What Filing Chapter 7 Really Means
We start the discussion with bankruptcy because it is often the first option that consumers consider. Bankruptcy is expensive and has long-lasting effects. There are pros and cons to bankruptcy. If you pass the means test for Chapter 7, you can wipe out all your unsecured debts. This is the major benefit. The biggest drawback is the effect on your credit. If you are overwhelmed with credit card debt, then there are alternatives that may give you better results than bankruptcy.
Getting a new lawyer may not change the results. If something has come up in your case that you don’t like, you may be hoping that a new attorney will be able to get you the results you want. Though you may not like what is happening, it may not be any fault of your best pro bono lawyers near me. For instance, if you are facing a dismissal because plan payments haven’t been made, getting a new attorney won’t get you off the dismissal docket. With that being said, there are behaviors that are under an attorney’s control like not returning phone calls, not coming to important meetings, or making a mistake when filing your case for which an attorney can (and maybe should) be fired.
There are several qualified Fort Worth Bankruptcy Attorneys listed in the Yellow Pages. Pickup a phone book and search through its ads. Larger, more prominent and successful attorneys tend to boast bigger, brighter, flashier type ads. This is not to discredit those attorneys with smaller ads. However, an attorney who takes the time to invest in a little marketing is more likely a professional individual who is serious about business.
A Bankruptcy lawyer will assist you right from the filling up the paper-works to the representation in the court. He is like an efficient tool that can manage your meetings with creditors and assist you to understand the complexities of your case. He is the right person to decide as to which bankruptcy option is appropriate for you.
Once you know your capabilities, it will be easier to select the debt relief plan that you can afford. There is no sense in choosing a plan that you cannot afford to pay because that will be doomed to fail from the very beginning. You want to choose a solution that you know you are financially able to see through until the completion of your debt payments.
Chapter 7 – The court appoints a trustee for a debtor who has filed a petition under this bankruptcy chapter. This option is also called ‘liquidation of assets’ as this trustee liquidates some of the debtor’s assets to pay off the creditors. A debtor gets to keep his exempt property, if any.
Do not pick out a bankruptcy lawyer at the last minute. Be sure to do some advance planning and research. Otherwise, if you pick a lawyer at the last minute you could end up with a lawyer who is not experienced in the area you need or whom you do not feel comfortable working with.
