why do i need an attorney to file bankruptcy

A good bankruptcy attorney will give you peace of mind if they provide at least these four things:

• An initial consultation – usually free! – to get an overview of your case
• Advice on options available, including what type of bankruptcy to file
• Completed paperwork necessary for filing bankruptcy
• Representation when the case goes to court.

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What to ask a bankruptcy attorney?

Nov 18, 2019 · One of the reasons we enjoy practicing bankruptcy law (and why we’ve been in business for so long) is that bankruptcy touches on virtually all other areas of law – real estate, estate planning, contract, ERISA, worker’s compensation, personal injury, property, civil procedure, criminal law, family law, and many others.

How do you become a bankruptcy lawyer?

Sep 22, 2021 · When You Know You Need A Bankruptcy Attorney. Knowing that you need a bankruptcy attorney depends on the way you earn and spend your money. Falling into financial distress tends to occur gradually, and you might miss the early signs. It might be time to talk to a bankruptcy attorney if you have financial challenges. For example: You’ve maxed out your …

How much does a bankruptcy attorney cost?

From preparing your case to defending against any disputes from your creditors, an attorney who is well-versed in debt relief and bankruptcy knows how to manage these proceedings in a way that gives you the best chance of obtaining a favorable outcome. The other advantage an experienced attorney offers is knowledge.

How to find a good bankruptcy lawyer?

There is a reason why only licensed attorneys can legally file bankruptcy petitions for people other than themselves. The filing and prosecution of a successful bankruptcy are difficult and require a legal background and familiarity with the process. The cost to hire an attorney with bankruptcy knowledge and experience is well worth it.

What type of debt Cannot be discharged through bankruptcy?

Other Non-Dischargeable Debts in Bankruptcy 401k loans. Other government debt such as fines and penalties. Restitution for criminal acts. Debt arising from fraud or false pretenses.Nov 2, 2020

What do you lose when you file bankruptcy?

Filing Chapter 7 bankruptcy wipes out most types of debt, including credit card debt, medical bills, and personal loans. Your obligation to pay these types of unsecured debt is eliminated when the bankruptcy court grants you a bankruptcy discharge.Dec 12, 2021

What are three types of bankruptcies?

The most common types are Chapter 7, Chapter 13, and Chapter 11.Chapter 7 Bankruptcy forgives you of most of your debt. You can keep most or all of your assets with a few exceptions. ... Chapter 13 Bankruptcy is more common than Chapter 7 Bankruptcy. ... Chapter 11 Bankruptcy is generally for small business owners.

What is one consequence of going into bankruptcy?

The consequences of a Chapter 7 bankruptcy are significant: you will likely lose property, and the negative bankruptcy information will remain on your credit report for ten years after the filing date. Should you get into debt again, you won't be able to file again for bankruptcy under this chapter for eight years.

What happens if you fail to file bankruptcy?

The problem is that there are many steps that are required to successfully file a bankruptcy and see it through to completion. If you fail to complete one of the required steps then your bankruptcy will fail.

Who is Sumner County bankruptcy lawyer?

Led by attorney Christopher Kerney, our Sumner County bankruptcy lawyer helps individuals and families in Gallatin, Portland, Hendersonville, Lebanon and the surrounding area. Let us evaluate your financial situation and answer your questions. Your first consultation with a lawyer is free with no obligation. Call or contact us online today.