Archive

Posts Tagged ‘Bankruptcy Articles’

Hire A Lawyer – Find An Attorney Who Would Best Suit You

August 14th, 2018 Comments off

Not all of us require a lawyer. This is what all of us think! However, today it is not the case anymore. The social situation is such that you need someone to represent you and to fight on your behalf against the legal systems which is becoming more and more complicated day by day. We need someone to decipher the law which we cannot understand anymore. This pushes everyone whether like it or not to hunt and find an attorney who will represent you and your interests, a lawyer who will not just try to swindle your hard earned money but will stand by you during the time of need. Sadly, it is not easy to find an attorney who will give you good counsel keeping only your best interests in mind.

Before you find an attorney you must know in what way you would like him or her to support you. The legal system has become an elaborate nightmare and not all of them can handle all the areas. So there are attorneys who specialize in specific areas. Only when you define his or her role in supporting you, you will be able to start the hunt for the right lawyer.

One of the best ways of to find an attorney for your need is to use the traditional word of mouth advertisement. Start telling your friends and colleagues whom you can trust about your need. You will be on the safer side to get a lawyer to work with you by personal referrals your friends or acquaintances will give you.

Whenever you get a chance to meet a lawyer in any business meeting or party, make sure that you get his or her business card. This would certainly be useful some day even if not immediately. When you have a need, you need not kill yourself to find an attorney but just find the right card and call the lawyer immediately. This would be much simpler and quick too.

You can easily find an attorney if you should be visiting churches regularly. This can be a very good interacting platform as many people join together in one place. You can find the lawyer yourself or can also check with the clergymen. Getting references from the clergymen would also assure about the reputation of the lawyer.

When one of your friends or acquaintances do refer a lawyer and when you get to meet him or her make sure that you still assess their credentials and reputation. When you find an attorney who will listen to you and advise on a suitable course of action. If you really do not have a case that you can fight and win then your attorney should be able to tell you the truth and advise you on alternative ways of resolving the issue.

You can also find an attorney through online directories. You will be able to get information about a number of good lawyers who focus on specific areas of law through these directories. It will be rather easier to find an appropriate lawyer who will be suitable for your need.

If you want to find an attorney, you should first make a survey and short list lawyers without stopping with one lawyer. Based on their credentials and experience you can find an attorney who would best suit you. You can opt to find an attorney who works for a law firm or who has his own office. But before selecting a lawyer who functions independently, make sure to pay attention to his experience and capability.

About the Author:

Do You Understand Chapter 13?

July 24th, 2018 Comments off

The global financial crisis was a downturn of such unprecedented scale that many Americans were caught completely unawares and far from prepared. Without easy credit available many Americans found that their liabilities and expenses far outweighed their ability to pay for them. The number of bankruptcies filed increased dramatically due to the tightening of credit markets.

Many people considering filing for bankruptcy think of the more traditional Chapter 7 bankruptcy procedure first. This typically involves the wholesale liquidation of the petitioners assets, although there are some items that are exempt. Most unsecured debts, like credit card debt and medical bills, are discharged. Today, the United States Trustee who oversees Chapter 7 bankruptcies also imposes a strict means test, which may deny Chapter 7 relief to persons making enough money that the bankruptcy claim appears to be abusive.

However, there is an alternative to Chapter 7 bankruptcy available, Chapter 13 bankruptcy. Chapter 13 bankruptcy is also known as reorganization bankruptcy because it involves reorganizing the debtors finances in such a way as to allow eventual repayment. The Chapter 13 option is useful for people that have nonexempt assets that they wish to keep (assets that would be liquidated under Chapter 7) or people that have a predictable income and can technically pay off their debt if it is adequately restructured. Importantly, Chapter 13 also extends special protection to third parties that may be liable for debts, such as a co-signer or spouse. Unlike a Chapter 7 liquidation that discharges debt within a few months, Chapter 13 filings lead to the creation of a Chapter 13 reorganization plan that remains in effect for three to five years.

There are certain restrictions that come into play when considering a Chapter 13 petition because it is a reorganization of finances rather than a discharge of debts. To be eligible a debtor must be able to demonstrate a reliable income that will be steady for the duration of the reorganization plan. Once a steady income is proven, then living expenses are subtracted and if there is money remaining to make significant payments the petitioner will qualify. However, any unsecured debts over $336,900 and secured debts over $1,020,650 will disqualify a petitioner.

Along with the above restrictions, stockbrokers and commodity brokers are not permitted to petition for Chapter 13 protection, for business or personal finances. However, most people will qualify in spite of the basic restrictions involved.

Because the filing process for a Chapter 13 is so complicated, the filer needs the help of a professional to make sure paperwork is correct and complete. Because it is a bankruptcy a fee will generally be required up front before the professional accepts the job and it is important to begin the filing process before the situation is too dire. A Chapter 13 bankruptcy can be a good solution for professionals and others with a solid income; self-discipline is absolutely necessary to make the reorganization work the way it should.

Wendy Polisi is the founder of Credit Repair College and Finance the Dream. Credit Repair College empowers people to take control of their financial future by learning everything they need to know to repair credit on their own. For more information on credit repair please visit them on the web. Finance the Dream offers lease options throughout the United States.

Discover What Types Of Attorneys Offer Their Services

June 22nd, 2018 Comments off

Law is a very extensive subject and one which few people actually understand very well. There are many different types of law is which perform different sorts of services and you will probably want to learn about this if you are interested in hiring the services of a lawyers and finding the right organisation.

This article will introduce some are the basic services that various legal firms offer. Being such an extensive subject, each of these different services are very different but they all come into the category of law, something which is used in all sorts of everyday situations.

For a start, becoming increasingly common in Western Europe and the United States, compensation lawyers offer all sorts of services with regards to compensation claims. If for example you have been a victim of an accident which was not your fault, especially with regards to things such as greys medical negligence, you will probably want to hire the services of lawyers.

In these cases, you will likely be able to sue somebody and have a good chance of winning the case. However, in order not to lose a whole lot of money in doing so, you are best off looking for a legal firm which has a no win no fee basis. This way you have nothing to lose and everything to win. Also causes the lawyer’s vested interest to win.

Again, closely related is a car accident lawyer who will help you get through any problems related to car accidents or any hit and run incidents. This way you can receive fairer treatment and also be able to get exactly what you need including any compensation relevant.

The most common sort of lawyers that you can find today are criminal lawyers of course. Since everyone has the right to a defence once they have been accused of crime and have to stand up in court, criminal lawyers are always in high demand. It is a very difficult job and one which requires many years of training and university degrees.

The most common type of legal practitioners are criminal lawyers and these are people who defend people accused of various crimes, something which everyone in this country has a right to do. All defendants, regardless of the crime that they have been accused of, have the right to a criminal lawyer.

There are many other types of lawyers, such as tax lawyers, divorce lawyers and many other things. You can also get employment lawyers if you have an issue with your employer for example. Either way, you will find that lawyers perform a wide variety of services.

Dawn Enstruthe is the author on UCD Law Review which has info on low cost DUI lawyers in San Jose and cheap San Jose divorce attorneys.

How To Get Back Up From A Bankruptcy

March 25th, 2018 Comments off

Bankruptcies can hang on your credit report for up to 10 years and can butcher your credit score by hundreds of points. But by using these tactics, you could improve your credit score and become creditworthy several years before the bankruptcy drops off your credit report.

Patching up your credit score after a bankruptcy is far from being easy. “Filing bankruptcy is supposed to be a fresh start,” says Stephen Snyder, credit expert and author of “Credit after Bankruptcy.”

After a bankruptcy discharge, make sure your credit report is correct. After all, your goal is to increase your credit score hastily, and inaccurate information will only draw out the time it takes to score high enough for conventional credit. You are entitled to one free credit report every 12 months from each of the three national credit bureaus. Credit bureaus generally have 30 to 45 days to investigate your claim.

One of the most efficient ways to boost your credit score after bankruptcy is to acquire a secured credit card, she says. Secured cards are credit cards secured by a deposit account (usually a savings account) owned by the cardholder.”Those cards were designed for people with bad credit to remain in very low-credit-limit situations for a long period of time at a high interest rate,” says Stephen Snyder, author of “Credit after Bankruptcy.”Having more than one type of credit line will help boost your credit score.

“The point is most people with great credit scores probably have two credit cards from well-known, well-respected banks, a house payment, maybe a boat payment, and they keep those balances below 15 percent [of available credit] every month.”About 10 percent of your credit score is calculated based on the types of credit you use (i.e., credit cards, mortgages, installment loans and retail accounts), according to MyFICO.com.

Another 10 percent is based on new credit accounts ” which can include credit lines established after your bankruptcy. Although the FHA program does not officially use credit scores to qualify a loan, individual lenders may. Some credit-repair and credit “doctor” companies make grandiose claims that they can clean the slate and repair your credit file, often for a substantial fee. Only time will cause those entries to drop off your credit reports.

Jonathan Summers is working for a New York Collection Agency and is working to help with your Business Debt Collection needs.

Bankruptcy Repayment Plan

January 1st, 2018 Comments off

It is common to find lots of people trying to speak for themselves during a bankruptcy hearing, as opposed to having a bankruptcy lawyer represent them. Many make this horrible mistake and subsequently end up biting their fingers. Bankruptcy lawyers posses the detailed knowledge of recent laws and old ones that most normal people don’t even know about. A judge, for example, might not feel like dealing or being lenient with a simple mistake in the paperwork, and throw out the case. Bankruptcy lawyers can help avoid such simple pitfalls.

It is difficult enough having to file bankruptcy. Endless trails at meeting up with unpaid bills might eventually maul you over into filing bankruptcy.

Eventually, you might consider bankruptcy after you have nothing else to try. So how do you go about finding a bankruptcy lawyer?

The task of choosing a bankruptcy lawyer might not prove daunting for some. A previous brush with bankruptcy can help a family member recommend a good bankruptcy lawyer to you. You might appreciate a bankruptcy lawyer if you know they handled your family member’s case with ease and professionalism.

Listed on the yellow pages are some good bankruptcy lawyers. The listing for bankruptcy lawyers is under ‘attorneys’.

You must remember certain things when you choose a bankruptcy lawyer.

An attorney’s caseload makes a difference; too much of it means he won’t have enough time for you. Take steps to secure an appointment with the bankruptcy lawyer first. You want to know if the lawyer can make time to meet you within a short time.

Do not be too shy to ask questions when you’re sitting with the bankruptcy lawyer. Be sure to ask for the lawyer’s fees as well as what the implications are with your case.

About the Author: