Tag: Bankruptcy Attorney Long Island

Chapter 7 bankruptcy Long Island

All You Need to Know About Chapter 7 Bankruptcy

Published on by Kenneth HalpernLeave a comment

Chapter 7 bankruptcy filing is the most common and one of the simplest forms of bankruptcy. In this case of filing a bankruptcy case, if the assets of the debtor are not protected by any exemption then those assets can be sold and their net worth is distributed among the creditors. The amount is distributed to the creditors as per the priorities established in the court. In a successful filing of the chapter 7 bankruptcy, you need to hire a debt attorney who has the knowledge of handling your bankruptcy case by paying the right amount of fees which is differently charged by different attorneys.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is widely known as the liquidation or straight bankruptcy. The court appoints a trustee who can identify all the assets of the debtor and sell them to pay to the creditors who claimed their debt in the right manner. In this filing of bankruptcy scenario, the debtor can keep enough assets as an exempt property to do a fresh start.

How to Prepare for Chapter 7 Bankruptcy?

When you are filing for Chapter 7 bankruptcy, then you need to hire and take advice from among the best bankruptcy lawyers in Long Island. A good lawyer can help you with the proper filing for your bankruptcy case in the court. Before that, you need to gather all your financial records such as loan documents, financial statements, pay stubs, etc. This information is essential as the lawyer asks you to use this information to fill out the schedules, bankruptcy petition, statement of financial affairs and other documents that needs to be filed with the court.

Read Also: Advantages of Hiring a Bankruptcy Attorney

The documents that are filed in the court for the case of bankruptcy under chapter 7 include the voluntary petition for relief, declaration regarding debtor’s education, statement of financial affairs and the schedules of assets and liabilities. The main motive of depositing these documents in the court is to open up the debtor’s financial condition. The inclusion of assets, liabilities, creditors, debtors, income, expenses, property transfers, etc is extremely essential.

How to Get Credit Counselings Done for the Case of Bankruptcy?

It is important to go for credit counseling when you file for the bankruptcy case. The advice of an expert bankruptcy attorney Long Island is important before the filing of the case in the court. The applicant can grab the information over the phone, online or by meeting the lawyer in person. It is very important to clarify all the details related to chapter 7 bankruptcy filing to get it done perfectly. The advice of a bankruptcy attorney can help you with certain ways to keep you out of the bankruptcy condition.

A bankruptcy attorney ensures that your bankruptcy filing will go smoothly.

Read Also: Benefits of Hiring a Bankruptcy Lawyer

How to Select a Bankruptcy Lawyer

Why There Is A Need To Hire A Professional Debt Attorney?

Published on by Kenneth HalpernLeave a comment

Professional Debt Attorney

When you are stuck knee-deep in debt, it is the condition that you are not able to pay to your creditors in any way. This situation of yours is known as bankruptcy. This critical situation can arise with any individual or a company. To get rid of this trouble, there is a requisite to hire a professional debt attorney Long Island. It has been seen that the attorneys that are not experienced and are not able to clear off the bankruptcy case of their client put a long term negative effect on the client’s credit score. Therefore, hiring an attorney is not only important but hiring an experienced lawyer for your case is the necessity to get rid of this bankruptcy case.

Why there is a need to hire a professional debt attorney?

Kenneth-Halpern

The importance of hiring a professional debt attorney that has a proven track record of handling your case such as negotiating lower payments for those who are in debt, etc is unmatched. If you are in debt, then the first thing that you can do is to hire a professional and experienced debt attorney Long Island by following proper market research. There are many debt attorneys available to serve your bankruptcy case but hiring a professional is the necessity to win your case. This article helps you in knowing the seriousness of hiring a professional debt attorney.

  • Stop calls from creditors:  Creditors are really annoying and can disturb your peace by keep calling the one who is in debt and who needs to pay them. The situation is quite disturbing as the person in debt needs to face a lot of humiliation and not in a condition to ignore them as well. Thus, hiring a debt attorney is quite helpful in handling this situation. You can learn a lot of ways from your lawyer to handle your creditors or ask your lawyer to handle the annoying creditors. Thus, professional help can stop the appearances of creditors at your front door, phone calls during the day and night, etc.

 

  • Find financial stability in your life:  When you are dealing with the most critical condition of your life in the face of bankruptcy, you are looking for multiple ways to grasp financial stability for you and your family. An experienced lawyer will help you in organizing your finances to get a hold on your priority financial needs. You learn ways to control your unnecessary expenses and to spend on your required payments. A professional lawyer can help you in creating your budget that can sustain your income level.

A professional debt attorney Long Island follows the fair practices and helps the bankrupt in settling the creditors and maintains the required level of income.

Read also:  Best Bankruptcy Lawyer in Long Island

 

Hire the Bankruptcy Lawyer

Tips to Hire the Bankruptcy Lawyer

Published on by Kenneth HalpernLeave a comment

A bankruptcy attorney is a legal professional who will represent you and your case of bankruptcy in court. Thus, it is very important to search and select the best Bankruptcy Attorney in Long Island. But finding and hiring the best one is not an easy task. So, here we are giving you a few tips which can help you in locating the best Bankruptcy Lawyer in Long Island.

Take a look:

  • Tap your network

Before you actually step into the market it is better to look out for references and recommendations from your professional and personal network. This will make your research a bit easy. So, start looking around for them from your network.

  • Ask other legal professionals

Another way to come up with the best names is to seek advice from some other legal professionals. Generally, the ones who have legal professional background have good knowledge about bankruptcy lawyers too. This could be yet another way of starting your hunt.

  • Go to a bankruptcy court

Observing bankruptcy lawyers in action at court could also help you in figuring out some good names. A court is a place where you can get many local attorneys with different specializations. So, make sure to append at least one day in court too.

Once you have completed your research and have finalized the list of few than a few other points of considerations that can help you in finalizing one from them are:

  • Count on their experience and past work record

The first and foremost thing that you need to consider while fixing an appointment with the lawyer is to look at their experience and competence skills. This will help you get an idea of their efficiency and performance.

  • Their availability and communication skills

Another important point that you need to look for is their availability to handle your case. Talk to them openly and clearly, this will help both the parties to know each other in a better way. Ask them about their convenience to fit your needs.

  • Their legal knowledge and services

Prepare a list of questions which can check their proficiency and efficiency. Some of the basic things which you can ask are their certifications, their past work record in handling such cases etc.

  • Don’t forget to consider their fees and charges

Last but not the least; don’t forget to clearly ask them about their charges and fees. Also, don’t forget to get an idea of any tax fees, consultation fees or any other kind of hidden charges.

Read Also:

Tips to Choose a Bankruptcy Lawyer
Benefits of Hiring a Bankruptcy Lawyer
How to Select a Bankruptcy Lawyer?