Bankruptcy application
- Author Brian Joneta
- Published July 29, 2010
- Word count 369
The process of considering the bankruptcy application by the court involves some tedious procedures. For example, application can be made under Chapter 7 or Chapter 13. In some cases, individuals can file application under Chapter 7 also. All these involve thorough law governing the bankruptcy.
Procedure for filing application:
An individual would find it difficult to cope with the legal formalities involved in such cases. On the top of it, in the year 2005 the bankruptcy law has been amended. The revised law has some stringent clauses and procedures which are required to be followed. So, only a person who has knowledge of the law and the legal procedure would be the most appropriate person to take up such cases. Here comes the need for appointing an attorney. There are attorneys who are specialized in bankruptcy law. So it is advisable to hire the services of the ‘Bankruptcy attorney’.
Bankruptcy attorney:
Being specialized in the bankruptcy law, the attorney will be able to guide the client properly. It is a ladder to be climbed step by step. He would ensure that every procedure is properly followed and appropriate documents are furnished so that the applicant is not put to hardship under any circumstances. Of course he would charge consultation or professional charges for the services he has rendered.
Some people feel that the professional charges would further burden them because they are already debt ridden. But this does not seem to be logical thinking because the individual will not be conversant with the law and if he approaches the court directly, he may not get the desired remedy. So it is wise to engage the attorney and his professional charges may not be a burden; considering the relief he gets from the court. Therefore, taking in view the long term benefit the applicant would get, it is always appropriate that the applicant should hire an attorney.
A word of caution!
Before engaging the attorney, discuss the matter thoroughly with the attorney including that of his professional charges and the mode of payment and the payment schedule. Normally the attorney would prefer the applicant to enter into an agreement with him. In such cases, carefully read the terms and conditions before signing the agreement.
Brian Joneta also writes about Bankruptcy and Credit issues including Declaring Personal Bankruptcy and Bankruptcy Law
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How can a runner get the best pair of running shoes for them?
- What are the future prospects for the treatment of obesity?
- Key factors why eBay sales could drop
- Grain Flow-Optimised Forgings for Maximum Stability
- How EasyPDF™ Forms Save Time & Money at Home and in the Workplace
- The Most Preferred Payment Methods in Latin America for 2024: Trends and Regional Insights
- Regardless of What You Believe or Have Been Told, Desktop/Laptop Computers Are Not Going the Way of the Dinosaur
- The One and Only 15-Second Digital Lien Waiver to Complete and Submit in Record Time Using the Free Adobe Reader
- Augmented Reality (AR) in Business: Why Your Company Needs It
- What is a Chauffeur Service? Unwind and Arrive in Style (www.chauffeur.my)
- Tuozhen: Your Go-To Custom Hoodie Manufacturer
- What can tourists do in the Caribbean?
- The Unseen Impacts of Financial Noncompliance on Business Growth
- Top 10 Reasons to Use Business Central’s License Plating App
- Exploring BCShows: A Comprehensive B2B Industry Platform
- A Luxury African Safari Or A Caribbean Beach Holiday
- What might be able to be done for osteoarthritis in the future?
- App Development: Transforming Ideas into Reality
- Why is the study of history is critical?
- Navigating Europe with Confidence: Logistics Solutions from Barcelona and Cluj-Napoca
- Taking a Well-Deserved Break: An Introduction to London Respite Care
- Discover the Convenience of Chauffeur Services in Kuala Lumpur, Malaysia
- Fall Holiday Fashion Trends: The Kaftan and Kimono Dress Revival
- Vintage Bohemian Charm: Creating a Home Office Retreat
- Embrace the Maximalist Decor : Unleash Your Boldest Dreams
- The Impact of 3D Animation in Business: Enhancing Visual Communication and Marketing Strategies
- Check Out These 6 Tips For A Great Day Hike!
- Steady Slope Marketing: Launching Your Small Business with Google My Business and Digital Marketing
- Steady Slope Marketing: Boost Your Business with Targeted Facebook Ads
- Steady Slope Marketing: Building Strong Brands for Lasting Success