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The following article was published in our article directory on July 6, 2012.
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Article Category: Legal
Author Name: Michael Jenkins
It wasn't that long ago that filing for a Chapter 7 or Chapter 13 didn't need the services of any legal authority consisting of a Salinas bankruptcy attorney. If you remember, those were the days of "I can deal with all this paperwork myself" mantra. Those of you who failed to see that "easy way out" boat are out of luck today. That ship has sailed, and there is a brand-new sheriff using a badge, with a whole new set of bankruptcy guidelines to follow; like it nor not.
Today, there is a garage full of specific federal demands and documents in the new Chapter 7 and Chapter 13 filings that your tablespoon of legal knowledge can't even start to touch. They consist of items like credit counseling, means test, filing a petition and timetables with the bankruptcy court, and also recognizing the distinction between a debt discharge and bankruptcy dismissal. Luckily for you a Salinas bankruptcy attorney already has stashed away all of this all new complicated expertise, and is ready to aid you anytime you're prepared and help point you in the direction of the blue skies and green lights.
If you're filing option is a Chapter 7 your first contact is a Salinas attorney who focuses on bankruptcies. They will certainly explain that a Chapter 7 is only accessible to those who satisfy all of the new filing demands. We're not suggesting you will not achieve your goal; just that you will certainly need to leap through a bunch of hoops and minefields to achieve the task. In your consultation meeting with a Salinas bankruptcy attorney they will certainly describe the basis of a "means test", along with the required credit counseling requirements with a permitted agency. Additionally, they can help you in gathering up all your documentation that's on the government checklist, too.
If you're filing a Chapter 13, which is generally the course to take for sole proprietors and individuals with a stable or disposal income, things will certainly get much simpler and less cumbersome. However, it will definitely require reams of documents. A Chapter 13 has some distinct benefits over a Chapter 7, like being able to save your house from any sort of foreclosure proceedings, and also, over time, erasing any type of delinquent mortgage payments. To summarize for you, a Chapter 13 type of acts like a consolidation loan. Anyhow, it's going to be a rough road out there people, so right here's the agreement in fixing which ever before bankruptcy filing course you pick. All this requires bunches of legal understanding. A Salinas bankruptcy attorney has it; you do not.
Keywords: salinas bankruptcy attorney, salinas bankruptcy lawyer, salinas bankruptcy attorney, salinas bankruptcy lawyers, bankruptcy lawyers salinas ca
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