For people who are considering the possibility of seeking personal bankruptcy protection, it is important to realize that the process can be confusing to a layperson. Rather than attempting to navigate through all the aspects of Consumer Bankruptcy Law, it makes much more sense to seek out the help of a professional. Here are some examples of matters that must be addressed.
Qualifying for Bankruptcy Protection
It is important to understand that bankruptcy is not granted just for the asking. Chapter 7 and Chapter 13 bankruptcy laws both require candidates to meet specific criteria. Unless the individual seeking the protection meets those qualifications, the courts will dismiss the request immediately.In order to properly interpret the Consumer Bankruptcy Law that applies in a specific instance, obtaining help from an attorney is a must. An attorney can evaluate the circumstances of the client and compare the situation with the rules and regulations that apply in that jurisdiction. Along with determining if the client qualifies for one or both forms of personal bankruptcy, the attorney can also provide helpful guidance in making the right choice.
Complying With the Court: Another aspect of Consumer Bankruptcy Law that many people do not know in advance is that the court requires more of them than simply filing some paperwork. In the case of a Chapter 7 action, the candidate must complete court ordered financial classes in advance. The candidate will also need to work closely with a court appointed trustee to ensure that all financial data provided to the court is up to date and complete.
Someone to Guide the Way: There is no doubt that having a bankruptcy lawyer makes it easier for clients to understand exactly what is involved with Consumer Bankruptcy Law, and what they must do in order to file for bankruptcy protection. A firm like Law Margulies will be aware of current court requirements and procedures, and can easily outline what is expected of the candidate. Armed with that information, it will be much easier for the client to choose the best possible approach and have an excellent chance of receiving the protection that he or she desires. Visit their Facebook page for more information
