A quick breakdown of the helpful role an experienced bankruptcy attorney provides in your unique bankruptcy case
Filing for bankruptcy can be an overwhelming, complex, and complicated process that requires time, experience, and knowledge of how the Alabama legal system works. Thankfully, you don’t have to go through this process alone.
Below is a helpful explanation of the role of a bankruptcy attorney, and what to expect during bankruptcy from David S. Clark, an experienced bankruptcy attorney in Opelika, Alabama.
DISCLAIMER: The following blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.
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What is Bankruptcy?
Before walking through the specific tasks of a bankruptcy attorney, it is important to provide a brief explanation of what bankruptcy is. Essentially, when it comes to personal bankruptcy, there are two main types: Chapter 7 and Chapter 13. Chapter 7 bankruptcy allows individuals and businesses to discharge their debts, while Chapter 13 bankruptcy involves a repayment plan.
Each chapter of bankruptcy requires certain qualifications and includes different processes. For more information on which chapter of bankruptcy could be best for you, click here!
Initial Bankruptcy Consultation
Before any plans are drawn up, a bankruptcy attorney’s initial consultation is essential to your journey toward a fresh start. During this consultation, your attorney will evaluate your financial situation and provide advice on the best course of action.
Additionally, the attorney will review your debts, assets, and income to determine if you qualify for bankruptcy and discuss the potential consequences of filing.
Preparation of Bankruptcy Paperwork
After your initial consultation, the bankruptcy process begins. One of the most important roles of a bankruptcy attorney is to prepare and file the necessary paperwork for your unique bankruptcy case. This process can be complex and time-consuming, and it requires a thorough understanding of Alabama’s bankruptcy laws and regulations.
Your attorney will work closely with you to gather all the required information and documentation, such as financial records, tax returns, and asset listings. With this information, your attorney will prepare the necessary forms, including the bankruptcy petition, schedules, and statements, ensuring that everything is complete and accurate.
Representation in Court
Another important role of a bankruptcy attorney is to represent you in court throughout the bankruptcy process. Your attorney will attend all necessary court hearings, including the meeting of creditors and the confirmation hearing, to advocate for your specialized interests.
They will present evidence and arguments to the bankruptcy trustee and the judge, and answer any questions they may have about the case. Throughout this process, the attorney’s goal is to not only protect your rights but ensure your best interests are being served.
There are a number of myths surrounding bankruptcy, especially when it comes to the consequences.
David S. Clark and his team of professionals understand the overwhelming nature that bankruptcy can present. While it may be easy to find information about the best course of action to take, what is actually true about bankruptcy, or ways to cheat the system–an experienced bankruptcy lawyer could be the difference in the future of your finances forever.
If you are an Auburn or Opelika resident seeking the help of an experienced bankruptcy attorney, contact David S. Clark today!
DISCLAIMER: The above blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.