Bankruptcy is a legal process that involves petitioning the federal bankruptcy court for relief from your debts. It’s best to have a lawyer help you get it done right if you decide to file.
Bankruptcy requires a lot of paperwork. The petition is the main requirement, but it’s not the only one. Almost all bankruptcy forms are written in legal language that can be difficult for a layperson to understand. A Pasco County bankruptcy attorney can help you file.
One of the earliest steps to file for bankruptcy is the means test. The means test assesses income, debt, and other factors and determines whether you qualify for Chapter 7 or Chapter 13 bankruptcy. There are pros and cons for both that vary based on your circumstances. A Pasco County bankruptcy attorney helps you determine which one to enter.
Next is the petition. This information shows the court that your debts are overwhelming you and that you wish to receive a discharge or establish a payment plan. It includes a lot of information and needs to be flawless or you put your bankruptcy case at risk of dismissal. By having a bankruptcy lawyer help you with all of this it minimizes the risk of mistakes and reduces the chances of you being denied debt discharge.
Additionally, when you file for bankruptcy, you’ll be required to participate in credit education programs, attend a meeting with your creditors, and submit a variety of information to the court. A bankruptcy attorney can help you with this and provide information about restoring your credit once your bankruptcy is complete. A bankruptcy attorney in Pasco County is one of your greatest assets if you are struggling financially and looking to resolve your problems.
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