcy lawyer acts as your guide through the process and is charged with explaining what happens and how it affects you. Bankruptcy is stressful enough without having to worry about what happens when you go to court and what the authorities think about your case.
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A bankruptcy lawyer is a legal professional that take their clients through the process of declaring bankruptcy. Bankruptcy law is complex, determining first off if bankruptcy is the best course of action and then determining which Chapter to file under can be difficult for a layperson. Although an individual is free to declare bankruptcy independent of any legal assistance or …
What does a bankruptcy lawyer do? Nolo’s Plain-English Law Dictionary defines bankruptcy as: A federal legal process for debtors seeking to eliminate or repay their debts. There are two types of bankruptcies for consumers: Chapter 7, which allows debtors to wipe out many debts in exchange for giving up nonexempt property
One of the most important jobs of the bankruptcy attorney is to put the client’s mind at ease. With a reliable lawyer, your questions are answered, you receive guidance, and you entrust the bankruptcy process to experienced hands. Your lawyer can also help set up credit counseling to help you avoid future financial problems. Ensure You Get The Most Out Of Bankruptcy Meetings
Part of the bankruptcy’s lawyer’s job is to find and organize all the necessary financial records. Many people worry about missing paperwork, but a good attorney can hunt it all down and present it properly.
Discharge means that you are legally released from the liability of your debt at the conclusion of the bankruptcy proceedings.
Sound legal advice is meant to get you through this difficult time as quickly as possible. A good attorney does the work for you and makes sure it is completed correctly and on time.
Contact Sirody and Associates at 410-415-0445 for a FREE Consultation and advice from attorneys that specialize in bankruptcy law. Let our attorneys get to work to get you back on your feet.
A bankruptcy filing may be routine for an experienced bankruptcy lawyer, but for a debtor or business owner, it is a major event that affects your credit and property.
Most Chapter 7 petitions are simple and routine, unlike a Chapter 13 or an 11. A Chapter 13 is for small business owners or debtors who do not qualify for a Chapter 7 or who may be behind on their mortgages but are able to make current payments while paying off the arranges for up to 60-months.
You may have to deal with or negotiate with creditors. Your attorney is best suited to this task and has the experience to know how to resolve differences to your satisfaction. You will also have to attend a Creditors Meeting shortly after filing.