Bankruptcy is the situation where a person or individual who fails to pay debts to the court chooses to file a case instead to get some relief. To help and guide one through this, there is a professional person called a bankruptcy attorney. A bankruptcy attorney can be categorized according to the case they handle that is personal or commercial. The personal bankruptcy is one who guides you with chapter 7 and chapter 11 bankruptcies, and business bankruptcy attorney helps you with chapter 7 and 11 bankruptcy.
What are the cases personal bankruptcy attorney handle?
Not only this type of attorney helps you get free from debts, but they can also tell you how to manage your finances so that you don’t end up in such situation in the first place and when you do, step one is to identify what kind of bankruptcy you are going for!
What is chapter 7 bankruptcy? It is where you are hopeless that you will ever pay the debt, so, you decide to let go of your assets.
What is a chapter 13 bankruptcy? This is where you are well employed but just delayed to pay the debts so you appeal for more time to pay instead of giving up your assets.
How to know your bankruptcy attorney is the one for you? Well, this is the task you do before hiring him. There are things you consider that is if he is :
Successful in his records,
Certified and legit in his field,
Passionate for work,
Patient while listening to your inquiries and
So, if it’s all true and you gut accepts it, then he is right for you.