Bankruptcy is a long and difficult process and most people aren’t sure where to start or even when to file. There are two different kinds of bankruptcy and it’s important to choose the right type to file. The two main chapters of bankruptcy for individuals have different qualifications. Chapter 7 is intended for individuals with debts and who cannot make payments to pay off the debts by selling their assets. Chapter 13 is intended to help an individual repay debts through smaller payments over a short period of time. In either case, filing for bankruptcy can be a long process. In order to allow the process to proceed smoothly, a bankruptcy lawyer should be hired. A bankruptcy lawyer can assist an individual in deciding what the best option is for them when filing bankruptcy.
The Wichita Bankruptcy lawyer can assist in the initial paperwork, submission of paperwork, and the negotiation of the debt repayment. Getting help when filing the initial paperwork will make sure that nothing is misfiled and that important details are not left out. It will be necessary to attend a credit counseling course in order for the Bankruptcy Court to reach a judgment. If the paperwork that is submitted to the Bankruptcy Court is in any way inaccurate, it could delay the filing process. There will be a deadline for submitting paperwork so it is important that everything is turned in on time. If the filing process is complete, it might be necessary to negotiate a payment plan or to sell assets to cover the debts. In most cases it will be necessary to pay at least a part of the debt in order to complete the bankruptcy process.
Without the help of a Wichita Bankruptcy lawyer it might be difficult to complete the first attempt at filing bankruptcy. Individuals can find more information on how to get help with the bankruptcy process at website domain. Getting help from a bankruptcy lawyer is the first step in the right direction towards recovering from debt. In almost every case, long after the bankruptcy process is finished individuals will still be in the process of recovering. It is necessary to get the right help before even deciding that bankruptcy is the best choice.
