Bankruptcy is designed to eliminate debts, but it comes with a complicated legal process in order to do so. The best option for filing is to retain a Bankruptcy attorney in Wichita, who can also provide you with support. In fact, the U.S. bankruptcy website strongly suggests the hiring of a lawyer for anyone who is seeking to file. The major reason for doing so is to avoid mistakes, but you also have the advantage of having access to someone who is trained to handle complex legal matters such as this.
The entirety of a bankruptcy revolves around a packet of paperwork known as the petition. The petition is a catch-all name for the actual petition itself, a creditor matrix, many schedules and an affidavit. All of these are part and parcel of the request that the court grant relief to the person seeking it. To that end, everything in the petition is written in legal language that can be difficult for the layperson to understand easily. If comprehending the language is difficult, then it’s more than likely mistakes are going to be made by the layperson. Mistakes put the petition in jeopardy of being thrown out of court.
All of these issues go away when working with a legal professional. The Bankruptcy attorney in Wichita understands the language clearly, and knows what information is required for each part of the petition. All the client has to do is to supply the lawyer with every last bit of financial information and a credit report if possible. This is to ensure that assets are listed properly, creditors are included for notification and the right exemptions applied to eligible property.
A correctly completed petition is submitted to the court, and the case begins. Provided everything is in order, the petition makes its way through the court and trustee as smoothly as possible. The lawyer is there to make sure nothing goes wrong, and in the event there is an issue, to correct it so the client gains the ultimate goal of debt relief.
For more information about filing for bankruptcy, contact Business Name to set up a consultation.
