Share post
Share
Debt Consolidation Forums Bankruptcy Chapter 7 and Chapter 13 forums

How will I choose the right bankruptcy chapter?

Date: Mon, 05/06/2019 00:12
member profile picture
Posts: 1
Credits: 0
[Donate]

How will I choose the right bankruptcy chapter? Is it mandatory to take help of a lawyer or does it go like this - I decide and then take help of a lawyer?




No. It doesn't work like that. You have to consult the lawyer, explain your entire financial situation, and submit all the papers. The lawyer will tell you which chapter of bankruptcy is suitable for you. If you have too many non-exempt assets, then probably he will recommend Chapter 7 bankruptcy to you. It's not mandatory to get help from a lawyer. But it's better to consult a lawyer since the bankruptcy rules are quite complex.

Sub: #1 posted on Mon, 05/06/2019 - 20:59

David Martin David Martin

(Posts: 203 | Credits: )

Yes, you have to seek help from a lawyer. The bankruptcy is complicated subject.

Sub: #2 posted on Fri, 05/10/2019 - 06:39

sanderspatricia29 sanderspatricia29

(Posts: 1129 | Credits: )

It will depend on your financial situation, your assets, liabilities, and your affordability. Your attorney will suggest you which chapter of bankruptcy is best for you. It's not mandatory to get help from an attorney, but it might be beneficial if you do so.

Sub: #3 posted on Mon, 05/13/2019 - 00:05

Barbara Delinsky Barbara Delinsky

(Posts: 429 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.996 seconds.