A Bankruptcy Attorney in Oshkosh Provides Invaluable Services for You When Filing for Insolvency
Filing for bankruptcy is a stressful time even though the idea behind the legal action is to relieve financial tension. Once the wheels are set in motion, you are at the mercy of the court to grant your request. A majority of cases that go through the court are granted relief, and chances are good that yours is going to be one of them. Retaining a Bankruptcy Attorney Oshkosh is a guarantee that you’ll be able to relax instead of spending months on edge.
Before you get to the point of filing, you have a lot of work to do. You are going to need to gather all of your financial information, get assets valued and make sure you have everything ready for the bankruptcy attorney in Oshkosh to review. You also have to complete financial counseling and receive a certificate of completion. Once all of this is done you can start working on the means test.
The means test determines which chapter of bankruptcy you can file under. It uses your state’s median income as a measure. If you are over the median income, you are more likely to file under Chapter 13 than 7. However, you may have mitigating factors that allow you to file under Chapter 7. Your attorney can advise you on the best course of action that makes sense for your financial situation.
After the means test is finished with the chapter for filing determined, it’s time to fill out the petition. This is a voluntary legal action you are taking by asking the court to provide you relief from your debts. You also swear to the fact that everything you have laid out in the paperwork is true and you are not hiding anything from the court.
Honesty is of the utmost importance in a bankruptcy filing. The court takes any attempt to hide money or assets as a grave offense that can ruin your attempt at debt relief. Listen to your lawyer, follow the rules and let your attorney do the heavy lifting on your behalf. You avoid a lot of unpleasantness by doing so while getting a higher guarantee that your debt load is eliminated for good. Get in touch with attorney Chadwick Kaehne for more details!