Bankruptcy can be a scary, confusing topic. Clark Law Firm in Shelby County Alabama has experience helping individuals, families, and business owners navigate the complicated process of bankruptcy. Not only are we committed to seeing you through this process, we are here to help you build a plan that allows you to take advantage of the fresh start that bankruptcy protections provide.
Because bankruptcy has such a large impact on your personal finances and business, you should make sure that you know exactly what to expect before you start the process with an attorney. Here are the top six benefits of hiring a business bankruptcy attorney.
If you are considering bankruptcy, it's important to understand the difference between Chapter 7, 11, and 13 filings. Chapter 7 bankruptcy requires that all your assets be liquidated (sold) in order to pay back your creditors. Chapter 11 bankruptcy involves reorganizing your debts. Chapter 13 is a “wage earner plan” because it allows you to repay an agreed-upon portion of your debts within a three-to-five-year period.
Filing for bankruptcy can be stressful for anyone, but having an experienced attorney on your side to help guide you through the process can alleviate some of those worries. To make sure that you’re working with the right legal professional, you should hire an experienced lawyer who is familiar with all aspects of bankruptcy law.
A bankruptcy lawyer will be able to help with various aspects such as filing the paperwork and guiding you through the process while protecting your assets. Legal protection is key, which is why finding a bankruptcy court attorney can give you peace of mind knowing that they are an expert in the field and have your best interest in mind when guiding you through these trying times.
At Clark Law Firm, we offer support for anyone in need of a: