Deciding to file for bankruptcy is never an easy choice to make. You must first weigh the pros and cons, and determine what type of bankruptcy you can file.
There are two major ways to file bankruptcy and you should know that it is not an easy process. You can do it on your own if you understand the laws and the two different types of bankruptcy you can file. First there is chapter 7; chapter 7 bankruptcy is the conversion of assets into money. This allows you to payoff debts quickly. With chapter 7 bankruptcy you sell your assets to pay your creditors and within a few months you have charge offs on your credit. Always ask your bankruptcy attorney in St. Louis, MO before you file any major paperwork.
Chapter 13 is the next method used to file bankruptcy in the United States. Chapter 13 is the repayment plan with little or no interest. This means that you file chapter 13 with the courts, then all of your debts are compiled and you are set up on a repayment of those debts to take place each month until it is paid off. This is the advised way to go if you have a steady job but just cannot make all your monthly payments.
When considering both of these options you may be overwhelmed by what is best for you and your situation. The best advice is to seek out legal council that can assist you in determining which type of bankruptcy you should file as well as help you with filing the papers with the courts.
When it comes to choosing an attorney to represent you in your bankruptcy case you want to ask some important questions to aid you in your decision. Do not consider fees and payment prices alone, as you should focus on other factors that are just as important if not more important.
Important Questions To Ask
Ask each attorney you speak with how long they have been in practice and what level is their experience as an attorney. Ask for the attorney’s qualifications and what areas they specialize in. Asking about fees and payments is also needed for your choice in choosing your bankruptcy attorney. Also ask yourself some questions. Questions such as does the attorney seem competent? Is his office staff organized and punctual? If you are able ask some questions about the attorneys client relationships. Law does prohibit an attorney from speaking about clients unless he has been given the permission from the client. These questions can allow you to make a solid choice on who will represent you.
Comfort And Confidence
When meeting with your attorney does he or she seem to be considerate of your concerns? Do you feel comfortable speaking to your attorney about all aspects of your bankruptcy decision? Do you personally feel confident that your attorney will be able to perform all his or her duties in your bankruptcy case? If you feel discomfort of any kind you may want to continue reviewing possible attorneys for your case. You have to feel safe enough to put your financial concerns in the hands of your attorney. This will allow the process of bankruptcy to be much less uncomfortable and to proceed much more fluidly for a positive experience.
For people who have had to consider bankruptcy, they will eventually have to go to a United States bankruptcy court. The people’s attorney will be there with their client and that takes away most of the fear involved with the court. When people go to the United States bankruptcy court, they are not alone with their attorney.
There will be several other attorneys with their clients. There always seems to be safety in numbers and there will be other people doing the same thing that others are doing. The person’s attorney will tell them how to dress, what to say, and how to act. This is important because the judge is paying close attention to the peoples all around appearance.
Without the attorney being present it might attract the judge’s eye because the person may wear something that looks expensive or they may say something that a judge might pick up on. There are people that will represent themselves in United States bankruptcy court and it is allowable to do so but it isn’t really recommended for people to handle it by themselves so definitely call a bankruptcy attorney in St. Louis, MO. The court is just another room with the judge and attorneys to do business in.
Most people will stress out just knowing that they have to be there, but with adequate counsel from an attorney, people have nothing to worry about. United States Bankruptcy Court Questions When people show up for United States bankruptcy court, their attorney should quickly sit down with them and review all of the information pertinent to the court. The attorney will go over the possible questions that they may be asked and how to answer the judge with proper decorum.
One question that the judge may ask people is if they understand why they are in the United States bankruptcy court. The attorney will brief their client to answer with yes and to not ramble on. The last thing someone should do is to keep talking after answering the judge’s question.
Another question that a United States bankruptcy court judge might ask is if this is the persons first time to file bankruptcy or not. If people have filed before and this is not the first time in front of a bankruptcy court, the judge will want to know when the person last filed for protection. As long as the allotted time has passed between filings, the proceeding can continue.