For most people, working with our team of bankruptcy lawyers is an invaluable part of filing for bankruptcy. But what exactly do our bankruptcy lawyers actually do?
One of the most important things our bankruptcy lawyers do is help you understand bankruptcy, what it entails, and its implications. We can help you comprehend what solutions are available to you to erase your debt and the consequences of these options.
Additionally, our bankruptcy lawyers can help you determine which type of bankruptcy is right for your situation. The two types of personal bankruptcy options that may be available to you are chapter 7 bankruptcy and chapter 13 bankruptcy. Chapter 7 is often referred to as liquidation bankruptcy. The majority of chapter 7 cases are considered “no asset” cases, wherein the individual filing for bankruptcy can discharge all of their unsecured debt and still retain all of their possessions. In comparison, chapter 13 bankruptcy helps you devise a repayment plan to settle your debts by making monthly payments to a trustee. Most chapter 13 bankruptcies only require you to repay a small percentage of your debt to your unsecured creditors.
Once you decide to declare bankruptcy, our attorneys will also help you with every phase of the process. We will help you obtain the mandatory credit counseling certificates, prepare your petition with necessary supporting documents, and prevent creditors from contacting you once this petition has been filed.
After your debts have been discharged, we can also provide you with information on how to rebuild your credit or proceed with your finances. If you are thinking about filing for bankruptcy, let our bankruptcy lawyers help you throughout the entire process.