Hello, my name is Marcy. I would like to talk to you about the various ways bankruptcy attorneys help you eliminate debt. My attorney helped me find all of the creditors that I needed to pay back. I was astounded at the number of creditors listed on the bankruptcy. Fortunately, my bankruptcy attorney assured me that my case was completely normal and possible to discharge through the court process. I hope to use this site to reassure others about their debt situation. I will share information about bankruptcy attorney services in an effort to help others tackle this difficult problem.
Bankruptcy laws are extremely complex and confusing. Because of this, many people turn to lawyers to help them better understand the specifics about their case and what their rights are. It is important that you have a solid understanding of what to expect when it comes to filing for bankruptcy. The last thing you want to do is make a costly mistake that could put your case in jeopardy. Here are some common mistakes people make and what you can do to avoid them.
Failing to show up for your creditor hearing.
Just because you file your bankruptcy case, that doesn't mean it is over. There is a 341 hearing that you have to show up to. Your lawyer cannot act on your behalf, although they will be there with you. At the meeting, you will be asked a few different questions about your situation. Creditors have the option of showing up to this meeting as well. Here is where you have the chance to reaffirm debts if you so desire. Reaffirming your debts means you are agreeing to continue making payments so you can keep the item, such as with a house, car, credit card, etc. Your lawyer can better advise you on this and make sure you don't step into something detrimental to your situation right now.
Omitting information on your bankruptcy paperwork.
Oftentimes, people try to leave certain debts out of their bankruptcy filing. However, that is going to end up hurting you in the end. Not only can you get in trouble with the bankruptcy court, but you could put yourself right back into a bad financial situation all over again. You need to make sure all debts, regardless of how big or small they are, are included in your petition. Even though child support, student loans and money owed to the IRS cannot be discharged, it has to be included. If you omit the information from your paperwork, you aren't be truthful about who you owe and the total amount owed. It also means that the debt isn't going to be discharged, meaning you are stuck with debt that could have been discharged.
Attempting to pay certain debts off before filing your case.
The last thing you want to do is pay certain debts off before you file your bankruptcy case. In doing so, the court can go to those creditors and ask them to return the money to them where they will distribute the way they see fit based on order of importance. Any money paid to a creditor to pay a debt off within the six months prior to filing for bankruptcy can be taken back from the creditor. The court doesn't want you showing partiality toward one creditor or another. All creditors should be treated equally. If you cannot afford to pay one credit card company, you shouldn't be paying another one. You end up throwing money away on debts that could have been discharged in the case and getting creditors angry at you when the money is taken back from them.
By not making one of the mistakes above, you can make sure your case goes through with no problems. If you are ever in doubt about what you should be doing, make sure to speak with your attorney, one like Michael D Hart PC, about what you need to do. Not only will it make your situation less stressful, but it will ensure that all of your non-secured debts are properly discharged.