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Who's On Your Side?: How to Protect Yourself When Your Home Is Worth Less Than You Owe The Bank (Paperback) newly tagged "bankruptcy"

Who's On Your Side?: How to Protect Yourself When Your Home Is Worth Less Than You Owe The Bank
Who's On Your Side?: How to Protect Yourself When Your Home Is Worth Less Than You Owe The Bank (Paperback)
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Welcome to Bankruptcy Guide

 

Attorney Bankruptcy Article

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A Bankruptcy Lawyer Restores Faith in the Legal System

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A bankruptcy lawyer can restore your faith in the legal system, because he or she can prove that the laws are there to help you in your hour of need. Sometimes it is easy to view the legal system as too bogged down with backlogged cases making it inaccessible to the average citizen. But the bankruptcy court is there to legally assist the honest person with debt that has become such a burden that it is virtually non-payable. For this situation, only the law can help.

When you need to hire a bankruptcy attorney, you should look for certain qualities. One of the most important qualities is experience. The bankruptcy attorney is a specialist just like the divorce lawyer or the criminal lawyer. The bankruptcy laws are complicated and only an attorney with experience is going to be familiar with the actual implementation and interpretation of the law. This can be crucial when it comes time to negotiate with the court trustee or the federal judge.

A bankruptcy lawyer should also have experience with all of the chapters as defined by law. When you consult with the attorney initially, you will have to complete a number of forms which detail your financial status. The attorney must interpret the information in relationship to the law and decide the best chapter filing for your particular situation. The only way this can be accomplished efficiently and accurately is if the attorney understands the complex legal definitions and requirements of all the personal and business chapter bankruptcies.

Of course, you also want an attorney who works efficiently and follows through. Everyone has heard of attorneys who take their time filing court papers and are bad at staying in touch with their clients. Filing bankruptcy is stressful enough without having an attorney in which you have little confidence. Instead, you want an attorney who is prompt with court filings and in whom you are able to confide. Admitting you have lost control of your debt can be a very difficult situation, and you need an attorney who understands the emotional side of bankruptcy.

A professional bankruptcy attorney is able to review your situation from many angles. In some cases, you may not need to file bankruptcy. Instead you might be able to actually avoid bankruptcy by lowering your debt and increasing your income in various ways. A good attorney will review all options with you and not just assume you have to file bankruptcy.

A bankruptcy attorney is a legal advisor, listener, confidante and advisor all rolled into one person. You want to hire an attorney with a good reputation. This may sound like a lot to ask of a single lawyer, but you want assurance that your bankruptcy will solve the major financial issues in your life. The only way to get this assurance is by retaining an experienced attorney specializing in bankruptcies.


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Attorney Bankruptcy News

Jefferson County Can't Pay GO Bonds Without New Tax, Lawyer Says - BusinessWeek


Jefferson County Can't Pay GO Bonds Without New Tax, Lawyer Says
BusinessWeek
By Steven Church on May 18, 2012 Jefferson County, Alabama, can't fully repay $205 million in general-obligation bonds without raising taxes, the county's bankruptcy lawyer said, threatening investors with losses not seen in the US since the Great ...

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MF Global $1 Billion Vanished Into Brokerage, Court Told - BusinessWeek


New York Times

MF Global $1 Billion Vanished Into Brokerage, Court Told
BusinessWeek
Brett Miller, a lawyer for MF Global Holdings' Chapter 11 estate, told US Bankruptcy Judge Martin Glenn in Manhattan today that court papers detailing the assets and debts of five of its six bankrupt units are likely to be filed today.
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Ask the Attorney: Debt Management or Bankruptcy? - Patch.com


AgWeb

Ask the Attorney: Debt Management or Bankruptcy?
Patch.com
I keep hearing all of these commercials for debt management programs that make bankruptcy sound like the worst thing ever. What's the deal? Have a legal question? Ask the attorney! Submitted What makes sense for one person may not make sense for ...
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Dewey to consider bankruptcy filing: source - Chicago Tribune


Dewey to consider bankruptcy filing: source
Chicago Tribune
A bankruptcy filing is not certain, and the timing of any potential filing remains unclear. The firm has been consulting with restructuring lawyers since April at the latest, and has retained bankruptcy attorney Albert Togut of law firm Togut Segal ...

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Watchdog Asks To Stub Pot Grower's Bankruptcy - Wall Street Journal (blog)


Watchdog Asks To Stub Pot Grower's Bankruptcy
Wall Street Journal (blog)
It's the type of silence that can also easily get a company's bankruptcy case tossed. “Please don't contact me any further regarding this,” company attorney Greg Goodman said Thursday in response to a request for comment. In a signed order, ...

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