Bankruptcy law attorney is someone who is an expert in bankruptcy law. Bankruptcy is no longer a do-it-yourself option. With the recent changes in bankruptcy laws, filing for bankruptcy has become a very complicated affair. And that is why you need a bankruptcy law attorney to file and fight your case in a bankruptcy court.
Changes In Bankruptcy Laws
First, let us discuss some of the recent changes that have occurred in bankruptcy laws. A good personal bankruptcy attorney will tell you all about the changes and how they affect your case. According to the new law you can no longer file for bankruptcy in a state of your choice. The new law requires that you file for bankruptcy in the state where you reside. Earlier people used to file for bankruptcy in states where laws were more lenient in comparison to the state they were living in.
The new bankruptcy laws require that before you file for bankruptcy you go through a means test. The procedure relating to means test is very complicated. How you fare in the test will determine whether you get to file for bankruptcy or not. So you definitely need a bankruptcy law attorney to help you out.
The means test requires that the court looks at your financial situation in detail to determine whether you can or cannot file for bankruptcy. The court will look at your income and expenses and determine whether you can pay your financial debts or not. If you think that the filing for bankruptcy is the best option for you, you need a bankruptcy attorney to represent your case in the court.
Credit Counselling Must
The new bankruptcy law requires that those who are filing for bankruptcy must first go through credit counseling sessions. You might think you do not need them and you might be right also because your bankruptcy could be due to some unforeseen circumstances. However, the fact is you need to attend them and you need to be fully prepared to present your case effectively to the credit counseling agency. A good bankruptcy law attorney will explain to you the requirements in detail and will prepare you for your credit counselling sessions.
Recent changes in the bankruptcy laws also relate to various chapters under which you can file for bankruptcy. The best bankruptcy attorney will guide you in the right direction and would help you determine which bankruptcy chapter is right for your case. Besides dealing with these changes, you would also have to deal with your own state laws. Bankruptcy law attorney is there to familiarize you with the laws in your state and offer you the right guidance.
Bankruptcy law attorney is the one who can guide you the best in bankruptcy cases. You need a bankruptcy attorney because the recent changes in bankruptcy laws make it difficult for you to handle your own case. Choose only the best bankruptcy attorney for yourself.