How A Chapter 7 Bankruptcy Lawyer Can Ensure A Smooth Process For Those In Debt

Law Blog

When you have debt that seems impossible to pay back with a repayment plan, Chapter 7 bankruptcy is often the best option. You'll want to work with a Chapter 7 bankruptcy attorney when pursuing it because they can make this process run a lot smoother. 

Prepare You for Creditor Meetings

After filing for Chapter 7 bankruptcy, there will be a window of time when creditors get to ask you questions. This is known as a creditor meeting, and it is important to prepare for it correctly. A Chapter 7 bankruptcy attorney can help you get ready for this meeting before it takes place.

They will cover the typical line of questioning that you will be asked and tell you what documents you need to provide at the meeting. Having these things worked out saves you from delaying the bankruptcy process and lets the creditors move on accordingly.

Show Which Property Is Exempt

Although you won't have to deal with a repayment plan after filing Chapter 7 bankruptcy, some of your property could still be sold to cover some of the debt you owe. It is key to know what property is exempt and can't be sold. Then you will know what your rights are throughout this process.

You will want to speak with a Chapter 7 bankruptcy lawyer on this matter. They can review the property you are in possession of and see if it has exempt status. The attorney can monitor this property throughout bankruptcy to ensure creditors and financial institutions do not interfere with it.

Make Sure the Right Debts Are Discharged

Getting rid of all of your debt when filing Chapter 7 bankruptcy may not be possible, but a good portion can be taken away. However, it is important that you make sure the right debts are properly discharged so that you are not still left with them after this process concludes.

If you hire a Chapter 7 bankruptcy attorney, this oversight will be provided. The attorney will make sure the debts that were highlighted are discharged once the right forms are sent in and the right steps are taken. 

If you think Chapter 7 bankruptcy is the best way to handle your current financial situation and you have a bankruptcy attorney supporting this decision, continue working with them. They can ensure the right things are done throughout this process and provide meaningful counsel that may be needed when questions come up. 


9 August 2021

injured at work? what do you do now?

Were you injured at work and fighting to get the workers compensation that you have paid into each year? Sometimes, getting those payments can be very difficult. What do you do when an employer fights the claim? Do you need a lawyer to help you through the process? How will you pay for a lawyer if you cannot even pay your electric bill? You are probably as lost as I was when I went through the process. Fortunately, you can learn from my experience with the system and find the answers to many of the questions that you have about filing a workers comp claim and fighting the system when it is denied.