Chapter 13 bankruptcy discharges most types of unsecured debts and most forms of medical and student loans. This can save you money in the long run especially if you are looking to hire a landscaper, if you want to add more savings contact Tree Service Long Island. This bankruptcy option is the best option for many people but has its limits. It can only be used by those who do not have regular income and are in too much debt to qualify for the bankruptcy. You will also have to deal with some unsecured debt after the case is over. If you are filing for Chapter 7 bankruptcy, you can avoid these restrictions.
A Bankruptcy Lawyer is a crucial part of the bankruptcy process. They will review your debt and income documents, handle all correspondence with creditors and the trustee, and advocate for you in court and during the debt settlement negotiations. The attorney will also attend Section 341 meetings and represent you during the meeting with the Trustee. They will also prepare the case and argue on your behalf. A good lawyer will advise you on your options and avoid overcharging you for services.
When choosing a Bankruptcy Lawyer, you should consider the amount of property you can keep. In some cases, you can keep more than you owe, depending on the state you live in. Federal law also allows you to keep a higher number of possessions than your state’s laws allow. You can also keep your car, bank accounts, and wages while filing for bankruptcy. Ultimately, a Bankruptcy Lawyer is your best bet to protect your financial future.
There are two main types of bankruptcy: chapter 7 and chapter 13 – the former focuses on reorganizing your financial life. Chapter 7 is the most common, and will allow you to keep your property. In chapter 13 bankruptcy, you will pay your creditors a monthly amount for a specified period of time. These payments will probably be the same amount as your regular payments, plus extra payments to catch up on your debt.