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Does filing for bankruptcy help get your finances in shape? Bankruptcy filing can involve legal matters that chapter 13 Lawyers in Las Vegas can help a debtor.
Types of bankruptcy lawyers handle
There are six types of bankruptcy. When filing for bankruptcy as an individual, the case falls from these two types:
- Chapter 7
- Chapter 13
The court authorizes the repayment plan to be paid for three to five years. The debtor is no longer accountable for the debt when it is paid. Make all the mortgage payments paid on time following the Chapter 13 payment plan.
Bankruptcy lawyer
The bankruptcy lawyer specializes in the following:
- gives legal advice
- preparing legal documents
- represent the client in court
The bankruptcy lawyer guides the debtor on:
- The right time for filing for bankruptcy
- The type of bankruptcy to file
- How the process of bankruptcy works
- Which forms provided by the court must be completed
- What debt can be reduced or eliminated
- Whether you can hand it on to your assets after the bankruptcy case is finished
A bankruptcy lawyer guides the debtor in the right legal direction. When handling a bankruptcy case without the help of a lawyer, you can make legal mistakes that might cause another financial burden.
What does the bankruptcy lawyer prepare?
When hiring a bankruptcy lawyer, expect that the professional arranges the following:
- Prepares a written agreement between the debtor and lawyer. It is a contract that includes an overview of the lawyer’s work on your behalf.
- Describe payment arrangements. The lawyer explains the charge is a flat fee or hourly fee.
- Ongoing discussions. You will talk about how the lawyer handles your case.
- Agreement. You will agree on how and how frequently the lawyer updates you about the case.
- List of documents. The lawyer provides a comprehensive list of documents for the filing of bankruptcy cases.
Hiring a good bankruptcy lawyer can help you be on the right track.
Filing for bankruptcy is an important decision. Bankruptcy filing stays on your credit report, depending on the type of bankruptcy. You may consider whether you are hiring a bankruptcy lawyer or just doing it yourself.
Is it wise to get a Chapter 13 lawyer?
Although it is not required to get a bankruptcy lawyer, clients are advised to get one.
A bankruptcy lawyer can help a client receive a Chapter 13 discharged. The bankruptcy case takes a long process like 60 months, but becomes lesser with a lawyer guiding you.
