Finding the Best Personal Bankruptcy Lawyer

Chapter 7 Bankruptcy and filing Chapter 13 Bankruptcy are a set of federal laws designed to protect consumers through a legal process, which allows a consumer’s debt to be released or partially paid back in an organized way. Federal bankruptcy laws demonstrates an understanding that bad things can happen to any citizen, regardless of their income, many times through no fault of their own (i.e. filing bankruptcy due to medical bills or the loss of employment), and consumers sometimes just don’t have the ability to pay back a lender or creditor. Here are some simple steps to keep in mind.

Step 1-Choose Between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy

File Chapter 7 Bankruptcy and Filing Chapter 13 Bankruptcy are by far the two most widely used ways for consumers to file for bankruptcy protection in the United States; Chapter 7 bankruptcy is the most widely used. It permits consumers to entirely discharge their debts through a reasonably fast chapter 7 bankruptcy process organized by the consumer’s personal bankruptcy lawyer. Chapter 13 bankruptcy , on the other hand, is basically a federal debt consolidation plan.

Step 2- Find a Personal Bankruptcy Attorney

It is not easy at all to file for bankruptcy without the use of a personal bankruptcy lawyer. A personal bankruptcy attorney often works only in the bankruptcy field and so is an expert in the process. A personal bankruptcy lawyer will give you the best advice for your unique situation. It is not recommended to go it alone. Your creditors will have attorneys representing them against you, and so should you.

Step 3- Provide your Personal Bankruptcy Attorney with all of the required information

Whether you file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, there will be a lot of paperwork required. Your personal bankruptcy lawyer will tell you what is needed. Be sure to be a complete as possible in providing the information that is requested by your personal bankruptcy lawyer. If you just miss one creditor, by not submitting their information or your account numbers properly, that creditor has the right to come after you for the amount they say you owe them.

Step 4- You will be notified of your court date

After about a month, you will receive your Chapter 7 Bankruptcy or Chapter 13 Bankruptcy notification regarding your Petition and you will be asked to meet with your creditors and their lawyers with your bankruptcy attorney. After the meeting, the court will decide on your Petition.

File Chapter 13 Bankruptcy is basically a Federal Debt Consolidation Plan

Exactly what is bankruptcy or bankruptcy due to medical bills? Bankruptcy is a set of laws designed to protect the consumer that, through a federal legal process allows a consumer’s debts to be forgiven or partially paid back in a managed way. The federal bankruptcy law recognizes that bad things can sometimes happen to any American, regardless of their income, often through no fault of their own (i.e. medical emergencies or job loss), and American consumers sometimes just don’t have the means to satisfy a lender or creditor's repayment demands.

Once a consumer files for bankruptcy via their own personal bankruptcy , a mandatory automatic Stay is put into effect, which legally forces all creditors to stop trying to collect debts from you. The Stay instantly forces creditors and collection agencies to stop calling to harass you, stops collection letters from being sent to you, and also stops any current or pending bank levies, lawsuits, wage garnishments and other types of creditor harassment.

Chapter 7 Bankruptcy and Chapter 13 Bankruptcy are the two most common ways for the consumer to file for bankruptcy protection; Chapter 7 bankruptcy is by far the most popular. It allows consumers who own little or no assets to completely discharge their debts through a relatively quick chapter 7 bankruptcy process managed by the consumer’s personal bankruptcy attorney.

Chapter 13 bankruptcy is basically a federal debt consolidation plan. Through the use of a personal bankruptcy lawyer, Chapter 13 bankruptcy allows the consumer to keep their house and cars and to repay a portion of their debt over several years after which the bankruptcy will be discharged.

The bankruptcy court will send the consumer a Discharge notice as soon as the Chapter 7 Bankruptcy or Chapter 13 Bankruptcy has been effectively completed. The Discharge is the consumer’s legal release from all of the debts contained in the bankruptcy. Any banks, creditors, or collection agencies that were contained in the Chapter 7 Bankruptcy or Filing Chapter 13 Bankruptcy have no legal cause to contact you or attempt to collect the debts as the debts have been legally discharged.