Larceny legal services

Larceny legal services

Sometimes when financial struggles are insurmountable, the only solution is to file for bankruptcy. Bankruptcy is an opportunity to clear the slate and get legal assistance for a fresh financial start.  Sometimes settling debts outside of bankruptcy is an option, however there are many questionable “debt settlement” companies out there. These companies require up front “fee” payments which are non-refundable, even if they fail to reach settlement with your creditors. An experienced bankruptcy attorney will have credibility when informing your creditors that if a settlement cannot be reached, a bankruptcy notice will be forthcoming. Many bankruptcy attorneys will try non-bankruptcy debt settlement before filing a bankruptcy case on your behalf. Acquiring a competent bankruptcy legal service will help you assess when debt settlement might be an option and inform you as to what steps are necessary to file.

Bankruptcy Process

Chapter 7 Bankruptcy is the most common form of bankruptcy. It is a liquidation proceeding in which the debtor’s non-exempt assets, if any, are sold by the Chapter 7 trustee and the proceeds distributed to creditors. Individual debtors typically get a discharge within 4-6 months of filing the case. Assets that are non-exempt are taken over by the trustee, who sells them and pays creditors as much as the proceeds permit. Any wages the debtor earns after the case is begun are the debtor’s, and the creditors have no claim on those earnings. A bankruptcy attorney can advise you regarding which of your assets will be exempt from liquidation, and what you can expect for the future. Chapter 13 is a repayment plan for individuals with regular income, unsecured debt less than $336,900, and secured debt less than $1,010,650. The debtor keeps his property and makes regular payments to the Chapter 13 trustee out of their future income to pay off their creditors over time (typically 3-5 years). Repayment in Chapter 13 can range from 1% to 100% depending on the debtor’s income and the type of the debt. Chapter 13 also provides a way for bankrupt individuals to avoid foreclosures and repossessions. In certain circumstances, debtors can reduce the balance of loans on vehicles and discharge second mortgages or home equity lines of credit. It is not recommended that you file bankruptcy without the assistance of an attorney, as the bankruptcy process is complex. Based on the factual and legal complexity of your case, a qualified bankruptcy attorney will be able to offer you a customized solution to your situation.

Related Posts
DUI:Driving under the influence
Dui (DUI), generating while intoxicated (DWI), drunk(en) generating, drink generating, working under the impact, generating under the impact, or impaired generating is the criminal activity of generating a automobile with ...
READ MORE
Driving license suspended? how to preventions
Driving privileges can be revoked for reasonable violations. These violations may pertain to driving under the influence or driving while intoxicated that leads to disobedience to simple or complex road ...
READ MORE
Renting Office Space: Know What’s Involved
Office spaces are efficient for business owners and entrepreneurs to run their operations. Sometimes, sharing these commercial spaces with another person in the same line of profession or business is ...
READ MORE
Understand the DUI police report
The dui police report you receive contains the evidences against you in the DUI case. These are the evidences that you must overcome in the trial. The report will have the ...
READ MORE
How lawyers can help real estate investors or buyers?
In many ways, a real estate lawyer can help real estate investors or buyers more than a real estate agent can. That's because they know all the complexities of real ...
READ MORE
House Buyers: What should a property attorney do for you
The exercise place of residence and residence law deals with a variety of relevant problems, including the following: privileges and interests in residence and actual property; sales, buys and other exchanges of ...
READ MORE
Do you need a real estate lawyer while buying home or other real estate?
Despite your financial worry that a lawyer's fee would cost too much for a simple decision such as buying a house, it would really be very ideal and would be ...
READ MORE
How to get your security deposit back?
Before you can move in to a rented apartment, you have to deposit a big amount of money to the landlord first. This money is called the security deposit. This ...
READ MORE
Basic landlord laws in US
If you're a landlord and you want to protect your real estate investment, you need to have the knowledge that relates to all the state statutory and common laws governing ...
READ MORE
Discuss major real estate laws in the U.S.
Real estate laws has a broad legal area coverage regulated by state law, federal law, and common law. This law includes land and any immovable structures attached to that land ...
READ MORE
DUI:Driving under the influence
Driving license suspended? how to preventions
Renting Office Space: Know What’s Involved
Understand the DUI police report
How lawyers can help real estate investors or
House Buyers: What should a property attorney do
Do you need a real estate lawyer while
How to get your security deposit back?
Basic landlord laws in US
Discuss major real estate laws in the U.S.