Bankruptcy Chapter 7

Why You Should Not Go Through Bankruptcy Chapter 7 Case Yourself

One of the most potent debt relief alternatives accessible in the US is Chapter 7 bankruptcy. Many people have used it to escape poverty and start over financially. It eliminates your debts, giving you a clean slate. However, declaring bankruptcy is a personal choice, so it’s critical to assess if it’s your best course of action. It is advised to hire a good lawyer who can ensure the bankruptcy paperwork is filled out accurately and the process is finished quickly.

Here are some reasons why you should hire a good bankruptcy chapter 7 lawyer.

• Your lawyer will outline the process for you and get you ready for it, including what the bankruptcy trustee and judge do, how to get a discharge, and what your creditors can do.
• Your lawyer will be aware of everything you need to reveal, including how to value your assets, what counts as income, which costs are “fair and necessary,” which tax returns to provide, and a whole host of other matters.
• Your attorney may compel compliance or seek the court’s order holding the creditor in contempt if they break the automatic stay, the injunctive order that forbids collection activity following the filing of the case.
• Your lawyer may be able to work with the creditors to get a reaffirmation agreement or redemption with a secured creditor in Chapter 7 bankruptcy so you can keep your home or vehicle.
• Your lawyer can assist you in filing to modify the conditions of your Chapter 13 plan temporarily or permanently or to request an early discharge due to hardship.

Contact us today.