Locating Good Bankruptcy Lawyers

Bankruptcy sucks! Anyone that has gone through bankruptcy knows what a painful process it can be. The emotional strain can be very stressful to say the very least. And it is something that can happen to just about anyone. The sad thing is that most people think that bankruptcy only happens to other people. Life is unpredictable. So like a good boy scout, it always pays to prepare yourself with valuable information about bankruptcy just in case it might happen to you.

Start with the Beginning

At the starting point of this painful process, a person will run through a gamut of emotions, which includes confusion over the steps that lie ahead. Declaring bankruptcy basically means that you have no means of paying off your bills. The good news is, if there is such a thing, there are many good bankruptcy lawyers who can guide you through the process and at the same time, preserve your financial life and your credit as much as possible. A good bankruptcy lawyer should be able to walk you step by step through this process. And if they’d do their job right, they should be able to preserve your financial life and your credit as much as possible.

How to Find a Good Lawyer

The best way to find a good bankruptcy lawyer is to make sure that you’re dealing with a firm that specializes in bankruptcy. Check the Yellow Pages or go online and do a search for “bankruptcy lawyers”. Lawyers can specialize in many areas of law, so you have to make sure that the lawyer you pick has ample experience in the field of bankruptcy. As funny as this may sound, you have to find a lawyer that you can trust. Make sure you do some research before settling on a firm. Look for one that this open and forthcoming with information and that has a good payment plan that you can work with.

Good bankruptcy lawyers will offer you good counsel in the matters of your money and property. They should help you to preserve your asset base as best as possible and protect your financial health. Let’s face it; bankruptcy is a life-changing event in a person’s life. It can easily cause a person to lose confidence in themselves and in their abilities. However, that doesn’t mean that it is the end of your financial future or your life. A good bankruptcy lawyer should constantly remind you of this and at the same time guide you through the steps of your bankruptcy process.

Keep in mind that a good bankruptcy lawyer will fight for you and your interest in every way possible. The bankruptcy process usually involves a lot of paperwork that requires filling out and filing. This by itself can be a very daunting task. When you’re faced with this mountain of paperwork, it will help to know that you have good bankruptcy lawyers on your side to help you with this task and to ensure that it is done correctly.

Kerry Ng is a successful Webmaster and publisher of The Personal Bankruptcy Blog. For more great helpful information about Personal Bankruptcy visit Personal Bankruptcy Tips

Dealing With Reluctance to File for Bankruptcy

Like many people, you may be reluctant to file for bankruptcy even though a Washington bankruptcy lawyer has advised you that bankruptcy is the best – maybe the only — solution to your financial problems. Your resistance is understandable.
You may feel embarrassed – you should be in control of your finances, but you’re not. And there’s a certain stigma attached to bankruptcy, whether you go through the process yourself or are represented by a Washington bankruptcy lawyer. The filing is a public admission that you are unable to pay your debts. Bankruptcy also carries with it several unpleasant consequences, including the following:
• For 10 years, the bankruptcy will be reflected on your credit report (and there’s nothing a Washington bankruptcy lawyer can do to change that).
• You can obtain credit after bankruptcy, but it will cost you more.
• Though it’s highly unlikely you’ll be fired from a job because you declare bankruptcy, there are some jobs and licenses you can’t obtain because of bankruptcy. For example, some professions – stock broker is one — don’t allow a bankrupt to be employed in certain positions. These positions usually involve trust and money. (If you’re considering bankruptcy, a Washington bankruptcy lawyer can advise you about bankruptcy’s impact on your employment.)
• There are restrictions on how soon you can re-file for bankruptcy. For example, if you file under Chapter 7, you can’t file again under that chapter for eight years. (A Washington bankruptcy lawyer can explain these timelines to you.).
• Bankruptcy is listed in the top five life-altering negative events, along with divorce, severe illness, disability and loss of a loved one.
While these consequences are unpleasant, there’s another side to bankruptcy, as a Washington bankruptcy lawyer can explain to you. The right to file for bankruptcy is in the U.S. Constitution. Underlying this right is the idea that those in financial trouble deserve the chance for a fresh start. As every Washington bankruptcy lawyer is aware, some people abuse the bankruptcy system. However, the vast majority of people, whether they represent themselves or hire a Washington bankruptcy lawyer, have a legitimate reason for choosing bankruptcy. And often, as every Washington bankruptcy lawyer knows, those reasons are divorce and medical expenses.
It often helps to discuss feelings about bankruptcy with a Washington bankruptcy lawyer. The bottom line is that you shouldn’t feel bad about filing for bankruptcy. It’s your right. Filing lets you take control of your financial life. Filing makes you feel better about your situation. Filing amounts to a commitment to fix the problem and start fresh. At Resolve Legal, we can help you assess whether bankruptcy is right for you. Find out how, and get started on the road to financial recovery.

Please visit http://www.resolvelegal.com for more information about Washington bankruptcy lawyer.

Choosing a Bankruptcy Attorney

It is possible to represent yourself in a bankruptcy proceeding – at least a Chapter 7 one, which involves liquidation of your assets. But, in most cases, it’s far wiser to be represented by a skilled bankruptcy attorney. That way, you’ll be sure to keep more of your assets and discharge more of your debt.

Here are some guidelines for choosing a bankruptcy attorney, including reasons why you should consider a Seattle bankruptcy attorney at Resolve Legal:

• Look for an attorney that understands consumer bankruptcy law. Resolve Legal, located in downtown Seattle, was founded to provide legal services solely for consumer bankruptcies. Each attorney in our firm is a seasoned Seattle bankruptcy attorney providing quality services in Seattle and throughout the Puget Sound area.

• Look for an attorney that is experienced. Each Seattle bankruptcy attorney at Resolve Legal has practiced bankruptcy law, including consumer bankruptcy law, for many years. Consequently, when you’re represented by a Seattle bankruptcy attorney at Resolve Legal, you have an experienced bankruptcy practitioner on your side.

• Look for an attorney with excellent credentials. Each Seattle bankruptcy attorney at Resolve Legal attended a leading law school. In addition, each Seattle bankruptcy attorney at Resolve Legal previously practiced law with one of the Seattle area’s largest law firms. So each Seattle bankruptcy attorney at Resolve Legal has the type of “big firm” experience that will be invaluable in your bankruptcy proceeding.

• Look for an attorney with the best possible skill set. Because each Seattle bankruptcy attorney at Resolve Legal focuses primarily on bankruptcy cases, each brings a bigger legal “toolkit” to your individual case. Consequently, when represented by a Seattle bankruptcy attorney at Resolve Legal, you can be assured of an excellent result.

• Look for an attorney that’s not part of a bankruptcy “mill.” Many bankruptcy attorneys try to attract clients through low fees. Often these attorneys operate “mills,” designed to process as many bankruptcies as possible by treating clients’ financial problems all the same. That’s not the Resolve Legal approach. We don’t compete on price. Instead, we compete on quality. For each client, a Seattle bankruptcy attorney in our organization reviews the client’s individual financial and legal situation and designs the most appropriate action plan.

Please visit http://www.resolvelegal.com for more information about Seattle bankruptcy attorney .

What Happens at the Chapter 7 Court Date?

Shortly after your Chapter 7 bankruptcy case is filed, the Clerk of the U.S. Bankruptcy Court will send notice of your filing to all parties and creditors listed on your bankruptcy petition. The clerk will also assign a Chapter 7 bankruptcy trustee and set a date for your Section 341 meeting of creditors. There are several reasons for the Section 341 meeting of creditors. 1. The meeting is required in the bankruptcy code. You must be examined under oath with regard to the information contained in your schedules to be eligible to receive a discharge. 2. It gives creditors an opportunity to ask questions of you with regard to the information listed in your petition and schedules; 3. It allows the trustee to take sworn testimony from you with regard to the information contained in the petition and schedules. A trustee will ask you additional questions with regard to your assets, liabilities, income, expenses and statement of financial affairs.

How long will the meeting take?

The meeting can take five minutes or the meeting can take thirty minutes or longer. The meeting can also be continued over to another date if the trustee requires additional information for you to provide.

You should be prepared prior to the meeting with the types of questions that are going to be asked by the trustee. In some jurisdictions, the trustees are required to ask identical questions of each debtor. In other jurisdictions, the trustees are given greater latitude to ask questions of their choosing. In either case, the questions are typically straightforward. They are not designed to trick you into saying something that is not true. They are more or less fact-finding questions so the trustee can determine whether or not there are any assets that can be administered in your case. The overwhelming majority of Chapter 7 bankruptcy cases do not involve the administration of an asset. An exception to this occurs when you either understate the value of your property or you fail to disclose an item that has value beyond what the exemptions can protect.

Who appears at the meeting of creditors?

In most cases, the only three people who will be present at your meeting of creditors are you, your attorney and the Chapter 7 bankruptcy trustee. The most common creditors such as credit card issuers, medical providers and unsecured loan companies rarely if ever appear at the meeting of creditors. Every once and a while an uncommon creditor will appear such as a former friend or enemy that is owed money. Most of the time, these people do not realize that there is nothing to gain by attending. They read the notice that they received about your bankruptcy case and assume that they need to be present. In reality, they are usually wasting their time since in the majority of cases; there are no assets available for creditors.

In some cases, especially if the amount of debt is excessive, a representative from the U.S. Trustee’s office may sit in on the case and monitor the answers given by you. The U.S. Trustee’s office has a separate and distinct function, which I will detail later in this writing. For now, lets suffice to say that the U.S. Trustee’s office oversees the complete process of the bankruptcy case and the process of receiving a discharge in that bankruptcy case.

A secured creditor, such as an auto finance company, may appear through one of its representatives. That person may be tendering a reaffirmation agreement for you to sign. If that is the case, your attorney will check the agreement and ask you if it is something that you are interested in signing. In smaller jurisdictions, most agreements are mailed to your attorney prior to the meeting of creditors.

David M. Siegel is the author of Chapter 7 Success: The Complete Guide to Surviving Personal Bankruptcy. He is a member of the American Bankruptcy Institute and currently practices bankruptcy law in Chicago and its surrounding suburbs. Additional information is available at http://www.bankruptcy-lawyers-sanantonio.com .

Bankruptcy records

Time to get started on this topic. Take a few moments to read every aspect of this paper hopefully it will be of great help.

Most of the time the actions we take and the things we do, are reasoned as being public and as such they can be viewed by anyone. This fact also holds true for the individuals who have gone through with bankruptcy. Once you have filed for bankruptcy it becomes public property and anyone can look for your bankruptcy records.In most cases prospective employers who are looking to employ person will sometimes look in bankruptcy records. These records can be accessed by anyone. You can find this information by calling the bankruptcy courts’ voice automated service. This help will provide you the selective information that you require.

To attain this information you will need to supply the case number, social Security number or the name of the person that you are looking for info about. You will also be able to access these bankruptcy records from the bankruptcy courts web site.

At the spot the data about bankruptcy records is free but you should check to see if this is the eccentric the next time that you look for diverse bankruptcy records. The bankruptcy records will contain lots of information about the bankruptcy case.

This info mostly is the name of the person who is filing for bankruptcy and which bankruptcy for filed for. Special information like bank bill information, current and past residential addresses can be found from the bankruptcy records. You can also find the person’s social Security number and their date of birth.

These bankruptcy records hold the selective information about the person’s family – the names of the spouse and the children – and employment records. Fundamentally you will be able to approach the integral life history of the person. This data is helpful if you want to know if the person has a history of finance problems.

In the bankruptcy records once you provide the case number of the bankruptcy case you will be able to look at the integral proceeding. This selective information will let in the names of the lawyers who worked on the failure case. The versatile assets and property that were not part of the failure defrayment scheme will be listed as well.

Also having data on bankruptcy clients bankruptcy records can deal with other matters that deal with bankruptcy. These matters can be the another(a) types of information that are needed for the various forms of bankruptcy. You can also accession info about where to find and get the bankruptcy forms that you need.

While bankruptcy records hold information about a person who has gone through a failure case they are normally looked up by people who need this selective information for their company’s credit purposes. The system of public access makes this data readily available and easy to find.

I desire you enjoyed reading this article and found the information useful and interesting.

Michael Malega presents several bankruptcy facts articles for your information. You can visit Michael’s net site at: http://www.bankruptcy-chapter-13-facts.com/Bankruptcy-Records.php

Bankruptcy facts

Knowing that you need to better understand this topic I recommend that you take Five minutes to read what we have to say.

Since bankruptcy is a place that seems to be hit more people it is best to know some bankruptcy facts. These facts can help you to understand what happens when you claim to be bankrupt. The first fact that you will need to interpret is that filing for bankruptcy is not the end of the world.Bankruptcy is a way for you to suspend the dissimilar debt collections that are being carried out in your life during the time that you have in some way managed to roll up lots of debts. Once you have filed for bankruptcy the tribunal will allow an automatic stay order.

This stay order will keep the dissimilar debt collection agencies from trying to collect their debts while the tribunal is looking into your tangled up finances. According to the known bankruptcy facts, during the time of your failure money cannot be collected from you by your creditors.

These individuals will need to talk to your attorney to find data about the debt payment. These creditors can sooner or later petition the court for alleviation from the stay order. This alleviation order will provide them with the ability to collect any secured debts that you have written over to them. This is the only way that these creditors can collect money, property and assets from you.

By knowing about bankruptcy facts like this you can make sure that you are careful about assignment your property as security measures to credit companies. There is another failure fact that you should know about. In this fact once your failure payments have been fully paid off you will be released from further debt payments.

At this point former creditors will no longer have any claim on you and they can not force you to pay any more of the former debts. Even so if you do happen to get into credit difficulties with these same creditors once more they will have the right to search compensation for these new debts that you have incurred.

As you look through the various bankruptcy facts and advice, you will see that in most cases your assets that can be turned into immediate payment must be turned over to a bankruptcy trustee. This judicature decreed person will make sure that you are paying off your debt in a sensible manner.

You disposable assets once they have been liquidated will be distributed amongst your creditors. This is also another way for you to drop your bankruptcy charges. There are many other bankruptcy facts that can help you to keep off being in trouble with the various people to whom you owe money. You just need to talk with your attorney for help.

Thank you for Taking the time to read my article it is greatly appreciated. Try searching through my other articles.

Michael Malega presents several bankruptcy facts articles for your information. You can visit Michael’s WWW site at: http://www.bankruptcy-chapter-13-facts.com/Bankruptcy-Facts.php

How To Get Great Advice On Filing Bankruptcy

Debt can be a burden to anybody, but is filing for bankruptcy right for you to relieve the pressures of this debt? Thinking about bankruptcy can be quite a stressful thing! You can probably feel a full blown panic attack coming on, how could you let things get this bad? Most people react in the same way, what you need to do is take a step back and relax. This information is not legal advice, but it could help you to decide whether or not filing for bankruptcy is right for you. The first thing that you need to do is take a look at your debt and assets. Start by making a list of all your monthly expenses, start with your mortgage or rental payments. Then put the car payment, then carry on down the list in a similar fashion. Don’t include things like credit cards, and loans. Just include day to day living expenses, the things that you cannot do without.

After you’ve worked out how much you need to spend every month try to work out if it’s possible for you to repay the loan in full (including any interest) within three years with the disposable income that you have left. You should forget the minimum payment due figure and pay off the amount that would leave you debt free after three years. If you are struggling with these calculations then take a look on the internet, there are many tools online that can help you to work out all of these figures.

Now you should take a look how you can increase your cash flow, to do this you can reduce monthly outgoings, or taking a second job. Reducing monthly expenditure is a great place to start, you could reduce the number of nights that you go out, and lower the thermostat on the boiler so it’s more efficient.

If you have used all of these steps before and are still experiencing problems then maybe it’s time to call in the professionals. Professional credit councilors will be able to assess your individual case and find out if filing for debt repudiation is the right thing for you to do. Whenever asking for help make sure you are cautious, many of these so called professionals can actually cause much more harm than good! The best way to find a trustworthy councilor is to contact the state and federal courts for debt repudiation, these have a list of approved councilors.

Filing for bankruptcy is often a very difficult decision, but if you can’t pay off your debts within three years then perhaps it’s the only path available to you.

You can also find other information on Avoid Bankruptcy and Student Loan Bankruptcy. Filingpersonalbankruptcyhelp.com is a comprehensive resource to get help in Bankruptcy.

Chapter 7 Bankruptcy and You

Chapter 7 bankruptcy is the type of discharge that most people associate with the idea of bankruptcy. Chapter 7 is also the option that most people commonly choose because it offers a fresh financial start without the obligation to repay the debts that the debtor has incurred.

Although there are several other options that debtors can choose to deal with their financial troubles, Chapter 7 bankruptcy is ideal for people who have no way to repay the huge amount even with a repayment plan. However, according to the law, bankruptcy involves a variety of options and guidelines to help people make an informed financial decision.

Although Chapter 7 bankruptcy provides many people with bankruptcy alternatives and a new beginning concerning their finances, it is not a panacea for their problems. The courts do not just grant a complete discharge for debts without fully investigating the circumstances surrounding the debt. People who file for a discharge are obligated to undergo a “means test,” which is a comparison of the person’s monthly income to that of the state’s median income.

Due to the new law, bankruptcy petitions are subject to greater scrutiny than in previous years and they require the signature of a lawyer. Bankruptcy filings in the past year also affect the status of one’s petition according to the new guidelines. This helps the courts to decide if the person is even eligible for a complete discharge.

The new bankruptcy code guidelines are designed to discourage abuse of the system. If an investigation finds abuse, the court can cancel the bankruptcy or require the debtor to repay their creditors through other means.

Suspected abuse includes multiple bankruptcy filings or trying to get debts discharged immediately after an expensive shopping spree. In the end, the court and its officials make the final decision regarding a Chapter 7 bankruptcy before debtors are granted relief.

Chapter 7 bankruptcy is not the only bankruptcy alternative for a debtor. Other bankruptcy options, such as Chapter 13 bankruptcy, allow the debtor to repay the debts in a 3-5 year repayment plan set up by the bankruptcy courts.

The court’s trustee assesses the debtor’s income and debts and decides on a plan in which the money is taken directly out of the debtor’s income for the purposes of paying the creditors. This option is often settled out of court with the creditors and is often used as a means for debtors to save their home from foreclosure.

Before filing for Chapter 7 bankruptcy, the best thing you can do is to talk to an attorney. Maybe you can avoid bankruptcy. Bankruptcy attorneys are familiar with the entire process and can advise you as to your best options before rushing into such a drastic measure.

If the attorney feels that you should file, they will also tell you which chapter of bankruptcy is the most advantageous to your particular case. Whether you decide to file or not though, focusing your efforts on changing your behavior is best so you do not end up in this situation again.

Mike Selvon is the owner of various niche portals. Our bankruptcy portal is a great resource for more information on chapter 7 bankruptcy and the debtor. While you are there don’t forget to claim your free gift.


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Deciphering the New Bankruptcy Code

Congress decided to make major changes to the United States bankruptcy code in recent years because of the problem the current code was creating. With more people filing for bankruptcy protection and discharging their debts, companies that extended credit to the debtors were forced to cease trying to collect on the money that was owed to them.

Under the new guidelines, it is much more difficult for debtors to simply discharge their debts and they are forced to enter into repayment options if they choose to file. The most recent reformations were a result of many years of abusing the bankruptcy system.

The new bankruptcy code resulted in the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, but changes in bankruptcy code are not new for citizens of the United States. Congress was authorized to make changes to the rules and regulations that govern the relationship between debtors and creditors since 1801. Since then, the legislators have amended the bankruptcy code many times. The 2005 changes, however, created the most significant changes in the code in nearly two decades.

In April of 2005, President George Bush signed into law some new regulations to be added to the existing bankruptcy code. Under the new bankruptcy regulations, debtors who file for any form of bankruptcy protection must meet several requirements. Firstly, debtors who file for new bankruptcies are required to complete a financial counseling course.

Since a large number of bankruptcy filings are due to irresponsible personal finance management, the counseling course is designed to help people recognize and change their spending behaviors. This also helps to deter future bankruptcy filings because statistics show that many people who file bankruptcy will do it again in the future.

One way that the new code discourages abuse of the bankruptcy system is that it requires the signature of a lawyer for those who are considering bankruptcy. With the new guidelines, a bankruptcy petition cannot officially be filed unless a debtor has consulted with an attorney about other options that are available.

This encourages a second look at the person’s finances and the circumstances regarding the debt rather than just rushing to have them discharged. A comparison of the debtor’s finances against the average income of the state’s population plays a major role in the investigation.

Other restrictions of the new bankruptcy code make it more difficult for debtors to file Chapter 7 bankruptcy to simply have their debts discharged. With the new regulations, the majority of cases are forced into a Chapter 13 bankruptcy that requires debtors to repay their debts with a scheduled payment plan.

This process involves a court-appointed trustee to handle the finances of the debtor and a certain percentage of their regular income is delegated to the creditors. Repayment schedules are typically arranged so that the debts are paid within five years. Under the old bankruptcy code, however, it was much easier for debtors to file Chapter 7, which simply erases their debts without any form of repayment.

As of October 17, 2005, these and other changes were added to the United States bankruptcy code for several reasons. Because of the toll that unpaid debts have on the economic status of society, major changes were needed to lessen these detrimental effects. Since the focus of these amendments was placed on behavior change and reducing the abuse of the bankruptcy system, the new code should be able to force debtors to think about their financial decisions more carefully.

Mike Selvon is the owner of various niche portals. Our bankruptcy portal is a great resource for more information on understanding the new bankruptcy code. While you are there don’t forget to claim your free gift.

The Basics of Chapter 11 Bankruptcy

Corporations that get into deep financial trouble have the option of filing for Chapter 11 bankruptcy protection. This is basically the process of the courts ordering the company’s creditors to cease their pursuit of monies extended to the business in the form of credit.

This often happens because the company’s finances get mismanaged and the debt piles up until it becomes too overwhelming to repay. As a result, the court appoints a trustee to oversee the company’s debts and assets in order to help repay the creditors in a timely and efficient manner.

Corporate bankruptcy involves much of the same process that personal bankruptcy does. The main difference, however, is that creditors can force a business into Chapter 11 bankruptcy because it ensures that the court will take control of the finances.

When this happens, the creditors have a better chance of being repaid by the business. This type of business bankruptcy often allows the company to continue generating revenue for the creditors while the business gets its finances and assets in order.

When a business files for corporate bankruptcy in which its debts are greater than its assets, the stockholders receive nothing after the bankruptcy is completed. Essentially, they lose all rights that they had to the company and its assets. As a result, the creditors take control of the company in order to help it retrieve the monetary losses incurred by extending credit to it. This is also done to help save the jobs that the corporation provides and to help retain the profit-making capabilities of the business.

Although it is a good idea for a failing business, bankruptcy has many critics who feel that it is harmful to allow corporations to file for the court’s protection from its creditors. Many critics say that it is unfair for a company to continue to operate once it has filed for bankruptcy. The reason is that the company can cease paying its debts and use that money for improving the business.

As a result, the company has an advantage over its competitors because it has more money to unduly put into acquiring more customers, planning better products, and much more. Others say that Chapter 11 bankruptcy only perpetuates the problem of bad financial management in the upper tiers of the corporation’s executives. Filing for bankruptcy protection only adds to this problem by maintaining the practice of bad financial management.

The reasons for Chapter 11 bankruptcy vary among the different corporations in need of the services that it provides. Whether or not it is good for the economy, it is still a practice that does not go unused. This is proven by recent occurrences, such as K-Mart and WorldCom, in which major corporations filed for business bankruptcy protection in order to have their debts reorganized while remaining in business and creating revenue.

While it may provide unfair advantages and a continuing practice of financial mismanagement, it is sometimes a necessary method to save some corporations from a complete shutdown.

Mike Selvon is the owner of various niche portals. Our bankruptcy portal is a great resource for more information on the basics of chapter 11 bankruptcy. While you are there don’t forget to claim your free gift.