bankruptcy attorneys

5 ‘must-haves’ to finding a bankruptcy lawyer

5 ‘must-haves’ to finding a bankruptcy lawyer

Key takeaways

  • When seeking a lawyer to guide you through the bankruptcy process, it is crucial to choose a specialist in bankruptcy law.

  • Opt for a bankruptcy attorney with local expertise, well-versed in both bankruptcy laws and the specific procedures of the local court where your case will be filed.

  • Choose a bankruptcy attorney who provides personalized service, listens to your specific case details and makes you feel comfortable.

  • Avoid ‘bankruptcy mills’ and non-attorney petition preparers and prioritize a lawyer who understands your situation.

If you are considering filing for bankruptcy, your best bet for a successful outcome is to choose a good bankruptcy lawyer. Although it is possible to file for bankruptcy on your own without hiring an attorney, it is not advisable to do so. Obtaining the help of a specialist who is experienced and can offer expertise in both federal and local law is essential, as they will be able to provide you with personalized service for your case and provide the comfort and familiarity needed to get through this challenging process.

1. Look for a specialist

Lawyers practice in multiple areas and your best bet would be to go with someone who specializes in bankruptcy

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December 1, 2023 by ATTORNEY

Bankruptcy Court OKs Terminating Santa Barbara News-Press Employee Retirement Plan | Local News

In another blow to former Santa Barbara News-Press employees, the bankruptcy trustee is terminating the company’s 401(k) retirement plan and will pay the fees out of their accounts.

When Ampersand Publishing owner Wendy McCaw filed for bankruptcy in July, the News-Press stopped publication, and Managing Editor Dave Mason told employees their jobs were eliminated.

McCaw claims in court documents that the parent company has about $5 million in debts, including payments to former employees and vendors, and much less in assets.

Last month, U.S. Bankruptcy Court Judge Ronald A. Clifford III approved terminating the Nationwide Financial 401(k) employee benefit plan because the business no longer exists.

Bankruptcy trustee Jerry Namba and his attorneys said former News-Press employees “have apparently been contacting (plan administrator Latitude Retirement) to inquire about the status of their 401(k) accounts and how the funds will be distributed.”

Requests to distribute the money couldn’t be processed because of the bankruptcy filing, bankruptcy attorneys wrote in court documents.

Former News-Press sports writer Mark Patton said he’s been trying to roll over his 401(k) into an IRA account “and have been getting nothing but a total run around from everybody,” including Nationwide, Latitude, and the bankruptcy attorneys.

“I’m

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November 17, 2023 by ATTORNEY

Wantafreshstart Bankruptcy Attorneys Help Clients Rebuild Cr…

(MENAFN- EIN Presswire)

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WantAFreshStart Bankruptcy Lawyers Helps Clients Rebuild Their Credit and Financial Future After Bankruptcy

GILBERT, ARIZONA, UNITED STATES, March 19, 2023 /einpresswire.com / — WantAFreshStart, a leading bankruptcy law firm in gilbert , is pleased to announce that their team of experienced bankruptcy attorneys is now offering clients comprehensive credit rebuilding assistance following the bankruptcy. The law firm’s innovative approach to post-bankruptcy credit rebuilding is designed to help clients rebuild their credit scores and regain financial independence quickly.

Bankruptcy can be a complex and stressful process, often leaving individuals with damaged credit scores and a sense of uncertainty about their financial future. The team at WantAFreshStart understands the difficulties that clients face after filing for bankruptcy and is committed to providing personalized and effective solutions to help clients rebuild their credit and regain control of their finances.

‘At WantAFreshStart, we believe that everyone deserves a second chance. Bankruptcy is not the end of the road, and with the right guidance, our clients can recover from financial setbacks and achieve their goals,’ said a spokesperson for the law firm.

The law firm’s credit rebuilding services are designed to help clients understand the factors that affect their credit

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March 22, 2023 by ATTORNEY

Bankruptcy Lawyer: Everything You Need to Know

If you find yourself needing to file for bankruptcy, you’ll need an advocate to guide you through this complex process. This is where a bankruptcy lawyer comes in. Filing for bankruptcy is a way for individuals to obtain protection from creditors and can provide relief from some or all of a person’s debt obligations. 

Chapter 7 vs. Chapter 13: What’s the difference?

There are two main types of bankruptcy filings: Chapter 7 and Chapter 13. Chapter 7 involves the discharge of most unsecured debts such as credit cards, medical debt and personal loans by the court. Debt such as student loans, alimony and child support as well as tax debt will not be discharged under Chapter 7. This type of filing is often called a “second chance” as it can provide relief from these unsecured debts providing an opportunity to restructure your financial situation.      

Chapter 13 generally involves a reorganization of your debts in a fashion that will allow you to repay them and get current. There is generally a 3-5 year time limit on the reorganized payments and debtors can usually work it out to keep their primary residence. 

In either case, the rules can be very complex, there

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February 11, 2023 by ATTORNEY
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