Bankruptcy is a legal procedure that absolves debtors of debts. Though you are not required to have a Bankruptcy Lawyer in Topeka KS, it could be of great help. Bankruptcy is a complicated process governed by many laws which may overwhelm the average person. When you do find a bankruptcy lawyer in Topeka KS, there are some questions you should ask.
Ask about the benefits of filing bankruptcy. There could be many benefits to filing bankruptcy. For example, the automatic stay prohibits creditors from contacting you about your debts. A lawyer should be able to explain the benefits of filing bankruptcy.
What type of bankruptcy do you need to file? There are to main kinds of bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy requires liquidation of assets. A trustee is placed in charge of selling assets and diving payments among creditors. Chapter 13 bankruptcy allows a debtor to slowly pay back debts under a plan devised by the court. The debtor is not required to sell assets. Debtors must The lawyer can figure which type of bankruptcy is suited for your case.
What should you include on your petition? Bankruptcy requires filling out a petition and filing it with the court. The petition includes a list of all of your assets and ways you earn income that must be filed with the court. The attorney can make certain you include everything you need to keep your case from getting dismissed.. Ask about fees. Any bankruptcy filing requires fees. Common bankruptcy fees are around $250. Find out what the court fees and attorney fees are.
Who will go with you to the hearings? You will be commonly required to attend a hearing handled by a trustee. This is so creditors can ask you questions. Find out if the attorney will accompany you or paralegal. You will prefer an attorney handling your case. If you are using a law firm and a different attorney will represent you, the attorney you should be briefed about your case.
Bankruptcy does not have to be viewed as negative. It is a way to get rid of debts. Hiring an attorney helps make the proceedings run smoother. Visit website for more details.
