There may
arise certain circumstances when you feel totally stressed out with the
problems related to some financial or legal matters. At that very point of time
it becomes necessary to consult one of the experienced Chapter 7 bankruptcy lawyer to shed off the tensions and begin with
a fresh start.
Chapter 7
is less expensive as compared to the other chapters of title 11, United States.
The main aim of this chapter is to make the individual or any company free from
the burden of debts on the creditors by paying off the non-exempt resources to
the trustee or legal guardian who then converts it into the cash to be paid to
the creditor.
Bankruptcy
lawyer has years of experience in the field of law so no one else better than
him can decide what is good and bad for us. You need to go through a means test
which is conducted to check your eligibility test for liquidation bankruptcy
under chapter 7 for counseling your credits. From this test, lawyer comes to
know whether you have enough funds and assets to pay the creditors or not. And then according to this he is able to give
his opinion whether filing chapter 7 is going to prove beneficial or not.
A proper
guidance from a lawyer helps you to get discharge from court within 3 to 4
months with proper documentation and beginning of a new life.
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