If you are searching for a skilled and experienced chapter 13 bankruptcy attorney to help you with your current legal needs and pending cases. Dealing with active bankruptcies can be stressful so finding someone that you relate to and can trust can have a huge impact on how your case plays out in the end. Legal assistance for financial needs like bankruptcies is a big deal and is not something to be taken lightly. It can make a huge difference how your case begins so make sure you find the right legal team from the start!
A good attorney will take the time to explain the advantages and disadvantages of filing bankruptcy. They can also answer any questions or concerns such as ‘are business bankruptcies public record’ and questions like ‘what do I need to do after by final hearing’ can all be answered at least in part by your legal team. They are here to help you through the process so be sure to take advantage of their guidance and experiences.
So, make sure you find the bankruptcy attorney that is right for you and get the help and guidance you need for all types of bankruptcies.
Bankruptcy is sometimes a part of life, an unfortunate occurrence that can impact successful companies and individuals. For example, the Pittsburgh Penguins of the National Hockey League completed bankruptcy filings on two separate occasions–once in 1975 and again in 1998–and were the only sports team to do so. But if the team’s example demonstrates anything, it is that recovery and perhaps restoration of one’s credit is achievable as long as there is competent financial supervision and foresight.
With this in mind, it makes sense to consult with bankruptcy attorneys, perhaps even those bankruptcy lawyers in Michigan. Statistically speaking, 2011 saw 84% of bankruptcy cases in the state identified as “Chapter 7,” as opposed to only 16% that were considered “Chapter 13” that year. But what is the difference between Chapter 7 vs Chapter 13?
Chapter 7 bankruptcy uses liquidation as a means of alleviating debt in a more prompt manner. In Chapter 13 bankruptcy, the court presides over financial restructuring while the company is still bringing in revenue, with the ultimate goal being revitalization.
That said, it is important to recognize that one’s credit rating may falter, if it has not done so already. But with the right guidance, perhaps from the right bankruptcy lawyers, it is possible to recover.
If you have questions, comments, or suggestions regarding bankruptcy in general or Chapter 7 vs Chapter 13 specifically, you may share your thoughts in the section below.