The Personal Bankruptcy Lawyer Can Help You With Your Bankruptcy

If you’re considering filing for bankruptcy, it is important to choose a lawyer who has experience in your particular case. While attorneys affiliated with large law firms are more likely to have attorneys available for your specific case, they are not as personable, and they often charge double or triple what smaller law firms charge. Smaller firms, however, may provide more personal service at a lower cost.

Chapter 7 (straight liquidation) cases are easier

While most people file for bankruptcy under the Chapter 7 and 13 categories, there are other types of bankruptcy that may apply in some circumstances. For example, a family farmer or small business owner may qualify for a Chapter 11 case. If you qualify for this type of bankruptcy, you can expect that the process will be easier than Chapter 7 cases.

Chapter 7 (straight liquidation) cases usually involve a meeting with a court-appointed trustee, who will review your financial documents and determine if you qualify for the bankruptcy. In addition, the trustee will ask you about your spending habits and recent transactions. They may also inquire about whether you intend to sell anything or surrender a loan.

A Chapter 7 (straight liquidation) bankruptcy involves liquidating your non-exempt assets to pay off as much of your debt as possible. The cash from the assets is distributed to creditors and the bankruptcy process is usually over within four months.

Non-attorney petition preparers can’t provide legal advice

Non-attorney petition preparer services provide basic assistance with bankruptcy paperwork, but they can’t give legal advice. These companies are limited in their ability to provide legal advice, but their costs are very low compared to the services provided by a lawyer. They also can’t answer your questions regarding bankruptcy law, and they can’t represent you in court. If you’re not comfortable with the limitations of this type of service, you can opt for a lawyer or self-help desk.

Although non-attorney petition preparers may provide cheap services, you have to consider the cost of hiring them and the outcome if your filing fails.

A bankruptcy petition preparer cannot give legal advice or provide legal advice, and isn’t licensed to practice law. As a result, they can’t give legal advice about bankruptcy, including whether filing is right for you. They can’t give you information about dischargeable debts, which can be very helpful.

Chapter 13 (reorganization) cases are more complicated

There are three different types of creditors in bankruptcy: unsecured creditors (such as medical bills, credit cards, and medical debt), priority unsecured creditors (such as student loans or back taxes), and secured creditors (such as a home mortgage or auto loan) or any other debt that you pledge collateral for.

During a Chapter 13 case, you will develop a repayment plan based on all of your debts. This repayment plan must be carefully drafted and follow the rules of the bankruptcy court. If the bankruptcy trustee or creditors object to your plan, they may seek to modify it. However, the court will probably approve your plan at a confirmation hearing.

If you need an Personal Bankruptcy Lawyer, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676–5506
https://www.ascentlawfirm.com

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