The decision to pursue bankruptcy is never an easy one to make. Once the debtor decides that this is the only way to deal with the situation, it pays to engage the services of Schaumburg’s Best Chapter 7 Attorney. Here are some examples of what the attorney will bring to the table.
Analysis of the Situation of the Debtor
Before doing anything, the attorney will look over the financial affairs of the client and make sure there is no other option that would alleviate the financial distress. As part of the process, the attorney will also verify that the client meets the requirements that apply to obtaining bankruptcy protection in Illinois. When there is no question that the client is eligible and that bankruptcy is the only practical solution, the attorney can move on to the next part of the process.
Explaining the Requirements of the Court
During those meetings with Schaumburg’s Best Chapter 7 Attorney, the client will understand exactly what the court will require in order to approve the petition. This will involve being prepared to provide full disclosure about every aspect of his or her financial situation. Any attempts to hide assets or otherwise provide the court with incomplete information will likely result in denying the petition. The attorney will stress how important it is to cooperate with the court trustee and hold back nothing. The attorney will also help the client understand the need to seek approved financial counselling. This is a measure that the court requires as a means of helping the debtor to never need bankruptcy protection in the future. Since complying with this requirement will mean attending a course that is approved by the court, the attorney can help the client identify classes that are conveniently located and manage the paperwork to en-roll. Throughout the process, the attorney will be on hand to provide guidance to the client. Remember that the ultimate goal is to ensure the client has the fresh start that he or she seeks. By working closely with legal counsel and complying with all the requirements of the court, there is a very good chance of being approved and having the entire matter settled in a reasonable amount of time. Visit us for more info.
For latest updates follow us on Facebook.
