Bankruptcy is a process that allows a consumer and/or a business to eliminate some or all of their debt while they are protected by the bankruptcy court. Filing bankruptcy falls under one of two categories including reorganization or liquidation. Reorganization is about repaying your debts and liquidation is about erasing them.
The bankruptcy law services in Henderson, NV that you should expect a law firm to offer you includes helping you decide whether you should be filing Chapter 7 or Chapter 13. The first thing they should do is sit down with you and explain what Chapter 7 and Chapter 13 are. They will ask you what you think the best option is and they will tell you what options you have. You are free to file whatever kind of bankruptcy you want, but if a law firm such as Business Name tells you that you are not going to qualify for Chapter 7 it would be a waste of time to file for it.
The that a law firm is going to provide you with includes actually typing and creating your bankruptcy petition. The bankruptcy petition is the documentation and application that is used to file for bankruptcy. This petition can be anywhere from 30 to 100 pages long depending on exactly how much debt you are in and how many different people you owe money to. Making mistakes on your petition could prevent you from being able to file, so it is always more beneficial to hire a lawyer to help you with the petition.
