Filing for bankruptcy is a fairly complicated process and having an expert bankruptcy attorney by your side is crucial. Before you consult a bankruptcy lawyer, read more about how to file for bankruptcy.
Gather information.
You will need the most complete picture of your debt possible. Put together as much documentation as you can, including credit card statements, letters from creditors, bills, and more. Try to summarize it all so you have a better understanding of where your financial woes lie, and be sure to keep all original documentation so you have proof for court.
Part of your information gathering should include consulting reputable attorneys and discussing terms with them. This next step of the process involves bringing your documentation to your attorney and talking about your options. Together, you and your attorney can decide which form of bankruptcy is appropriate for your situation.
Take your case to the courtroom.
Once you and your attorney develop a strategy, it’s time to take your case to your creditors and the court. A judge will ultimately rule on which kind of bankruptcy you’re allowed to file for and will also rule on any repayment plan or lump sum payment.
Plan for the future.
Chapter 7 bankruptcy is one of the more common forms of personal bankruptcy and involves a lump sum settlement that discharges your debts (with certain exceptions, which you should discuss with your lawyer). Chapter 13 bankruptcy, however, means paying back the money you owe through an installment plan for the next several years. Either way, there will subsequent steps to follow once you’ve completed the court process.
If you are considering filing for bankruptcy, talk to your bankruptcy attorney about your options. Being informed can help plan for your future.
If you need to declare bankruptcy, then contact the Law Offices of Steven A. Wolvek. Steven Wolvek and his associations are experts on bankruptcy, including Chapter 7 bankruptcy and Chapter 13 bankruptcy. To contact the best bankruptcy lawyer in Calabasas, call (818) 528-6954 today.
Disclaimer:
The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use and access to this website or any of the links contained within the site do not create an attorney-client relationship. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.
In this video, you will learn about bankruptcy and what responsibilities the debtor incurs once bankruptcy has been declared. Under past judicial laws, your debt was wiped clean once you declared bankruptcy and made any possible restitution. Now, however, once you begin making enough money to pay off the remainder of your debt, you will likely be required to do so.
To learn more about the process of filing for bankruptcy, contact the Law Offices of Steven A. Wolvek. Here at Steven A. Wolvek, we have extensive experience with bankruptcy cases, including Chapter 7 bankruptcy and Chapter 13 bankruptcy. To get in touch with the best bankruptcy and foreclosure lawyers in the business, call (818) 528-6954.
Disclaimer:
The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use and access to this website or any of the links contained within the site do not create an attorney-client relationship. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.
Filing for bankruptcy can be a confusing and overwhelming process, which is why you’re going to need a skilled bankruptcy attorney. Many people attempt to tackle the bankruptcy process alone, but the law is too difficult for a layperson to fully understand. Hire a good bankruptcy lawyer and ask him or her the following questions.
It's normal to have questions for your bankruptcy atrorney. He or she will be able to guide you through the process without getting overwhelmed or lost.
1. Am I eligible for bankruptcy?
This is the first question you need to have answered before you can proceed. Being in financial distress doesn’t necessarily mean that bankruptcy is an option for you. Your bankruptcy attorney can tell you whether you’re eligible—and if you’re not, then he can provide suggestions about whom to contact concerning debts.
2. Is bankruptcy the best option for me?
Just because you’re eligible for bankruptcy doesn’t mean that you should file for bankruptcy. You and your bankruptcy attorney can talk about the state of your finances and discuss whether applying for bankruptcy is truly in your best interests.
3. What kind of bankruptcy am I eligible for?
There are numerous kinds of bankruptcy, although Chapter 7 and Chapter 13 are the most common forms of personal bankruptcy. The standards and outcomes for filing Chapter 7 and Chapter 13 are very different; the intricacies of filing for the bankruptcy of your small business are even more different still. Ask your bankruptcy attorney about which type of bankruptcy is the best option for you.
4. How long will the process take?
Everyone wants to avoid an extended court process. It’s important to ask your bankruptcy attorney for an estimated time so you can plan how to get your life back on track.
If you need to declare bankruptcy, then contact the Law Offices of Steven A. Wolvek. We have extensive experience dealing with bankruptcy, including Chapter 7 bankruptcy and Chapter 13 bankruptcy. To get in touch with our great bankruptcy lawyer, call (818) 528-6954 today.
Disclaimer:
The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use and access to this website or any of the links contained within the site do not create an attorney-client relationship. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.
With candor and assuring confidence, Steve helped me navigate through the legal system. What seemed daunting to me was made clear and understandable. The easy part was going into court prepared. I would not hesitate to utilize his expertise again. I highly recommend Steve's services
Bankruptcy is a major life decision and, whether or not it's the right move for you, it's not a move to be made lightly. You should consult with a qualified bankruptcy attorney and educate yourself on the nuts and bolts of filing and what it will mean for you. Check out these excellent sites for more information.
Cornell University Law School defines bankruptcy and explains how the process works.
Filing for bankruptcy is a big decision. If you feel overwhelmed, contact a bankruptcy attorney, who will be able to explain your options.
For more information about filing for bankruptcy in Calabsas or surrounding areas, please call the Law Offices of Steven Wolvek at (818) 528-6954 to schedule a free consultation.
