Facing difficulties as a business owner can be overwhelming. When all efforts to keep your firm afloat fail, filing for bankruptcy may be the only option. Chapter 13 bankruptcy is often preferred, allowing for debt reorganization and a repayment plan over a 3-5 year period. Hiring a skilled Chapter 13 bankruptcy lawyer is crucial in navigating this complex process. Learn more in this blog post about the importance of a lawyer for business owners.
1 August 2023
Paying taxes is the best way to impact your state's and country's economy positively. Failure to comply, however, results in serious debt, which may cause the internal revenue service (IRS) to penalize you. The government often recovers such a dept through wage garnishment. It is a legal procedure through which a court order instructs an employer to withhold a portion of their employee's earnings to pay their debt, salary, commission, and bonuses subject to this deduction.
23 November 2022
With very limited money to spend, you probably want to make sure that you are really going to get your money's worth when hiring an attorney to assist you in filing for bankruptcy. A bankruptcy attorney will do much more than simply file your paperwork with the court. Keep reading below to find out more about some of the other services you can expect your bankruptcy attorney to provide. Assistance With Reviewing Debt Relief Options
19 April 2022
If bankruptcy has crossed your mind, whether to restructure debts or simply because you don't know what else to do, it's time for you to consider bankruptcy attorney services. For many people, bankruptcy is their last resort after trying to deal with overwhelming debt on their own. There are five principal reasons why hiring an experienced bankruptcy lawyer can help. Making the Right Decisions for Bankruptcy The bankruptcy code is very complex, and choices about which option to choose can be overwhelming.
28 October 2021
Many people who file for bankruptcy must do so urgently to prevent a significant loss, such as avoiding being evicted from their homes. If you can afford to wait, though, here are two tips for timing your bankruptcy to maximize your chances of discharging debt while minimizing problems. Wait for Your Income and Expenses to Normalize Your income and expenses will play a big part in your bankruptcy filing. In a chapter 7, the information is used to determine whether you'll pass the means test, while in a chapter 13, it's used to figure out how much your monthly payments will be.
18 June 2021
In a recent year, more than a half-million people filed for bankruptcy. If this is where you are headed as well, it is important to recognize that this is a pit stop and not the end of your financial life. However, if you are hoping to bounce back, you have to handle this entire process with care and deliberateness. A bankruptcy lawyer will also be useful in acting as your advocate as you put the court filing together.
4 May 2021
If you want to file for bankruptcy, it's essential you work with a bankruptcy attorney. Apart from advising you, an attorney will help you navigate the legal process of filing for bankruptcy. Here are some frequently asked questions about Chapter 7 bankruptcy. What Are the Alternatives to Chapter 7 Bankruptcy? Before filing for a Chapter 7 bankruptcy, you must familiarize yourself with the available alternatives. This will help you make an informed decision.
31 March 2021