Bankruptcy allows individuals and businesses to start fresh by discharging debts they can’t repay, while also giving creditors a chance to regain some repayment. A bankruptcy attorney can help you through the process.
Help you decide what type of bankruptcy to file. Guide you through exemptions to protect property. Negotiate balances, collateral value (property that secures debt payment), and interest rate terms to lower your monthly payments.
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Legal Advice
A bankruptcy attorney will give you advice on the best way to handle your debt and help you decide if it makes sense to file for Chapter 7 or Chapter 13 bankruptcy. The free bankruptcy consultation will also allow you to find out if your problem could be solved through less drastic means like debt settlement or a debt management program.
A good bankruptcy lawyer knows how to evaluate your assets, and which ones the court will allow you to keep under state exemption laws. They’ll also help you figure out which of your debts the court will discharge and which must be paid in full. They’ll explain the effects of bankruptcy on your credit score and overall financial situation, and offer advice about rebuilding your credit and making sound financial decisions moving forward. A Harrisburg PA bankruptcy attorney will also make sure you’re filing all the required paperwork on time and that all documents are complete. They’ll also prepare you for any meetings you may have with a trustee or creditors to review your case.
Documentation
During bankruptcy proceedings, the court will want to see any bank accounts, retirement statements and any other financial information you have. The goal is to make sure that you have no hidden assets that could be used to pay debts.
Depending on the type of bankruptcy you file, some of your property may be protected from creditors. Your lawyer will know how to protect your most valuable assets. They will also ensure that you do not lose any property by mistake.
Bankruptcy involves filing a lot of paperwork and meeting deadlines. One incorrectly filed document can jeopardize your entire case. An attorney will know exactly what papers to submit and when. They will also know what arguments to make on your behalf. If you try to file on your own, you might not be able to win the trustee’s approval for your bankruptcy. This is not something that you want to risk. A free consultation will give you a better understanding of what bankruptcy is and how it can help you.
Time
The bankruptcy process is complex and requires attention to detail. Making a single
mistake could cost you everything. A bankruptcy attorney can avoid those mistakes by reviewing and completing your paperwork correctly, attending your 341 meeting of creditors, explaining the law to you, and helping you understand the intricacies of the court system.
A good bankruptcy attorney will also know how to protect your assets by taking advantage of state and federal exemption laws, and help you determine the value of your property. Your bankruptcy attorney will negotiate with your creditors and debt collectors on your behalf.
If you are in financial hardship, filing for bankruptcy can offer a fresh start and a chance to rebuild credit. Contact Stockton & Kandt, LLC today to see if bankruptcy is the best option for you! Our experienced bankruptcy attorneys can help you eliminate your debt to improve your quality of life. Call us to schedule your free consultation.
Money
A good bankruptcy attorney will save you money in the long run. Bankruptcy is a complex area of law and mistakes can cost you dearly. Creditors are aggressive in seeking judgments and if you don’t have an experienced lawyer on your side, you’ll be fighting an uphill battle all the way.
A free bankruptcy consultation can help you decide whether filing is a smart option for you. A bankruptcy is a strong choice if you’re drowning in debt and can’t see how you could possibly pay off your creditors.
Your consultation should include documentation of how much you owe and who you owe it to. It will also explore alternatives to bankruptcy like debt settlement or debt management programs. Your bankruptcy attorney will also work to protect your assets based on state laws and exemptions. This will include things like your home, car and retirement accounts. They can also help you determine if you are “judgment proof,” meaning that your assets are protected from creditors by law.
