If you have ever had to attend court in order to prove your innocence, you know how much your appearance and attitude can impact the proceedings. Unfortunately, all too many people misinterpret how they should dress and what they should do in court, which is why I decided to make this blog. This website is all about creating a great impression in court and understanding how to present yourself to the judge and jury. After all, you might be trying to defend your innocence to avoid potential jail time. Check out this blog for great tips that could help you to protect your freedom.
Some applicants fail to qualify for bankruptcy simply by filing the wrong chapter. This underlines the importance of understanding the difference between various chapters before declaring bankruptcy. Fortunately, a bankruptcy attorney can advise you on everything you need to know about bankruptcy. This includes the characteristics discussed below that make chapter 13 a suitable option for people who owe large amounts of money. These facts will help you understand whether this chapter can help you overcome your financial woes. If it proves prudent, your attorney can then assist you in filing for bankruptcy to get the financial relief you need.
Distinguishing Characteristics of Chapter 13
There are several reasons why your attorney may want you to consider chapter 13 bankruptcy. For instance, the chapter helps make your debt repayment more manageable because the court will streamline all your debts into a monthly payment plan. Under this arrangement, you make payments of the agreed amount for a specified period. Then, the court discharges your remaining debts at the end of this duration. This will enable you to have a fresh start without worrying about debt collection threats in the future.
Another reason why you may choose chapter 13 is that you do not lose your property even after declaring bankruptcy. This is usually one of the biggest concerns for bankruptcy applicants. They worry that they will lose their belongings by filing for bankruptcy, so they hide or gift their family members with some of their expensive assets. This big mistake can get you in trouble with the authorities and make you fail to qualify for bankruptcy. As such, you should not try to hide assets but, instead, work with a bankruptcy attorney so that they can help you to protect your belongings when you file for chapter 13.
When to Consider Chapter 13
There is a temptation to wait until the financial situation worsens before taking action. Unfortunately, those who do this will likely lose property to any debtors who move to court and obtain orders to acquire property to recover their debt. This is why you should not wait until your debt becomes unmanageable. Instead, consider filing bankruptcy as soon as you cannot make the necessary payments. Doing so will enable you to stop your debtors from acquiring your property. In any case, working with a lawyer is prudent so that they can help facilitate an efficient process. This will prevent your debtors from getting a right to acquire your property before you can complete the bankruptcy process.
There are many reasons why you may have accrued debt that might have become unmanageable at some point. If this is the case, contact a bankruptcy lawyer as soon as possible so that they can help you file for bankruptcy.
To learn more, contact a bankruptcy attorney.
Share3 November 2022