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Richard M. Weaver Bankruptcy Attorney is the bankruptcy law office of Richard Weaver which offers support to customers who are battling with obligation in the Dallas territory.
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Bankruptcy Lawyer - Questions You Should Ask Before Filing For Bankruptcy What if you are so broke, you can't even pay a monthly bill anymore, but what do you do when it comes to hiring a bankruptcy lawyer? Well, there is a way to get around this and there is also a way to find out if you even need one. In our modern society, bankruptcy filing is almost always a last resort for people who can no longer make their monthly payments on their homes or car loans, but if you are like most people you probably can't afford to file bankruptcy because you don t have enough money. In this case you will definitely want a bankruptcy lawyer. The best way to find out if you need to use a bankruptcy lawyer is to ask them questions. The first question you should ask your bankruptcy lawyer is what is bankruptcy, how does it work, and how do other people get through bankruptcy. The first thing to realize is that not every bankruptcy lawyer practices in the same area. This means that you need to make sure your attorney has experience with the type of bankruptcy case you are facing. If s for instance, you are filing Chapter Seven, which is a liquidation case, then most bankruptcy lawyers will not be able to help you unless they have experience working with liquidation laws. If you have a little bit of knowledge about the mechanics of bankruptcy, then you can ask your attorney questions relating to the law and the process. A second important question to ask your bankruptcy lawyer is what is a nonrecourse claim, and why would someone choose to file for bankruptcy
protection. Nonrecourse claims are those types of cases in which the debtor does not have to repay the debt if the debtor loses the case. For example, a tenant could file a bankruptcy case against an individual landlord to stop rent collection harassment, while a retail jeweler could use a nonrecourse claim to recover losses from his store if he was cheated. These types of claims are very common in debt collections and wage garnishment cases, so your bankruptcy lawyer should be able to give you some examples of nonrecourse claims. You should also ask your bankruptcy lawyer about whether your bankruptcy case will be a chapter seven or chapter thirteen. Chapter seven involves an attempt to reorganize your debt and pay it off over time, while chapter thirteen involves the immediate repayment of all outstanding debts, including personal loans. Because the bankruptcy court is a law that deals with financial matters, the judges often refer to it as a chapter seven or chapter thirteen bankruptcy case. A good bankruptcy lawyer will explain the differences between these two chapters in great detail. One last question you should ask your debt relief Haltom City before filing is whether your bankruptcy will affect credit ratings or not. The only way that bankruptcy protection will adversely affect your credit rating is if you have any significant debt. Unfortunately, this is usually not the case. Many debtors have little or no debt, and thus, their credit is unaffected by a bankruptcy filing. But for those who do have some debt, bankruptcy protection can seriously harm their credit ratings. Therefore, your bankruptcy attorney should discuss this issue with you very carefully. Contact Us: Richard M. Weaver Bankruptcy Attorney Address: 5601 Airport Freeway, Haltom City, TX, 76117 Phone: (817) 422-5929 Email: douglas@brightbankruptcy.com
