A Bankruptcy Attorney Can Help

For many customers, there will be a stage where they will have to take a long and hard look at their finances, and then they will conclude that they must throw in the towel and file for some form of bankruptcy. There are several chapters of bankruptcy for which a consumer can file, but they all mean one thing; the consumer is in debt over their heads, and the only way to get out of the debt mountain is to legally discharge their debts. This suggests that to have their debt legally discharged, the consumer would have to go before the courts. Although certain people may want to represent themselves in the courts, hiring a bankruptcy attorney to handle this big financial move is to their benefit. If you’re looking for more tips, Bankruptcy Attorney has it for you.

The bankruptcy attorney will be able to advise their client or customers on the best bankruptcy chapter to file. For the customer, the procedure would be very straightforward, at least administratively. What they need to do is meet the bankruptcy attorney they have selected. This solicitor would then carry out what is known to the client as a means test. A mean test is a sort of barometer, which says how much, if at all the client is willing to pay on their debts. It will also disclose the client’s annual earnings. This needs to be known by the attorney, because then they will be able to steer their client or customers in the correct direction.

The bankruptcy attorney will recommend the correct form of bankruptcy after a good picture of the client’s assets is assessed, and then on behalf of the client, they will continue to file the necessary paperwork in court. The client will either obtain a complete discharge of their debt, or a re-payment plan will be administered, depending on the bankruptcy chapter that has been filed and ordered. It is a very trying time to go through a bankruptcy, and many people will feel physically and mentally spent. Beyond this when it comes to bankruptcy, they won’t be privy to their civil rights. All the data that the consumer wants to make a new beginning for themselves will be privy to the bankruptcy solicitor.