The legal proceedings that accompany a filing of personal bankruptcy require a thorough knowledge of the federal laws and an awareness of the implications a bankruptcy can have on a person’s future financial health.
Recent weak economic conditions have seen record numbers of people needing help with finding a solution to their unmanageable levels of consumer debt and for many people, filing personal bankruptcy is a wise choice.
The Chapter 7 filing that is available to consumers is used to clean the slate of unsecured debts. Credit card statements, utilities that are in arrears and some loans may be discharged in the resolution of a bankruptcy case.
Lawyer Omaha specialty practices that focus on representing debtors during their bankruptcy cases are incredibly valuable to the person who is grappling with the papers that are part of the bankruptcy case.
Any filing of bankruptcy will have specific requirements for the debtor to fulfill. Their assets and their liabilities must be fully accounted for and their financial transactions of the past several years must also be examined.
All of the papers that are contained within your bankruptcy case filing must be sworn under oath and attested to be true and your specialist bankruptcy Lawyer in Omaha can help you get your information properly reported on the forms that the US Trustee will be reading.
Being represented by a lawyer during your bankruptcy can help you breathe a sigh of relief that the file you are submitting has conformed to the expectations and requirements that the government requires in order to give you debt relief.
Financial insolvency has become quite common and there is no stigma in the clean slate that can be achieved by filing for bankruptcy. Most people find that within a year or less of their bankruptcy being final, they are able to successfully apply for credit and with the passage of a few years, their credit can be rebuilt with a more stable payment history.
Stopping creditor harassment and getting debts discharged can make life far more livable and your lawyer can help you on this path with their experience and their guidance.
A free initial consultation can help you see if you are a good candidate for filing a bankruptcy case.