Do you have more debt than you can afford to pay off? Do you have creditors hounding you to make payments you can’t meet? If so, you may be thinking of filing for bankruptcy. What does this really mean? Under US law, there are six different types of bankruptcy. To know which type you should file for, it is important to do you research. You can also choose to see a bankruptcy attorney – many of which offer a free consultation. What exactly do bankruptcy lawyers do? The work that an attorney will do for you falls into two different categories: analyzing your case and handling the legal proceedings for you. Analyze Your Case The first thing your attorney will want to do is analyze all the aspects of your situation. They are experts in their field and they know what situations truly constitute a bankruptcy case. They can analyze your debts and assets to verify that you truly qualify for bankruptcy. If there is a chance you don’t have to, they can help you explore other options. Additionally, they will help you determine which type of bankruptcy to file for. The most common forms filed by individuals are Chapter 7 and Chapter 13. However, there are other types that may apply to less common cases or for companies or businesses. Handle the Legal Work Once you’ve had your free consultation and figured out what type of bankruptcy you will be filing, your attorney will take over most of the legal proceedings so that you don’t have to. They will organize and prepare the necessary paperwork for the court and creditors. They will also act as your legal representative. As such, they can not only prepare and file petitions for you, but they can also meet with your trustee and creditors. Most importantly, they will help you understand all legal proceedings and verify that everything is in order. At The Schwartz Law Firm, our Las Vegas bankruptcy attorneys handle most types of bankruptcy filings on behalf of clients who are facing excessive debt, foreclosure, garnishment of wages or the failure of a small business. For Free Consultation, contact us today! (http://www.schwartzlawyers.com/bankruptcy-restructuring/)
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