If you are searching for a fresh financial start and the most viable option you have is to file for bankruptcy, the need to seek reliable legal counsel before filing should not be underestimated. A competent attorney could help you choose the right chapters to file under. He or she would also ensure that your case has the best possible outcome. If you need to hire a bankruptcy lawyer Snellville GA is a good place to start your hunt for top rated experts.
Before hiring any attorney, you must meet for initial consultation. This will provide an opportunity for you to determine whether the services of a specific specialist are ideal for your particular situation. For you to make the most of the meeting there are several important questions that you need to bring up.
It remains imperative for you to find out whether you are eligible for filing under Chapter 7. This chapter can eliminate your unsecured debts and you will no longer be legally obligated to settle the debts of certain creditors. You, however, need to pass a means test for you to be eligible for this type of bankruptcy. A competent lawyer can make an accurate assessment of your income and determine whether you are qualified or not.
Then again, it is important to find out whether you have non-exempt assets. There are instances where filing for Chapter 7 would require you to give up specific assets with the intention of paying some of your debts. In your state, there are assets that fall under the exempt and non-exempt category. It remains important to go over this list and get to know about the possessions that are may be seized if you proceed to file for Chapter 7 bankruptcy.
In case you do own non-exempt possessions, the next question to ask is the options you have when dealing with these assets. You want your attorney to help you create a plan for legally managing these possessions. Among the options you have is to create an asset protection trust or to decrease equity in your possessions.
Another question you need to ask is if making preferential payments will stir any trouble. There are debtors who find it easier to manage outstanding financial requirements by making a few preferential payments. This is often a good arrangement, though it would result in some creditors getting their full pay before others getting a penny.
In case you have debts that you wish to first settle in full, you want to ensure that your steps are well calculated. This is because the creditors you pay may end up getting sued. It is hence in your best interests to find out whether making preferential payments could end up being a problem during your bankruptcy.
Finally, ask whether your financial history has fraudulent transfers. This can refer to monies raised to pay off debts and it is yet to be received and spent or even personal items that you sold off at throw away prices. Because fraudulent transfers can jeopardize the outcome of your case, you want to know about them before you file.
Before hiring any attorney, you must meet for initial consultation. This will provide an opportunity for you to determine whether the services of a specific specialist are ideal for your particular situation. For you to make the most of the meeting there are several important questions that you need to bring up.
It remains imperative for you to find out whether you are eligible for filing under Chapter 7. This chapter can eliminate your unsecured debts and you will no longer be legally obligated to settle the debts of certain creditors. You, however, need to pass a means test for you to be eligible for this type of bankruptcy. A competent lawyer can make an accurate assessment of your income and determine whether you are qualified or not.
Then again, it is important to find out whether you have non-exempt assets. There are instances where filing for Chapter 7 would require you to give up specific assets with the intention of paying some of your debts. In your state, there are assets that fall under the exempt and non-exempt category. It remains important to go over this list and get to know about the possessions that are may be seized if you proceed to file for Chapter 7 bankruptcy.
In case you do own non-exempt possessions, the next question to ask is the options you have when dealing with these assets. You want your attorney to help you create a plan for legally managing these possessions. Among the options you have is to create an asset protection trust or to decrease equity in your possessions.
Another question you need to ask is if making preferential payments will stir any trouble. There are debtors who find it easier to manage outstanding financial requirements by making a few preferential payments. This is often a good arrangement, though it would result in some creditors getting their full pay before others getting a penny.
In case you have debts that you wish to first settle in full, you want to ensure that your steps are well calculated. This is because the creditors you pay may end up getting sued. It is hence in your best interests to find out whether making preferential payments could end up being a problem during your bankruptcy.
Finally, ask whether your financial history has fraudulent transfers. This can refer to monies raised to pay off debts and it is yet to be received and spent or even personal items that you sold off at throw away prices. Because fraudulent transfers can jeopardize the outcome of your case, you want to know about them before you file.
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If you are looking for information about a bankruptcy lawyer Snellville GA residents can come to our web pages online today. More details are available at http://www.ajmitchlaw.com/attorney now.
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