Hiring an attorney is very crucial and you should understand that not only debtors are allowed to hire a bankruptcy attorney, but creditors too can do so. This is to ensure that their amount can be recovered successfully. The lawyer who works for creditors is to perform actions below:
- Lawsuits against debtors will be filed by the attorney in order to collect the debts back which were granted to them. They will act based on their knowledge, such as actions that need to be taken. The lawyers have the knowledge of what actions to be taken on different individual such as businesses or personal debts.
- Creditor's interest is represented by his lawyer in the bankruptcy court.
- The lawyer plays a crucial role in foreclosure
- The lawyers are to take essential actions on the recovery of goods.
It is indeed true that when a debtor files a petition, he or she will be granted with an automatic stay order by the court. This can be an advantage as he does not need to receive harassing calls. However, the laws too have given some flexibility to the creditors. In order to be relieved from the automatic stay, they must file a motion first and get the certificate and notice of mailing from the respective court. This notice will be sent to every party involved. If the debtors did not file any response regarding this matter and the court approves on orders, the creditors are eligible to collect back what belongs to them.
Once the filing bankruptcy matter is informed to you, the first thing that you need to keep in mind is order to order a certain copy of bankruptcy schedules or that particular debtor. You are advised to have your attorney to be reviewed wisely by an attorney.
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