Law Firm News
Today's Legal News/b> Bookmark This Website
Bankruptcy is Just Filling Out Some Forms, Right?
Legal Court Feed | 2021/06/22 14:27
Nothing could be further from the truth! My job as a Bankruptcy Attorney is to help clients understand the process, and how to navigate all of the complexities of Bankruptcy Law. My job is also to educate the public about common misconceptions of the Bankruptcy Process, and how it works. You may think, well, if the client is broke, how can they afford to hire a lawyer? That is a legitimate question. But, in reality, if you are having financial troubles, as a business owner, or as a consumer, you can’t afford NOT to hire an attorney. Many people might do a google search “how to file Bankruptcy”, and get some results, and with a bit of hunting, find some forms to fill out. What are the forms exactly? When a person or business files for Bankruptcy Protection, they are required to file a “Petition for Bankruptcy Relief”. They are literally asking the Court for Relief from their Creditors (companies they owe). Even if you think your case is simple, what you don’t know can hurt you. When you Petition the Court for Relief, you are required to tell the Court in the Forms all about your financial life. The Petition asks you to list everything in the world that they own (Yes, the world!). So, if you own a timeshare in Florida, that goes on the list. If you own a plot of land in Europe, that goes on the list too! And, you have to list what you own such as cars and valuable items in your house. You also have to list EVERYONE YOU OWE. Every company, every person, no exceptions! These are just some examples. There are approximately 60 pages of questions that every person or business owner has to answer UNDER THE PENALTY OF PERJURY. Full, accurate disclosure is the only way you can get relief from the Court. And how you disclose everything on the Petition is very important! This means that if anything is left off, you could be denied your Bankruptcy Discharge (completion document) or worse, be sentenced to Prison for Bankruptcy Fraud.


[PREV] [1] ..[351][352][353][354][355][356][357][358][359].. [2416] [NEXT]
All
Lawyer News Press
Attorney Press Release
Law Firm Information
Legal Court Feed
Lawyer News Source
Current Legal Issues
Attorney Blogs
Recent Law Insight
Updated Court News
US completes deportation of ..
International Criminal Court..
What’s next for birthright ..
Court to hear appeal from Ch..
Judge asks if troops in Los ..
Judge blocks plan to allow i..
Getty Images and Stability A..
Supreme Court makes it easie..
Trump formally asks Congress..
World financial markets welc..
Cuban exiles were shielded f..
Arizona prosecutors ordered ..
What to know about the Supre..
Trump Seeks Supreme Court Ap..
Budget airline begins deport..


   Lawyer & Law Firm Links
   Law Firm Blog Links
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
San Francisco Family Law Lawyer
San Jose Family Law Lawyer
www.onulawfirm.com
 
 
© www.lawfirmseo101.com. All rights reserved.

The legal content posted on this web site has been prepared by Law Firm Seo as a service to the legal news community and is not intended to replace legal advice or substitute for professional legal consultation with a licensed lawyer or attorney in any particular case or circumstance. Law Firm SEO postings and comments are available for legal educational purposes only and should not be used to analyze any specific legal situation.

Personal Injury Lawyer Web Design