One of the most important things for debtors to understand is the laws that protect their rights and govern bankruptcy. Most people are ignorant of the laws and need help understanding them. Meeting with the bankruptcy law firms will help a debtor to better understand the laws and protect their rights.
Understanding the Bankruptcy Laws
The law gives debtors and creditors their own rights. Although a creditor has the right to pursue the individual for the debts they owe, they cannot harass the debtor. If a person tells the creditor they cannot receive phone calls on their job, the creditor must oblige. Unfortunately, creditors can sometimes go to extreme means of getting their payment. It can be especially difficult when debt collectors are threatening court.
It is important for debtors to know they have the right to seek legal help when their debts far outweigh their income. There is no reason for a person to face their creditors alone when there is legal help to be found.
How Does Bankruptcy Work?
An attorney will guide their client and help them through the mean’s test. This testing is a way of measuring the applicant’s income against the median income of the state. If the applicant’s income is below the state median, they will be allowed to file for Chapter 7 bankruptcy. If their income is over, they will need to file for Chapter 13.
Once the type of bankruptcy has been decided on, the attorney will go to work on filing the paperwork and preparing for any hearings that will take place. The attorney will inform their client of any hearings they must personally attend and the rest will be taken care of by the attorney.
Although it can be a bit overwhelming dealing with debt, an attorney can help give their client peace of mind as they go through the process of seeking freedom from their debt. If you would like to get started on the process, call the office right away. With help from the attorney, you can finally say goodbye to your debt and learn to make better financial choices in the future.