Bankruptcy is actually a legal status for which people and companies might both file. Basically, individual debtors and businesses opt to file bankruptcy when they're not able to repay the debts that they have acquired. Common types of bankruptcy for people include chapter 7 bankruptcy, which calls for debtors to liquidate assets to cover their debts, and chapter 13 bankruptcy, which produces a structured repayment program. Chapter 7 bankruptcy additionally produces a reorganization plan for qualifying companies. Because of the complexity of the current bankruptcy laws and rules, a smart and savvy individual should always have a bankruptcy attorney by their side. At O’Bryan Law Offices, we are here to assist you and offer sound, experienced advice and guidance throughout the proceedings.
With over twenty years in business, along with decades of combined experience, the legal team at O’Bryan Law Offices have the professional know how and resources that are required for a successful bankruptcy filing for you or your business. As your chosen bankruptcy attorney, we will discuss all of the aspects of your current situation, and come up with a plan that will allow you the most benefits and provide the end results that will offer the best for your financial future. All of our highly qualified attorneys are board certified, and actually specialize in all areas of the current bankruptcy requirements. We will file all of the necessary paperwork, negotiate on your behalf, and communicate with you throughout the process.
Hiring a bankruptcy attorney, is actually the very best option, because bankruptcy law is extremely complicated. Bankruptcy proceedings frequently require understanding of both federal laws and state. Additionally, bankruptcy cases require considerable paperwork and detailed documentation of all of the debtor's assets and liabilities. Because a lawyer already understands the rules governing statutory filing and bankruptcy paperwork requirements, making use of legal representation is able to make the task proceed expediently and smoothly. Also, even apparently small errors in the bankruptcy petition and filing procedure is able to compromise a filer's rights, therefore ensuring paperwork is actually completed properly is a significant advantage of employing an attorney.
Bankruptcy requires debtors to speak with their creditors with regards to negotiations, specifics and settlements of the court proceedings. Many bankruptcy filers might feel uncomfortable making these calls or even feel unsure they're communicating the correct information to the right parties. A bankruptcy attorney is going to handle these communications, along with representing the debtor in meetings and court proceedings. Additionally, while individuals can sometimes file for bankruptcy without an attorney, the United States Federal Judiciary explains that corporations and partnerships must retain a lawyer to file for bankruptcy.
If you would like to learn more regarding the advantages of a bankruptcy attorney, O’Bryan Law Offices would like to invite you to visit our website. At obryanlawoffices.com, you can schedule your no cost, no obligation consultation by simply leaving your contact information, for a quick response. You can also call us at 502.400.4020, and speak with one of our friendly and knowledgeable legal staff members.
View Larger Map