There are a lot of random myths out there about bankruptcy and therefore many people that could benefit from it don’t apply. Bankruptcy is something that is legal; it’s a process in which you’re stating you are not financially capable of repaying all of your debts. The laws were put in place so that people who have been placed in unfortunate financial hardship are able to stay afloat and start fresh. The laws try to be fair to both the creditor and the debtor so that they are able to come to an agreement. Having bankruptcy lawyers Tallassee, AL area can help you with your decision to both file bankruptcy and the process to follow. Many people have been afforded the services of a lawyer and have come out successful in putting the burden behind them.
The hard part for most is determining if in fact you need bankruptcy lawyers Tallassee, AL area to file for bankruptcy. To rule out all confusion if you are in a situation where you debts far outweigh your assets it may be best to hire a lawyer to assist you in understanding your rights, the filing process, and the consequences that may follow. There are two chapters of bankruptcy you can file for, chapter 7 and chapter 13. Talking this over with your lawyer will give you a better understanding as to what you should do.
Any good bankruptcy lawyers Tallassee, AL area will explain to their potential clients the difference between both types of bankruptcy. Chapter 7 will eliminate all of your debt within a four month period. This is also called the straight bankruptcy which means they are giving people a fresh start. By law with this type of filing is that any assets that you have that fall in the nonexempt category can be sold or liquidated in order to repay any unsecured debts owed. In many instances they are able to keep their property. With chapter 13 bankruptcy the debt is simply reorganized. They are all combined and put into one monthly payment. In this form of bankruptcy there is no reason to lose or sale any of their assets. This one is also preferred because the creditors are no longer allowed to contact you about the debt.
When you are unsure of what to do next finding bankruptcy lawyers in Tallassee, AL area is a quick solution. Your attorney can help you in your planning for the bankruptcy, explain any costs involved, as well as the filing process. There are a lot of different lawyers to choose from and therefore you need to be mindful of certain specifics when choosing. Keep the following in mind as you search for an attorney to help you file:
1. Experience is a must when choosing bankruptcy lawyers Tallassee, AL area. You need to ensure that your attorney has the proper experience to potentially win your case.
2. Make sure that your attorney specializes in bankruptcy. There are all different fields of law, choosing someone generic or that does not specialize in this area of expertise could harm you in the long run.
3. Comfort level is also important as you being to search for bankruptcy lawyers Tallassee, AL area. Since you will be discussing personal financial matters you want to make sure that you feel comfortable telling them everything they need to know to prepare your case.
Count on the law office of Courtney & Mann LLP for expert help with all of your legal concerns in Tallassee, AL.
