Choosing a bankruptcy attorney is one of the more important decisions you can make.  In the process of filing for bankruptcy you will be working closely with your attorney so it’s important to find a attorney who suits your personality. Whether you are looking for a chapter 7 bankruptcy attorney or just browsing general attorneys for bankruptcy the part that most people fail to understand is that choosing the wrong attorney can make for a less than pleasant experience. I you find a attorney that suits your personality it can make life a whole lot easier.

Many ponder where they should start looking in order to find a attorney. Of course referrals often produce the best results however most are not comfortable broadcasting to their friends and family the nature of their situation. The good news is that almost all local attorneys offer free consultations regarding bankruptcy. This is a great place to get your questions answered and find out if bankruptcy is right for you.

The part that many people fail to understand is that during your free consultation you need to be looking at this from an employer’s perspective. You really need to understand that you are interviewing them for hire even though it’s easy to fall into the trap of feeling like they are interviewing you. Remember that every bankruptcy attorney in town typically will offer you a free consult. I often advise people to get at least three or more different appointments with different attorneys. This is a good starting point as usually finding someone you can work best with seldom happens on the first visit. Read the full article →

When looking for chapter 13 bankruptcy information many want to know how it works first and if it’s right for them. Many opt for the cheaper chapter 7 bankruptcy for a variety of reasons. That being said a chapter 13 does make sense for plenty of people as well if they are looking to keep some of their assets such as their home.

The idea of a chapter 13 is that over the course of three to five years creditors will be paid in disbursements coordinated from a court appointed bankruptcy trustee. When the plan comes to an end all remaining debts are then discharged unless said portions of the debt are ineligible.

Per chapter 13 bankruptcy requirements anyone looking to file must attend a credit counseling session before moving forward. Upon completion of the course the debtor is forced to pay a fee which can vary along with documents stating information about the details of the debt, total income, creditor holdings and expenses. A trustee who is appointed by the court would then review your documents. At which point said trustee will communicate with creditors as well as the debtor. From there a meeting is set for the next step. Read the full article →

Chapter 13 bankruptcy rules dictate that people who have precious assets like a home or other valuable property (which is not covered by Chapter 7) discharge usually filed for Chapter 13 bankruptcy. Those who file Chapter 13 bankruptcy are also required to be wage earners that have stable enough income to repay a part or all of the debt through installments over 3 to 5 year period.

Chapter 13 bankruptcy is usually a three-year payment process, but can extend to five years in some cases depending on approval by the judge. All that collection efforts by creditors must cease during this period.

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