This is a legal expert that specializes in the field of bankruptcy. This professional specifically deals with the different legal areas of bankruptcy. These include Chapter 7 and Chapter 13 of the Bankruptcy act. The bankruptcy lawyer deals with specific debts that may be creating the need for this type of financial action which could be credit card or medical bills, for example.
Why You Need a Lawyer
There are many different legal procedures that have to be carried out through the course of a bankruptcy and the law requires these to be completed properly. If they aren’t, then the outcome of your case may not be successful.
Perhaps you are thinking of filing for bankruptcy yourself and just assume that you would do so under the Chapter 7 rules. You get halfway through the process then discover that this particular area of the law is not what you should be dealing with. Chapter 7 bankruptcy is only allowed up to a certain level of income. Although the majority of bankruptcy filings are eligible under this chapter, there are a certain number that must file under Chapter 13. For this reason alone it is important to retain the services of a quality Louisville bankruptcy lawyer.
Even though Chapter 7 Bankruptcy filings are normally easier to do they still require a great deal of work and expertise, and are often out of the scope of what the average person is capable of doing correctly. Rather than running into difficulties with your Bankruptcy you will be far better off to put this matter into the hands of an experienced Bankruptcy attorney.