Chapter 7 and Chapter 13 are great forms of relief under the Bankruptcy Code states a Vernon Hills bankruptcy attorney. Chapter 7 is the more common chapter. Chapter 7 allows someone with very little in the way of assets but plenty in terms of unsecured debt to get a complete fresh start once every eight years. Chapter 13, on the other hand, is a great way for someone to save a home that’s in foreclosure by being allowed to repay the mortgage arrears and the regular mortgage payment again over the next three to five years. Chapter 13 also allows an individual to repay debt that could not be eliminated in a Chapter 7 such as student loans, recent taxes, parking tickets, child support, alimony, maintenance, and other types of non-dischargeable debt. Under either chapter of the Bankruptcy Code, I recommend that you hire a competent, seasoned, experienced, skilled bankruptcy lawyer to assist you.
Chapter 7 used to be a case where someone could file by themselves which is known as pro se. Under the current bankruptcy law I do not recommend that anybody try to file on their own. It’s always best to have an attorney who practices bankruptcy law on a daily basis and who knows the ins and outs of the bankruptcy field and all of the players involved. If someone is going to try and file a Chapter 13 bankruptcy case, I strongly suggest that you find a Chapter 13 bankruptcy lawyer. Chapter 13 bankruptcy attorneys are out there, you just have to seek them out.
Many attorneys will file a Chapter 7, however not every attorney will file a Chapter 13 bankruptcy. You can find qualified bankruptcy attorneys through websites such as the American Bankruptcy Institute which is www.abiworld.org and find a qualified bankruptcy attorney in your local area. You could also try the National Association of Consumer Bankruptcy Attorneys website and try and find a local bankruptcy attorney who can help you. Most bankruptcy attorneys will offer a free initial consultation. I do not recommend that you pay anyone for your first visit. There are plenty of qualified bankruptcy attorneys who are willing to offer a free initial consultation to see if you qualify to file bankruptcy.
And if you do, the attorney will explain to you how everything works. There is no reason to pay a fee before you know whether or not you can file. You as a debtor are just looking for information. An attorney should be gracious enough to provide that information. If you decide to engage the services of an attorney, make sure that there’s a written contract signed by the attorney spelling out what the price is, what the court costs are, and what each party’s responsibilities are vis-à-vis the bankruptcy process.