Do you know that over 2 million people have filed for bankruptcy over the past 10 years? As the global financial markets continue to recover, experts have predicted that more debtors will continue to file for bankruptcy. These individuals may file for bankruptcy while they are considering other financial relief programs such as debt consolidation. They will seek out these alternatives to prevent harassment from creditors. A bankruptcy law firm can provide expert legal advice to help debtors make an informed decision.
Chapter 7 and Chapter 13
Under bankruptcy laws, debtors can file for either Chapter 7 or Chapter 13. The type of bankruptcy they file will be dependent on their needs and financial situation. If you are considering filing, you will need to know that there are a few factors that you will need to take into account before you proceed with the filing process.
You will need to be aware of the current bankruptcy laws, how you qualify, what can disqualify you and the paperwork/documentation that will be required during the filing process. A bankruptcy law firm will be able to assist you with all of these steps. From filing the initial paperwork all the way to seeking creditor relief from foreclosures, an experienced bankruptcy firm will help you navigate the legal process.
The Advantages of Hiring a Bankruptcy Lawyer
The attorneys can help you assess your current financial situation prior to filing for bankruptcy. This assistance will help you further understand the bankruptcy laws, and any changes to the law.
If you are seeking to liquidate your assets, you should know that these liquidations are litigated by federal bankruptcy courts. There are several codes that are associated with bankruptcy litigations. The average individual will not be familiar with these codes. However, an experienced and knowledgeable bankruptcy attorney will help their client understand the codes and ensure that their rights are not jeopardized during the proceedings.
In conclusion, a bankruptcy law firm can provide you with the legal assistance you need. They can assist debtors and provide legal representation with many different types of cases.
Douglas Jacobson is one of the best bankruptcy law firms in Georgia. Our experienced attorneys provide reliable legal assistance and compassionate representation. Contact us to schedule a free consultation.