When you’re saddled with massive amounts of debt, everyday life can feel overwhelming. Filing Chapter 7 bankruptcy can be a great option for those who are having difficulty supporting themselves and simply are unable to repay their creditors.
However, because Chapter 7 involves the complete liquidation of your assets, you’ll need to make sure that this is the right choice for you. Working with an experienced and successful Chapter 7 bankruptcy lawyer can help you determine whether this path is the best one for you. Below, we discuss the responsibilities of your attorney and what you can expect when declaring Chapter 7.
Bankruptcy Legal Advice
Although you might believe Chapter 7 bankruptcy is the only option for you, it might come as a surprise to learn that there are other types of bankruptcy that could be a better fit, including Chapter 13 and Chapter 11.
Your lawyer will review the details of your income, debts, expenses, assets and other pertinent information to determine whether Chapter 7 is the right choice for your financial situation. You can trust that your attorney will be able to give you the sound legal advice you need to move forward.
Preparing Bankruptcy Paperwork
No matter which type of bankruptcy you’re filing, the size and complexity of the forms process can be be overwhelming, and you might not understand all of the legal language. Your lawyer can assist you in filling out the necessary papers and make sure that everything is filed on time so your Chapter 7 bankruptcy process continues as smoothly as possible.
Professional and Knowledgeable Representation
Before your bankruptcy can be finalized, you’re required to attend a 341 creditors’ meeting. Here, you’ll discuss your debts in detail with your creditors to clear up any discrepancies and ensure that your debts are recorded accurately. You’ll want your attorney to attend this hearing to have someone on your side representing your best interests.
Contact a Highly Trained Chapter 7 Bankruptcy Lawyer
Having a knowledgeable attorney can benefit your bankruptcy case. Schedule an initial consultation with your Chapter 7 bankruptcy attorney at Rowdy G. Williams Law Firm by calling our office at 1-812-232-7400 or by filling out the convenient contact form provided below.