Chapter 7 Bankruptcy Lawyer – Why You Need One

A chapter 7 bankruptcy lawyer can help those who are seriously overwhelmed with debt. Filing for bankruptcy is not something anyone wants. But under the law, there is a provision to help those out of financial debt who are struggling to pay their bills. It can help people start afresh when the debt that was due to unforeseen circumstances or poor financial planning but not due to any ill intent.

Here are the reasons why you may need to chapter 7 bankruptcy lawyer.

For clarifying if you qualify for Chapter 7 bankruptcy –

If you are unsure whether you qualify for Chapter 7 bankruptcy then it is important to consult with a chapter 7 bankruptcy lawyer to know about your options.

Bankruptcy laws can differ from state to state. So, it is best to consult with a local lawyer whether you qualify for Chapter 7 bankruptcy or not.

First, your income mustn’t exceed the median income specified by your state for households of the same size as your own. But in some special circumstances, you may still be able to file for Chapter 7 discharge even if you do not meet the median income criterion. Only your lawyer will be able to tell you if it applies to you or not.

You should also be a resident of the USA. You should also have property or business in the country. If you filed for a bankruptcy case before and if it was dismissed then you wouldn’t be able to file another one before 180 days.

For legal guidance –

There are a number of conditions that apply when you file for a Chapter 7 discharge. Even if you know that you qualify for one; there is a ton of information that you will need to process before you can take concrete steps towards filing the petition. A chapter 7 bankruptcy lawyer can guide you about the process and help you understand what it entails.

For instance, you may have cleared the means test as specified by your state. But if you have any disposable income left with you after your expenses then you may not qualify for Chapter 7 bankruptcy. To take another example, if you do not own properties required for Chapter 7 discharge then you may not be able to file the petition for it. For Chapter 7 bankruptcy, one needs properties that can be exempted and non-exempted; meaning you can keep it and sell it to pay the creditors respectively. You will need the guidance of a bankruptcy lawyer Tucson to know for sure if you can file for Chapter 7 if you do not own properties.

You will also need legal guidance to find out if your debt qualifies for Chapter 7 discharge or not. All types of debts are not discharged when you file for Chapter 7 bankruptcy. You will need to know if filing for Chapter 7 discharge is actually helpful for you or not. Your lawyer can guide you about all the available options you have for filing a bankruptcy petition.

For expert help –

There is no substitute for the expertise of an experienced lawyer when you need to file a bankruptcy petition. There is a ton of work involved in the process and there is no room for errors.

There is a ton of paperwork required for filing bankruptcy petitions. Your lawyer will need to know the details of your financial situation and debt before drafting the paperwork needed for the petition. If you fail to disclose property or falsify any information then you stand to get your petition rejected. So, your lawyer will meticulously prepare the documents for the petition after clearing the information from your side. Your lawyer will also deal with creditors and trustees. Your lawyer will also accompany you to each hearing you will need to attend for your case. If you wish to file new motions then your lawyer can guide you about it. You may not know the right step to take when dealing with bankruptcy cases. But an expert chapter 7 bankruptcy lawyer can help you out due to his or her professional competency.

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