Chapter 7 bankruptcy lawsuit is also known as liquidation bankruptcy. It is the standard type of bankruptcy that people generally file for. According to statistics, approximately 261,277 people filed for Chapter 7 bankruptcy last year. It is no surprise to us. It provides you with debt relief without requiring an extensive repayment plan, which Chapter 7 bankruptcy generally deals with.
Another reason is that most people ultimately receive a discharge. As long as you are eligible and go through the process, you have a great chance of walking out of it debt-free. How simple is this process? Not very much. This is why most filers hire a specialist Chapter 7 bankruptcy lawyer in Orange County.
There exists plenty of evidence proving that people who file with the help of a Chapter 7 bankruptcy lawyer have a better chance of receiving a discharge than those who don’t. To aid you in hiring the right attorney for your case, here is a rundown on what exactly to consider and what you should ask for.
Are They A Specialist Chapter 7 Bankruptcy Lawyer?
At Debt Assistance Law Firm, filing for Chapter 7 bankruptcy is a significant decision with everlasting financial consequences. As a result, you should never settle for a general practitioner. Sure, interpretations of the law are constant across the board, but hiring a specialist lawyer for Chapter 7 comes with certain advantages. You can always count on them to stay informed about the latest rulings from various courts. They will always know how these rules apply to all kinds of unique cases.
How Much Experience Do They Have?
Our bankruptcy attorney from DALF possesses extensive experience, giving you a high chance of receiving a discharge. Furthermore, by experience, we mean two things. First, the number of cases they have already handled, and secondly, the complexity of those cases.
Chapter 7 lawyers who have already been around the block can navigate through an otherwise complicated and difficult bankruptcy process. They do know precisely what you really have to submit, when to submit, and how to speak exactly with creditors. They never waste time trying to figure things out. For you, this means peace of mind and a faster process.
What Are Their Credentials?
A Chapter 7 lawyer’s credentials can help you gauge their expertise in the field. It is always a good idea to verify your bar memberships or certifications that show your expertise in bankruptcy law.
One example is that they are a part of the National Association of Consumer Bankruptcy Attorneys.
Our experts stay current with relevant court rulings in Chapter 7 bankruptcy cases. Another sign of an attorney’s expertise is that they have published articles on the topic and regularly attend and speak at bankruptcy conferences.
Why You Need a Chapter 7 Bankruptcy Lawyer
Are you still unsure whether to hire a Chapter 7 lawyer? Let’s go over some of the reasons that you need one:
They Talk To Creditors On Your Behalf
Once you file a bankruptcy petition, the court will grant an automatic stay that protects you from creditors and stops them from collecting on debts.
Still, these parties can challenge your Chapter 7 bankruptcy petition, and having to speak with them can always be pretty overwhelming.
Since our experienced Chapter 7 bankruptcy lawyer in Orange County is thoroughly familiar with the law, they are more confident when speaking to creditors.
No More Mistakes
Chapter 7 bankruptcy may be cheaper, but it’s not easy. Besides your average bankruptcy petition, you will need to file a lot of paperwork, including documents, records, and forms. You must fill out these forms accurately and submit them on time. Furthermore, errors, omissions, and missed deadlines can lead to delays and extra costs, which may even result in the court dismissing your petition altogether. Here, a bankruptcy chapter 7 lawyer can review your paperwork, check for mistakes, and make sure that you are not missing out on any further deadlines.
Protection of Assets
Under Chapter 7 bankruptcy, your nonexempt assets are sold to pay off certain debts. Bankruptcy exemptions allow you to retain certain belongings, such as your car and primary residence. An experienced Chapter 7 bankruptcy attorney will possess extensive knowledge about your state’s exemption laws and can help you take advantage of them.
With their help, your assets will be accurately valued, allowing you to retain a greater portion of your property.
Bottom Line
Furthermore, filing for Chapter 7 bankruptcy is hard enough as it is. The last thing you should do is to go through the process alone. Getting help from a specialist lawyer for Chapter 7 means that you won’t be making any kind of costly mistakes. This happens because our experts will represent you in meetings, review your paperwork, and walk you through your state’s exemptions.
They also want to talk to creditors on your behalf while you focus on getting back on your feet. To choose the right Chapter 7 bankruptcy lawyer, you should verify that they have relevant experience, the necessary credentials, and a solid reputation.