Going through a bankruptcy can be a little stressful, especially if you are trying to go through it alone. Most people find the process of filling out the paperwork alone to be overwhelming. This is often because there is so much to answer and respond to on the bankruptcy forms. If you are not aware of the bankruptcy laws in your state, you may not fill not submit your bankruptcy properly and end up experiencing delays. This is why many people make the decision to choose chapter 13 bankruptcy lawyers in Chicago. Through these lawyers, you can have the peace of mind of knowing your case is being handled properly.
How Does a Lawyer Assist You in Filing for Bankruptcy?
When you file for bankruptcy, you will first need to meet with the chapter 13 bankruptcy lawyers in Chicago. They will have you to bring in proof of your income, information on your assets and your bills. It is important you take your time in gathering all of this information, because the lawyer will use it to prepare your bankruptcy petition. Any erroneous information or information being left out of the petition will only cause delays or problems in your filing status.
Once your petition has been filed with the court, you will be given a court date. Before the court date, all of your creditors will be informed of your filing status and will have the opportunity to respond. The judge will listen to your attorney provide information on your financial condition and the reasons you are filing for bankruptcy. You can expect your lawyer to do all of the talking at the hearing, unless the judge were to ask you a direct question.
Once you have been approved, the judge will set up your payment amount through the court. You will be required to pay this amount each month, to avoid your bankruptcy being revoked. It typically takes a period of three to five years for your debts to be paid off. This will depend on the amount of debt you owe and your income level.
If you are trying to file for bankruptcy and are finding it confusing. Get the help you need through Lake Law. They will gladly give you the legal help you need, to make sure your bankruptcy is filed properly.
