Archive for September, 2009

Bankruptcy services perform an extensive due diligence to prepare and complete bankruptcy petitions for clients who are not able or willing to take on the task on their own. Firms that offer these services interview clients, follow up on specific questions, collect missing information and make certain that all filed information is accurate and complete. By the book.

Typical bankruptcy filing services include:

• Preparation of all federal and local forms and schedules for the client’s specific area (State/district)
• For chapter 13, preparing the repayment plan
• Follow ups on missing information or client questions
• Research of, lien searches, searches for real property, vehicles and other assets, civil records, previous bankruptcies etc
• Wage garnishment letters
• Accounting for all debts and recent expenses (particularly when filing chapter 7)
• Administering the Bankruptcy Means Test to qualify clients into the correct chapters
• Much more on a client per client basis, depending on individual needs

The major benefit of employing bankruptcy services is perhaps in the overall preparation of the paperwork that must be filed. In 2005 bankruptcy laws changed to make it a bit more difficult for individuals to file and qualify for bankruptcy. Before that law change, it was much easier to file bankruptcy alone. All that has changed dramatically, now it is much easier for self filers to submit petitions that are incomplete and with incorrect information.

These seemingly small mistakes can cause serious delays and in some cases denial to file bankruptcy if the court deems your petition fraudulent. Bankruptcy fraud is a crime punishable by fines and jail sentences. For these reasons alone, all filers should take this process seriously and make use of affordable bankruptcy services.

There’s no lack of resources in this field, the easiest and more convenient way to get proper help is to fill out a simple online form to get connected with professional bankruptcy services in your local area. Most online forms take only 30 seconds to complete.

When is filing Chapter 7 Bankruptcy right for you?

It begins with understanding what Chapter 7 is for. Sometimes known as “liquidation bankruptcy”, chapter 7 is for individuals who have little or no disposable income. Meaning that the individual is no longer able to continue paying his/her creditors due to lack of funds. Click Here to find out if you qualify for chapter 7.

Circumstances beyond your control such as medical bills, being laid off from work, losing a member of your family or suffering a terrible financial loss are often major reasons for consumers finding themselves in situations where bills are just not getting paid. When that happens the phone calls and letters start with demands that you make your payments regardless of your situation.

It isn’t your creditor’s job to care about your difficulties and struggles, they will never show any concern for your high stress and sleepless nights when you spend every minute figuring out how to catch up and get your life back together.

Enter Chapter 7 Bankruptcy Protection

Always a last resort, but it is the life line that can save you from the depths of financial misery. Filing chapter 7 bankruptcy extends you a number of benefits:

1. Once your petition is filed, something called “The Automatic Stay” takes effect preventing creditors from foreclosing or repossessing collateral property. Creditors are also not allowed to contact you via any means to discuss or collect any debt.
2. When your petition is filed you’re no longer obligated to continue making payments to your creditors.
3. The bankruptcy court will take control of your case by assigning a bankruptcy trustee, who will assess your case and will be in charge of the liquidation of any viable assets that can be used to repay some of your debts.
4. You will meet with the trustee when you attend your court hearing which will be about 30 days after your case is filed.
5. If all your documentation is in order then you should receive a discharge within 2 to 3 months and a clean slate.

Finding out if You’re Eligible

Finding out if you meet the chapter 7 requirements is easier done with the aid of a professional. Find out your exact debt to income ratio by filling out the form below and start feeling better immediately!

Click Here To Fill Out The Secure Form

Takes 30 Seconds to Fill Out and Submit!