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Bankruptcy Lawyer’s

Bankruptcy is a legal life line for people drowning in debt. Consumers and businesses petition courts to release them from liability for their debts. In a majority of cases, the request is granted. visit lawyersinfo.net<br>Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. Bankruptcy laws were written to give people whose finances collapsed, a chance to start over.

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Bankruptcy Lawyer’s

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  1. Welcome to lawyers info

  2. Bankruptcy Lawyer’s Bankruptcy is a legal life line for people drowning in debt. Consumers and businesses petition courts to release them from liability for their debts. In a majority of cases, the request is granted. Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. Bankruptcy laws were written to give people whose finances collapsed, a chance to start over. Whether it was bad decision-making or bad luck, lawmakers could see that in a capitalistic economy, consumers and businesses who failed, need a second chance.

  3. Area of expertise a client needs • Bankruptcy Lawyer’s Corporate/Business Banking/Finance Admiralty & Maritime Tax, Trusts & Compensation Planning Labor, Employment & Employee Benefits Real Property & Land Use

  4. How to File for Bankruptcy Click to change Bankruptcy Lawyer’s It starts with compiling all your financial records – debts, assets, income, expenses – and listing them The next step is to receive credit counselling within 180 days before filing your case. This is required step You must obtain counselling from an approved provider listed on the United States Courts website. Most counselling agencies offer this service online or over the phone. The courts want you to do this to make sure you have exhausted all possibilities of finding a different way to handle your problem. It’s important to understand that credit counselling is required. Next, you file the petition for bankruptcy. If you haven’t done so at this point, this might be where you realize you need a bankruptcy lawyer. When your petition is accepted, your case is assigned to a court trustee, who sets up a meeting with your creditors. You must attend the meeting, but the creditors do not have to be there.

  5. Where Bankruptcy Doesn't Help Click to change Bankruptcy Lawyer’s Bankruptcy does not necessarily erase all financial responsibilities. • Debts that arise after bankruptcy is filed • Alimony and child support • Federal student loans • Debts from personal injury while driving intoxicated • Taxes • Loans obtained fraudulently

  6. Steps to File for Bankruptcy Click to change Your Subtitle • That individuals and businesses • must wade through to be successful • sometimes complicated • process • Filing bankruptcy with a court is the first step • a sometimes confusing

  7. Thank You

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