An active bankruptcy is any bankruptcy that has been filed at any time during the life of an individual’s debt and has not yet been approved or declined by the court. All active bankruptcies stop the further actions of debt collectors once they’ve received proper notice of the filing. All types of bankruptcies allow a person to reorganize their financial debt legally.
A Chapter 7 bankruptcy is one kind of bankruptcy. It allows individuals to discharge their debts and obligations, with some exceptions, by liquidating what they have left in assets. Out of all the bankruptcy types, this one is the most popular and leaves people asking, “Am I eligible for Chapter 7 bankruptcy?”
Chapter 7 bankruptcies can only be filed by those who meet specific requirements: for example, you must pass a means test or an income test. If your Chapter 7 case is approved, it will last around three months and end in either a dismissal or approval. If approved, those debts are discharged, and you don’t have to pay them back. If it’s dismissed, then you’ll have to pay your debts, and debt collectors can resume their collection activities. A bankruptcy attorney can help you through this process.
There is a bankruptcy attorney in Seymour that everyone is talking about. Perhaps the reason that everyone cannot stop talking about the bankruptcy attorney in Seymour is because they know that either they or someone close to them that they know have had the pleasure of having their financial and legal matters handled by the bankruptcy attorney in Seymour that everyone just knows as the designated individual who is both poised and experienced in handling bankruptcy and financially difficult situations in which a person feels like he or she had no other options but an ultimate forfeit of all that they have to claim, for a chance at a clean slate and a new financial beginning.
Often this new financial beginning does not begin until a bankruptcy attorney in seymour can step in and help negotiate a settlement with all the debt collectors that their clients owes money too. Regardless, if you pick a bankruptcy attorney in seymour, and you pick the one that everyone has been talking about nonstop then you will no doubt find yourself in a much better financial predicament going forth that would be so much better than the one you would have been in if it had not been for that bankruptcy lawyer in Seymour being able to counsel and give legal aid where he or she deemed necessary in your case.
Because there are many options and people out there that are trying to give financial advice as to what to do, only a bankruptcy attorney in seymour is really equipped to counsel on legal aid and what options truly stand before you. The bankruptcy attorney in Seymour can even make recommendations as to what he or se thinks would be the best fit in your specific case. By taking the recommendations set before you, we can be assured that we are able to get the best settlement in a bankruptcy case should we have the misfortune of having to deal with one.