Millions of Americans have filed for bankruptcy during the last five years. As a result, many families are learning about Chapter 7 and Chapter 13. If you need help make sense of the bankruptcy proceeding, there are people you can turn to. Here are some individuals who can help you through the bankruptcy process:
Your Attorney The bankruptcy process can be legally complex. Your bankruptcy lawyer is often your very best resource throughout the duration of the proceeding. An experienced attorney can skillfully help discharge your debt and get you on the path to financial freedom. He or she will also be able to represent you in front of the federal judge and help explain the eccentricities found within the bankruptcy code.
The Trustee Another resource to turn to throughout bankruptcy may be your estate’s trustee. In both Chapter 7 and Chapter 13 bankruptcy, your assets will be turned over to a neutral third party to be sold off in an effort to pay off your creditors. These individuals are professionals, often with decades of accounting and bankruptcy experience. If you have any questions, your trustee is a great person to reach out to.
Your Creditors Your creditors have almost certainly dealt with bankruptcy before. If debt negotiation has failed and you are attempting to discharge the debt through bankruptcy, creditors and collection agencies may also be able to provide important information about your finances and expected outcomes.
Preparing for and declaring bankruptcy can be a lengthy process. Both Chapter 7 and Chapter 13 involve unique legal challenges and complex paperwork. Southern California residents in need of legal advice about bankruptcy should contact the skilled team at the Golden State Law Group by calling (619) 234-3333. We are a San Diego-based firm that can help answer your toughest bankruptcy questions.