Commonly known as the wage earner’s plan, chapter 13 bankruptcy is an option available for people to pay off their debts. Many people don’t plan ahead when filing for bankruptcy, and often end up making a wrong decision. It’s recommended that you talk to a local nearby lawyer who specializes in chapter 13 bankruptcy and then figure out what your best option is. Here are a few things you should know about filing for bankruptcy.
Hiring an Attorney
The first thing you need to do is hire an attorney for filing for bankruptcy. You can visit the Business Name if you want to hire a team of reliable bankruptcy attorneys. They have a lot of experience helping clients with bankruptcy agreements. If you want to hire a chapter 13 bankruptcy attorney, you need to first sit down with them and explain your requirements in detail. They will be able to give you a better idea about whether chapter 13 is suitable for you or not.
Filing the Paperwork
More importantly, the attorney who specializes in chapter 13 bankruptcy in Fall River, MA is going to ensure that the paperwork associated with the bankruptcy agreement is submitted on time. They are going to prepare the records for the bankruptcy and then file the paperwork. A hearing will be held to determine the cause of bankruptcy and the courts will decide whether the chapter 13 should be granted to your company or not.
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