The anticipation of eviction can be difficult and overwhelming. You could end up putting yourself in an unnecessary financial and legal bind in attempts to keep your home. But before you take any drastic action, consider talking to a bankruptcy lawyer about the situation. You’ll be surprised to learn that you actually have practical solutions to your problem. Here are five ways a bankruptcy lawyer can help you in this situation.…
Read More »When you pursue bankruptcy, you will have to decide what sort of case you will pursue. There are two options, liquidation and restructuring. Each has its strengths and weaknesses, so a bankruptcy lawyer will want you to understand both so you can exercise the right option for you. Liquidation vs. Restructuring Liquidation refers almost exclusively to the Chapter 7 process. It is available to both individuals and businesses. The idea is that the court will liquidate your non-exempt assets, meaning a court-appointed trustee will sell non-essential items and use the proceeds to pay your creditors.…
Read More »Filing for bankruptcy isn’t as easy as most people think. There are certain laws and regulations to follow, and one shouldn’t make any accidental or innocent errors that may hurt their bankruptcy case further. One of the best solutions you can consider when filing for liquidation is getting a bankruptcy lawyer. These pros understand the ins and outs of bankruptcy law and will ensure the process is handled smoothly, regardless of the circumstances.…
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