What A Bankruptcy Attorney Will Tell You

A bankruptcy attorney specializes in helping individuals to properly conduct bankruptcy proceedings. In this process, the individual or couple will petition the court to discharge their debts so they do not have to repay them. This is often done as a method of reducing the amount of financial difficulty that the individual is dealing with, such as too much credit card debt or medical debt. A lawyer is not a requirement, but it is strongly encouraged under law. In addition, the process is complex. Discussing the case with a lawyer is always the first step for those considering this process to determine whether or not they should proceed with the plan.

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Do You Qualify?

One of the first things a bankruptcy attorney will discuss with individuals is their ability to qualify to file. There are federal guidelines that must be met. Individuals must be at or under the state's median income in order to qualify. If they are not, they must pass the Means Test by proving they have extenuating circumstances and high, necessary expenses. Additionally, individuals must not have filed Chapter 7 in the last eight years.

Is This A Good Decision For You?

One thing to remember about these lawyers is that they do more than just help to fill in documentation. They also work on behalf of the individual filing. They offer advice and guidance. It is their responsibility to ensure that the process goes as smoothly as possible. As such, they also have the ability to work with individuals closely in determining if filing is a good option at all. For some, it may not be the best decision even if they qualify to file. This is where the lawyer can step in and potentially offer other debt management help.

How To Get Through The Process

From the filing of the paperwork to dealing with the questions of the bankruptcy trustee, the lawyer will help throughout the process with many important steps. This includes the Creditors Meeting, in which the individuals filing must come into the courtroom to answer questions and to potentially meet with creditors, if they decide to challenge the case. The lawyer hired is right there to provide guidance and to ensure that the best possible outcome occurs.

This big step will have lasting financial consequences for many people, but for many who file, it is the best possible way to overcome the financial burden they are dealing with on a daily basis. With the help of a bankruptcy attorney, it is possible to overcome these limitations and to move on to a successful financial future. To do that, set up a meeting with a lawyer to discuss your case and answer your questions.

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Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.

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