The decision to file for bankruptcy is not something that most people make lightly. In fact, the need to seek a Chapter 7 bankruptcy can be one of the most serious decisions that anyone can make. As part of the arrangement, it is important to commit to providing full disclosure to the Chapter 7 Attorney in Huntersville NC. Doing so will help ensure that nothing slows down the progress of the bankruptcy petition. Why is Full Disclosure Important? Hiring a Chapter 7 Attorney in Huntersville NC to handle all the details of the bankruptcy filing and petition helps to ensure that everything is done in accordance with current laws. Once the legal professional from the Lake Law Office PLLC files the petition, both the attorney and a court appointed trustee will seek to ensure that the court has a complete understanding of the financial situation of the petitioning party.
That will mean checking all the details provided in the filing, and also using other resources to see if there are any more details that would be relevant to the case. The last thing that any client wants is for the Chapter 7 Attorney at Lake Law Office to be apprised of additional financial data that the client did not provide up front. For example, if the client has assets that are in offshore accounts or even domestic assets that not mentioned in the petition, that could lead to the court choosing to reject it. When this happens, the client no longer has the protection of the court from any of his or her creditors. There’s also a good chance that the Chapter 7 Attorney at Lake Law Office will no longer represent that client.
The best approach is to provide every detail that comes to mind before the attorney prepares and files that first petition. Even if those details seem minor and unimportant, provide them to the attorney. The lawyer can determine if the information is relevant and needs to be included, or if it is not germane to the case. By cooperating fully with the attorney at Lake Law Office PLLC, there will be no surprises, and nothing to prevent the court from giving the bankruptcy petition every possible consideration.
